Salehian.com 647-325-5000

38 Hess Street S

Central, Hamilton, L8P 3N1

$1,599,900

Reduced $100,000 from $1,699,900

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Listed 178 days ago · MLS® X13044404

About this home

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.

Details

Type
Investment
Lot
26.75 × 124.5 ft
Garage
None
Property tax
$15,874 (2025)
Neighbourhood
Central
Municipality
Hamilton

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Water and sewer
Sanitary+Storm
Utilities
Available

Building and exterior

Building area
3,001 Square Feet

More

Possession
Flexible
Cross street
Main St
Business type
Apts - 2 To 5 Units

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚆 Hamilton GO Centre14 min walk

Within a 10-minute walk: 17 grocery stores, 123 cafés and restaurants, 11 parks, 15 pharmacies. Nearest grocery: Samir Supermarket (200 m). Nearest park: Gary Hill Memorial Park (450 m).

Schools nearby

Elementary

  • Central Junior Public School
    EQAO: Gr 3 reading 41%, math 48%    8 min walk
  • Hess Street Junior Public School
    EQAO: Gr 6 reading 66%, math 38%    10 min walk
  • Strathcona Junior Public School
    EQAO: Gr 3 reading 94%, math 72%    14 min walk
  • Lyonsgate Montessori Private14 min walk

Secondary

  • Kanétskare Elementary School9 min walk
  • St. Charles Adult & Continuing Education Centre - Downtown Campus Catholic16 min walk
  • École secondaire Georges- P.-Vanier French
    EQAO: Gr 9 math 73%, literacy test 100%    1.6 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L8P

Owners / renters
31% / 69%
Median household income
$58,000
Average age
42
Children under 15
11%
Homes
19% detached, 53% high-rise
Commute by transit
16%
Population
24,773

Languages spoken most at home besides English: Mandarin 1.9%, Arabic 1.5%, Spanish 1%, Gujarati 1%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Hamilton police: 62 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 59 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (Hamilton Subdivision)250 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX ESCARPMENT REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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