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    For Sale - 38 Hess Street, Hamilton, Ontario

    Est payment $7,683/mo
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    Views   2
    Time on Jump  69 day

    AI Summary *

    • Rare multi-unit property in the vibrant Hess Village area.
    • Includes commercial space generating $5,000 monthly income.
    • Three residential suites with potential for additional units.
    • Dedicated rear parking, a valuable feature in urban settings.
    • Flexible options for investors or end-users seeking customization.




    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.
    Listing IDX13044404
    Address38 Hess Street
    CityHamilton, Ontario
    Price$1,599,900
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Gas Forced Air OpenSewer Sanitary+Storm

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    Listing Agency:  RE/MAX ESCARPMENT REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    38 Hess Street
    Hamilton , Ontario
    $1,599,900
    Get more info