28 Dale Avenue Hamilton (Stoney Creek), Ontario L8G 3L9
$1,099,900
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:41589)
Property Details
| MLS® Number | X12378294 |
| Property Type | Single Family |
| Community Name | Stoney Creek |
| Community Features | School Bus |
| Features | Guest Suite, In-law Suite |
| Parking Space Total | 5 |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 6 |
| Age | 51 To 99 Years |
| Appliances | Water Heater, Dishwasher, Dryer, Range, Stove, Washer, Refrigerator |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Alarm System |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 75 Ft |
| Size Frontage | 100 Ft |
| Size Irregular | 100 X 75 Ft |
| Size Total Text | 100 X 75 Ft|under 1/2 Acre |
| Zoning Description | R1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Kitchen | 6.04 m | 2.27 m | 6.04 m x 2.27 m |
| Basement | Recreational, Games Room | 6.04 m | 4.61 m | 6.04 m x 4.61 m |
| Basement | Bedroom | 3.12 m | 3.32 m | 3.12 m x 3.32 m |
| Basement | Bedroom 2 | 2.87 m | 3.32 m | 2.87 m x 3.32 m |
| Basement | Bedroom 3 | 2.7 m | 3.47 m | 2.7 m x 3.47 m |
| Main Level | Kitchen | 6.27 m | 2.65 m | 6.27 m x 2.65 m |
| Main Level | Other | 2.37 m | 6.71 m | 2.37 m x 6.71 m |
| Main Level | Other | 3.47 m | 6.71 m | 3.47 m x 6.71 m |
| Main Level | Living Room | 5.58 m | 4.49 m | 5.58 m x 4.49 m |
| Main Level | Bedroom | 3.42 m | 3.45 m | 3.42 m x 3.45 m |
| Main Level | Bedroom 2 | 3.38 m | 3.75 m | 3.38 m x 3.75 m |
| Main Level | Bedroom 3 | 3.28 m | 2.51 m | 3.28 m x 2.51 m |
https://www.realtor.ca/real-estate/28808005/28-dale-avenue-hamilton-stoney-creek-stoney-creek
Ryan Serravalle
Broker
8685 Lundy's Lane, Unit 1
Niagara Falls, Ontario L2H 1H5
(905) 357-1700
(905) 357-1705
www.revelrealty.ca/
Abdellah Majd
Salesperson
69 John St South Unit 400a
Hamilton, Ontario L8N 2B9
(905) 592-0990
(905) 357-1705
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September 03 2025 07:28:37
Niagara Association of REALTORS®
Revel Realty Inc., Brokerage, Revel Realty Inc.