38 Hess Street S
Hamilton, ON L8P 3N1
Price
$1,599,900
Building Size
3,001 sq ft
MLS# X13044404 | Listed by RE/MAX ESCARPMENT REALTY INC.
Business Details
Business Type
Apts - 2 To 5 Units
Property Use
Apartment
Commercial Space & Financials
Taxes (Annual)
$15,873.82
Industrial Specifications
Lot Size
26.75' × 124.5'
Structure
Freestanding
Property Description
An extraordinary and rarely available opportunity to acquire a prominent 2.5-storey, multi-unit asset in the heart of Hamilton's most coveted entertainment enclave-Hess Village. This distinguished mixed-use property comprises a ground-floor commercial space, three well-proportioned residential suites, and an expansive, unspoiled lower level with full potential for additional residential conversion, subject to approvals. The offering is further enhanced by dedicated rear parking-an increasingly valuable feature in this high-demand urban setting. The current income profile includes a commercial tenancy generating approximately $5,000 per month, complemented by residential suites consisting of a studio at $775 per month and two one-bedroom-plus-den units at $1,400 per month each. All tenancies are significantly below prevailing market rates, presenting a compelling opportunity for strategic rental repositioning and long-term income growth. The property can be delivered with vacant possession, affording complete flexibility for investors, end-users, or those seeking a refined live-work environment tailored to their vision. Ideally situated just steps from the newly revitalized TD Coliseum, the asset benefits from consistent and elevated foot traffic driven by concerts, sporting events, and premier live performances. Surrounding establishments thrive during event cycles, underscoring the enduring strength and desirability of this location. A truly versatile and upscale investment opportunity-offering immediate income, substantial upside, and the ability to reposition or curate a bespoke mixed-use asset within one of Hamilton's most dynamic and evolving districts.
Price & Status History
Price history is locked
Location
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38 Hess Street S, Hamilton L8P 3N1
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RE/MAX Realtron Realty Inc., Brokerage
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Listing Courtesy of: RE/MAX ESCARPMENT REALTY INC.
This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.
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