ON > Hamilton
Hamilton, ON L8G 3L9,28 Dale Avenue
Hamilton, ON L8G 3L9,28 Dale Avenue
Hamilton, ON L8G 3L9,28 Dale Avenue
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,149,900
Est. payment /mo
2,263 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Hospitality,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 2,263 sqft

Price per Sqft $508

MLS Listing ID 40751602

Abv Grd Liv Area 2,263

Year Built 1956

Annual Tax Amount $4,631

Property Sub-Type Hospitality,Building and Land

Source Hamilton - Burlington

Lot Depth 100.0

Lot Front 75.0

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 neighbourhood, 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.

Location

Province ON

County Hamilton

Area 51 - Stoney Creek

Zoning R1

Direction Queenston Road to Donn Avenue to Dale Avenue

Rooms

Basement Full

Kitchen 0

Interior

Interior Features High Speed Internet

Fireplace No

Exterior

Parking Features Attached Garage, Asphalt

Garage Spaces 1.0

Utilities Available Electricity Connected, Natural Gas Connected

Lot Frontage 75.0

Lot Depth 100.0

Garage No

Building

Lot Description Rectangular, Highway Access, Schools

Faces Queenston Road to Donn Avenue to Dale Avenue

Story 1

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 1

Structure Type Brick Veneer,Vinyl Siding

New Construction No

Others

Senior Community false

Tax ID 173160037

Ownership Freehold/None

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Listed by Revel Realty Inc.

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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