28 DALE Avenue, Hamilton, ON L8G3L9 – 40765820

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Nest Real Estate Group

nest Real Estate Group

info@nestgroup.ca +1(778) 788-6378

$ 1,099,900

Est. payment | -/mo

6 Beds

2,263 SqFt

Save

$ 1,099,900

Est. payment | -/mo

Save

6 Beds

2,263 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,263 sqft

Price per Sqft $486

Subdivision 515 - Battlefield

MLS® Listing ID 40765820

Style Bungalow

Bedrooms 6

Year Built 1956

Property Sub-Type Freehold

Source Cornerstone Association of Realtors

Property Description

Fantastic opportunity to own a fully renovated, accessible and legally converted Residential Care Home in prime Stoney Creek! This turnkey investment not only offers great income potential but also makes a meaningful difference in the community, with immediate operation possible for independent living, low care, or maximizing revenue with a higher level of care (see supplements). Capable of generating well over $200,000 in net operating income, this customizable asset carries reasonable operating expenses and sits in a beautiful residential neighbourhood within walking distance to parks, grocery, pharmacy, medical centers, Starbucks, and more. Offering 6 bedrooms (3+3), 2 full bathrooms, 2 kitchens and a generous 75x100 lot with a large, private backyard, 28 Dale Avenue could be the next address in your commercial portfolio with the potential to generate a cap rate well into the double digits! Renovated top to bottom with wheelchair accessibility in mind, it includes a vertical lift at the main entrance, tilt mirrors and grab bars in bathrooms, widened doorways, no transition flooring, remote-control blinds, plus external waterproofing and replacement of basement clay pipes. Permitted approvals are also in place to convert the existing garage (with optional interior lift) into 450 sq ft of additional living space, perfect for a long-term tenant or on-site care provider. Adding further flexibility, the property is also available for rent with the main floor offered at $3,000/month plus 60% of gas, water, and hydro, and the lower level at $2,000/month plus 40% of gas, water, and hydro. All development fees for the conversion have been fully paid ($77,000 value), making this a rare chance to acquire a hassle-free, income-generating property with endless options for returns in a prime location. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Basement 8'8'' x 11'3'' Bedroom

Extra Room 2 Basement 9'4'' x 10'8'' Bedroom

Extra Room 3 Basement 10'2'' x 10'8'' Bedroom

Extra Room 4 Basement 19'8'' x 15'1'' Living room

Extra Room 5 Basement 19'8'' x 7'4'' Kitchen

Extra Room 6 Main level 10'7'' x 8'2'' Bedroom

Interior

Heating Forced air,

Cooling Central air conditioning

Exterior

Parking Features Yes

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Story 1

Sewer Municipal sewage system

Architectural Style Bungalow

Others

Ownership Freehold

Listed by Revel Realty Inc.

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Nest Real Estate Group

Real Estate Team | License ID: 139039

info@nestgroup.ca

+1(778) 788-6378

# 1500 701 West Georgia Street, Vancouver, V7Y, 1G5, Canada

28 DALE Avenue Hamilton, ON L8G3L9

Nest Real Estate Group

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Get More Information