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38 HESS Street S, Hamilton, Ontario, L8P3N1

MLS: 40820497 | Triplex (Freehold)

$1,699,900

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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: Triplex (Freehold)
Bedrooms: 2
Bathrooms: 2
Living Area: 3,001 sq ft (278.8 m²)
Above Grade: 3,001 sq ft (278.8 m²)
Ownership: Freehold
Attached: Yes
Parking: 2.0 spaces (Open)
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

Heating: Forced air
Cooling: Central air conditioning
Basement: Unfinished, Full

Exterior & Construction

Exterior: Brick
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

MLS® Number40820497

BoardCornerstone

Originating SystemCornerstone Association of REALTORS®

BrokerageRE/MAX Escarpment Realty Inc.

Date ListedApril 25, 2026

Last UpdatedApril 27, 2026

Listing History

MLS listing activity for 38 HESS Street S, Hamilton, Ontario, L8P3N1 — dates reflect when changes were recorded in the DDF

	Date	Days on Market	Price	Event	Listing ID
🔄	4/27/2026	2		Status Changed	40820497
●	4/25/2026	0	$1,699,900	Listed (For Sale)	40820497

Location & Neighborhood

📍38 HESS Street S, Hamilton, Ontario, L8P3N1

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Home Price

Down Payment 20%

Interest Rate (%)

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Down Payment 5%

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First-time home buyer

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