38 HESS Street S, Hamilton, Ontario, L8P3N1
MLS: 40820495 | Other
$1,699,900
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. (id:64974)
Quick Facts
- Property Type: Other
- Bedrooms: None
- Bathrooms: None
- Living Area: 3,001 sq ft (278.8 m²)
- Ownership: Freehold
- Parking: 2.0 spaces
- Frontage: 27 ft (8.2 m)
Costs
- Annual Taxes: $15,873.82
Listing Provided by: RE/MAX Escarpment Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Basement: Full
Exterior & Construction
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 27 ft (8.2 m)
- Features: Visual exposure
- Zoning: D3
Community & Neighbourhood
- Community: High Traffic Area
- Subdivision: 142 - Corktown
Listing Information
Listing History
MLS listing activity for 38 HESS Street S, Hamilton, Ontario, L8P3N1 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
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38 HESS Street S, Hamilton, Ontario, L8P3N1