38 Hess Street S, Hamilton, ON L8P 3N1
Central · L8P 3N1
$1,599,900
$533 / sq ft6 months on market
- Total area
- 3,001 sf
- Lot
- 26.75 × 124.5 ft
What's special
- Yes
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.
- 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
- 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.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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