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:4069)
Address
38 HESS Street S
List Price
$1,699,900
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Bedrooms
2
Bathrooms
2
Floor Area
3,001 Sq. Ft.
MLS® Number
40820497
Listing Brokerage
RE/MAX Escarpment Realty Inc.
Basement Area
Full (Unfinished)
Postal Code
L8P3N1
Zoning
D3
Site Influences
Public Transit, Shopping
Features
Visual exposure
