28 Dale AVE new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8G 3L9
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision Stoney Creek
MLS Listing ID X12378294
Style Bungalow
Bedrooms 6
Building Age 51-99
Annual Tax Amount $4,631
Tax Year 2025
Property Sub-Type Detached
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
State ON
County Hamilton
Community Stoney Creek
Area Hamilton
Rooms
Family Room No
Basement Full,Finished
Kitchen 2
Separate Den/Office 3
Interior
Interior Features Guest Accommodations,In-Law Capability,In-Law Suite,Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 100.0
Lot Depth 75.0
Total Parking Spaces 5
Building
Unit Features School Bus Route
Foundation Concrete
Others
Security Features Alarm System