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Team Rocca

hello@roccasisters.ca +1(905) 335-4102

Listed by Abdellah Majd • Revel Realty Inc.

$ 1,099,900

Est. payment -/mo

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Active

28 Dale Avenue Hamilton, ON L8G 3L9

6 Beds

1,391 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,391 sqft

Price per Sqft $790

MLS Listing ID 40765820

Style Bungalow

Bedrooms 6

Abv Grd Liv Area 2,263

Year Built 1956

Annual Tax Amount $4,631

Property Sub-Type Detached

Source Cornerstone

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.

Location

Province ON

County Hamilton

Area 51 - Stoney Creek

Zoning R1

Direction Queenston Road to Donn Avenue to Dale Avenue

Rooms

Basement Full, Finished

Main Level Bedrooms 3

Kitchen 2

Interior

Interior Features High Speed Internet, In-law Capability, In-Law Floorplan

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Attached Garage, Asphalt

Garage Spaces 1.0

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Asphalt Shing

Lot Frontage 75.0

Lot Depth 100.0

Garage Yes

Building

Lot Description Urban, Rectangular, Highway Access, Schools

Faces Queenston Road to Donn Avenue to Dale Avenue

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Architectural Style Bungalow

Structure Type Brick Veneer,Vinyl Siding

New Construction No

Others

Senior Community No

Tax ID 173160037

Ownership Freehold/None

Team Rocca

Owner

+1(905) 335-4102

Team Rocca

28 Dale Avenue Hamilton, ON L8G 3L9

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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28 Dale Avenue