38 Hess Street S, Hamilton, ON L8P 3N1
Hamilton, ON, L8P 3N1 · Central
About this property
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.
Features & Amenities
- Garage: None
- Cooling: Yes
- Heat Type: Gas Forced Air Open
- Sewer: Sanitary+Storm
Property Details
| Property Type | Commercial |
|---|---|
| Property Sub-Type | Investment |
| Garage | None |
| Heat Type | Gas Forced Air Open |
| Cooling | Yes |
| Sewer | Sanitary+Storm |
| Annual Tax | $15,874 |
| Tax Year | 2025 |
Building & Construction
- Building Area Total
- 3001
Heating & Cooling
- Heat Type
- Gas Forced Air Open
- Cooling
- Yes
Parking & Garage
- Garage Type
- None
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 124.50
- Lot Width
- 26.75
Financial & Tax
- Tax Annual Amount
- $15,874
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sanitary+Storm
- Utilities
- Available
Additional Details
- Occupant Type
- Tenant
- County Or Parish
- Hamilton
- Cross Street
- Main St
- Directions
- Main St
- Showing Requirements
- Showing System, List Salesperson
Location
38 Hess Street S, Hamilton, ON L8P 3N1, Hamilton, ON, L8P 3N1