28 Dale Avenue, Hamilton, Ontario

House for Sale in Hamilton

28 Dale Avenue, Hamilton, ON

  • CA$1,099,900
  • 3+3 BEDS
  • 0 BATHS
  • 2,263 sq.ft. Home
  • CA$1,099,900

House for Sale in Hamilton

28 Dale Avenue, Hamilton, ON

  • CA$1,099,900
  • 3+3 BEDS
  • 0 BATHS
  • 2,263 sq.ft. Home
  • CA$1,099,900

Key Facts

  • MLS® #: 40765820
  • Property ID: SIRC2727656
  • Property Type: Residential, Single Family Detached
  • Living Space: 2,263 sq.ft.
  • Year Built: 1956
  • Bedrooms: 3+3
  • Parking Spaces: 5
  • Listed By:
  • Revel Realty Inc.

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.

Rooms

  • TypeLevelDimensionsFlooring
  • KitchenMain8' 5.9" x 20' 4.8"Other
  • Living roomMain14' 6.8" x 18' 2.8"Other
  • Living roomBasement15' 11" x 19' 7.8"Other
  • KitchenBasement7' 4.1" x 19' 7.8"Other
  • BedroomMain11' 3" x 11' 1.8"Other
  • BedroomMain12' 2.8" x 10' 11.8"Other
  • BedroomMain8' 2" x 10' 7.1"Other
  • BedroomBasement10' 7.9" x 10' 2"Other
  • BedroomBasement11' 3" x 8' 7.9"Other
  • BedroomBasement10' 7.9" x 9' 3.8"Other

Listing Agents

Revel Realty Inc.

Request More Information

*Showing requires confirmation from agent.

Request More Information

*Showing requires confirmation from agent.

Location

28 Dale Avenue, Hamilton, Ontario, L8G 3L9 Canada

Around this property

Information about the area within a 5-minute walk of this property.

Request Neighbourhood Information

Learn more about the neighbourhood and amenities around this home

Request Now

Payment Calculator

mo.* estimated monthly payment based on:
  • $
  • %$
  • %
  • Principal and Interest 0
  • Property Taxes 0
  • Strata / Condo Fees 0
* This payment calculator’s purpose is to provide a rough estimate for planning and educational purposes only. It should not be used as your sole source of information for financial planning purposes. This tool does not offer a loan nor does it solicit your information, it is also not financial or legal advice. Please contact a qualified professional for your financial advice. No responsibility or liability whatsoever can be accepted by Sotheby’s International Realty Canada or Sotheby’s International Realty Affiliates for any loss or damage resultant from any use of, reliance on or reference to the contents of this payment calculator.

Similar PropertiesSee All Similar Properties

The IDX information is exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed. Copyright 2022 Information Technology Systems Ontario, Inc.
Home/Ontario/Hamilton/MLS® 40765820