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Elizabeth Chi

[email protected] +1(778) 715-9988

$ 1,249,900

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28 DALE AVENUE Hamilton (stoney Creek), ON L8G3L9

6 Beds

2 Baths

1,099 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,099 sqft

Price per Sqft $1,137

Subdivision Stoney Creek

MLS® Listing ID X12025563

Style Bungalow

Bedrooms 6

Originating Board Niagara Association of REALTORS®

Property Sub-Type Freehold

Property Description

Turnkey Residential Care Home in Prime Stoney Creek Location Fantastic Opportunity to Own a Fully Renovated, Accessible and Legally Converted Residential Care Home! This investment not only offers great income potential but also makes a meaningful difference in the community. It is ready for immediate operation, allowing for care options ranging from independent living, low care, or maximizing revenue with a high level of care (please see supplements). It has the ability to generate well over $200,000 in net operating income, a customizable asset with reasonable operating expenses. The Prime Location is nestled in a beautiful residential neighborhood, within walking distance of parks as well as amenities such as grocery, pharmacy, medical centers, Starbucks, and more!Containing 6 bedrooms (3+3) 2 full bathrooms and 2 kitchens and sitting on a very generous 75x100 lot with a beautiful large, level and peaceful private backyard for additional outdoor living space. 28 Dale Avenue could be the next address in your commercial portfolio with the ability to generate a cap rate well into the double digits! Renovated from top to bottom with a wheelchair accessible main floor that includes a vertical lift at the main entrance, tilt mirrors and grab bars in bathrooms, widened doorways, no transition flooring and remote-control blinds. Renovations also included external waterproofing and the replacement of clay pipes in the basement. Features further include permitted approvals to convert existing garage (including optional interior lift) into additional living space, which will provide an extra 450 sq ft, perfect for a long-term tenant or on-site care provider. Endless income producing options to create massive returns! All development fees for the conversion were fully paid and not deferred ($77,000 value). With all major renovations completed and permits secured, this is a rare opportunity to own a hassle-free, income-generating property in a prime location. (id:24570)

Location

State ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 6.04 m X 2.27 m Kitchen

Extra Room 2 Basement 6.04 m X 4.61 m Recreational, Games room

Extra Room 3 Basement 3.12 m X 3.32 m Bedroom

Extra Room 4 Basement 2.87 m X 3.32 m Bedroom 2

Extra Room 5 Basement 2.7 m X 3.47 m Bedroom 3

Extra Room 6 Main level 6.27 m X 2.65 m Kitchen

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features Yes

Community Features School Bus

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 1

Sewer Sanitary sewer

Architectural Style Bungalow

Others

Ownership Freehold

Virtual Tour https://youtu.be/n8EY1LfQ9T4

Listed by REVEL Realty Inc., Brokerage

Elizabeth Chi

+1(778) 715-9988

Elizabeth Chi

28 DALE AVENUE Hamilton (stoney Creek), ON L8G3L9

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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28 DALE AVENUE