Address
38 Hess Street S, Hamilton (Central), ON
Price
$ 1,599,900
Property Attributes
- ID#X13044404
- TypeMulti-Family
- Listing Status Active
- MunicipalityHamilton (Central)
- CityHamilton (Central)
- AreaCentral
- NeighbourhoodCentral
- Postal CodeL8P 3N1
- Style
- Price$ 1,599,900
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage3001
Data Source:
Canadian Real Estate Association (CREA)
Property Description
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:7434)
General Features
| Property Type | Multi-family |
|---|---|
| Zoning Description | D3 |
| CommunityName | Central |
| Building Cooling Type | Fully air conditioned |
| Business Type | Residential |
| Business Sub Type | Apartments |
| Location Description | Main St |
| Building Type | Multi-Family |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Living Area Range | 3001 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in L8P 3N1
Price
In The Neighbourhood
North Bay (Central)
$ 589,900
- Type
- Multi-Family
- Rooms
- 9 Beds + 3.5 Baths
Royal LePage Northern Life Realty, Brokerage
North Bay (Central)
$ 589,900
- Type
- Multi-Family
- Size
- 8,392 SqFt
- Rooms
- 0 Beds + 0 Baths
Royal LePage Northern Life Realty, Brokerage
North Bay (Central)
$ 2,899,900
- Type
- Multi-Family
- Size
- 20,500 SqFt
- Rooms
- 0 Beds + 0 Baths
EXP REALTY
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating