38 Hess Street S, Hamilton (Central), Ontario

About 38 Hess Street S

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:6289)

More Info on this Central Multi-Family MLS® listing

38 Hess Street S is a multi-family listing for sale in Hamilton (Central). The MLS® number is X13044404. It covers 3,001 square feet. It's currently listed for $1,599,900. For more details on MLS® X13044404, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in Central is available now!

Selling your Central Multi-Family property?

Have a similar home to 38 Hess Street S? If you’re thinking about selling your Central multi-family property, then we should chat. Fill in the form on this page, or click request info, and we’ll get right back to you, and we can chat about selling your Hamilton (Central) property.

Listing Map