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For saleMLS® X13044404

38 Hess Street S, Hamilton, ON L8P 3N1

Central · L8P 3N1

$1,599,900

$533 / sq ft

6 months on market

Total area
3,001 sf
Lot
26.75 × 124.5 ft

What's special

  • Yes

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About this property

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.

Property details

Property

Property type
investment
Interior size
3,001 sq ft
Lot size
26.75 × 124.5 ft
Zoning
D3
Possession
Flexible

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Sewer
Sanitary+Storm

Costs

List price
$1,599,900
Property taxes
$15,874 / year (2025)
Price per sq ft
$533
Rental items
Hot Water Heater

Listing

MLS® number
X13044404
Status
For sale
Listed
April 25, 2026
Days on market
194
Last updated
June 22, 2026
Listing brokerage
RE/MAX ESCARPMENT REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 51% of comparable multi-unit / investment listings in Hamilton are asking less.

$650KMedian $1.60M$4.01M
This home
$533 / sq ft
Comparable median
$330 / sq ft

Based on 49 comparable active multi-unit / investment listings in Hamilton. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $319,980
$319,980
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$7,076.90
Property tax (est.)
$1,322.82
Estimated monthly
$8,400

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$28,473
Total due on closing
$28,473

An estimate on the asking price of $1,599,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX ESCARPMENT REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,599,900

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