38 Hess Street S,Hamilton, ON L8P 3N1
Hamilton, ON L8P 3N1
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.
Details
| MLS # | X13044404 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 118 |
| Listing Provided By | RE/MAX ESCARPMENT REALTY INC. | X13044404 184006 |
Features
| SQ Feet | 3,001 |
|---|---|
| Acreage | 0.07 |
Interior
| Cooling | Yes |
|---|
Utilities
| Utilities | Available |
|---|---|
| Sewer | Sanitary+Storm |
Taxes
| Tax Annual Amount | 15873.82 |
|---|---|
| Tax Type | Annual |
| Tax Legal Description | PT LT 4 G.S. TIFFANY SURVEY S/S GEORGE ST CITY OF HAMILTON; PT LT 5 G.S. TIFFANY SURVEY S/S GEORGE ST CITY OF HAMILTON; PT LT 6 G.S. TIFFANY SURVEY S/S GEORGE ST CITY OF HAMILTON (UNREGISTERED) BTN GEORGE ST, HESS ST, MAIN ST, QUEEN ST AS IN VM207798, EXCEPT THE EASEMENT THEREIN; CITY OF HAMILTON |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8P 3N1 |
| Area | Central |
| Listing VS Median (in L8P 3N1) | |
Price: $1,599,900 low | high Med: $1,599,900 sqft: 3,001 low | high Med: 3,001 $ / sqft: $533 low | high Med: $533 On site: 118 low | high Med: 118 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8P 3N1 |
| Area | Central |
| Listing VS Median (in L8P 3N1) | |
Price: $1,599,900 low | high Med: $1,599,900 sqft: 3,001 low | high Med: 3,001 $ / sqft: $533 low | high Med: $533 On site: 118 low | high Med: 118 | |
 | $1,599,90038 Hess Street SHamilton, ON L8P 3N1 |
 | $1,599,90038 Hess Street SHamilton, ON L8P 3N1 |