28 Dale Av - Specialty FOR SALE


Stoney Creek, ON L8G 3L9
$1,249,900 CAD
905-592-0990
28 Dale Av, Stoney Creek, ON for Sale
$1,249,900 CAD
Specialty - FOR SALE
1/1
null | Request Cap Rate

28 Dale Av
Stoney Creek, ON L8G 3L9


HIGHLIGHTS

  • Prime Location
  • Generous Sized Lot
  • All Major Renovations completed

OVERVIEW

Turnkey Residential Care Home in Prime Stoney Creek Location Fantastic Opportunity to Own a Fully Renovated, Accessible and Legally Converted Residential Care Home! This investment not only offers great income potential but also makes a meaningful difference in the community. It is ready for immediate operation, allowing for care options ranging from independent living, low care, or maximizing revenue with a high level of care (please see supplements). It has the ability to generate well over $200,000 in net operating income, a customizable asset with reasonable operating expenses. The Prime Location is nestled in a beautiful residential neighborhood, within walking distance of parks as well as amenities such as grocery, pharmacy, medical centers, Starbucks, and more!Containing 6 bedrooms (3+3) 2 full bathrooms and 2 kitchens and sitting on a very generous 75x100 lot with a beautiful large, level and peaceful private backyard for additional outdoor living space. 28 Dale Avenue could be the next address in your commercial portfolio with the ability to generate a cap rate well into the double digits! Renovated from top to bottom with a wheelchair accessible main floor that includes a vertical lift at the main entrance, tilt mirrors and grab bars in bathrooms, widened doorways, no transition flooring and remote-control blinds. Renovations also included external waterproofing and the replacement of clay pipes in the basement. Features further include permitted approvals to convert existing garage (including optional interior lift) into additional living space, which will provide an extra 450 sq ft, perfect for a long-term tenant or on-site care provider. Endless income producing options to create massive returns! All development fees for the conversion were fully paid and not deferred ($77,000 value). With all major renovations completed and permits secured, this is a rare opportunity to own a hassle-free, income-generating property in a prime location.

FOR SALE DETAILS

PRICE

$1,249,900 CAD

PRICE/SF

$552 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,643 SF

ZONING

R1

APN/PARCEL ID

251800336021600

ASK ABOUT THIS PROPERTY

Abdellah MajdRevel Realty IncMore Info
905-592-0990

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Abdellah MajdRevel Realty IncMore Info
905-592-0990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.