28 Dale Avenue Hamilton, Ontario L8G 3L9

$1,099,900

Fantastic opportunity to own a fully renovated, accessible and legally converted multi-residential property in prime Stoney Creek! This unique investment offers the rare option to live in one unit while renting the other, or operate it as a residential care home, providing unmatched flexibility and stability in returns. With the ability to function residentially, commercially, or both, this asset is truly market-proof and can be tailored to independent living, low care, or maximizing revenue with a higher level of care (see supplements). Offering strong income potential with the ability to generate well over $200,000 in net operating income, it is also available as a rental property 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. Located in a beautiful residential neighbourhood within walking distance to parks, grocery, pharmacy, medical centers, Starbucks, and more, the property features 6 bedrooms (3+3), 2 full bathrooms, 2 kitchens, and sits on a generous 75x100 lot with a large private backyard. Renovated top to bottom with accessibility in mind, upgrades include a vertical lift at the entrance, tilt mirrors and grab bars in bathrooms, widened doorways, no transition flooring, remote-control blinds, external waterproofing, and replacement of basement clay pipes. Permitted approvals are 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. All development fees for the conversion have been fully paid ($77,000 value), making this a rare opportunity to secure a diverse, hassle-free, income-generating property in a prime location with endless options for strong and stable returns. (id:50886)

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https://www.realtor.ca/real-estate/28807525/28-dale-avenue-hamilton