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38 HESS STREET S, Hamilton (Central) — listed at $1,599,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is there air conditioning?+
Yes — fully air conditioned cooling is in place.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $15,873.82, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What makes this a luxury property?+
At $1,599,900, standout features include 3001 sq ft. In this price range, expect higher-end finishes — verify during a showing.
Who is 38 HESS STREET S best suited for?+
With null bedrooms, this is ideal for a couple, a small family, or as a low-maintenance investment property.
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