Hydroxylation as a technique is mainly used to alter the chemical characteristics of hexagonal boron nitride (h-BN), affecting physical features as well as mechanical and electromechanical properties in the process, the extent of which remains unknown. In this study, effects of functionalization on the physical, mechanical, and electromechanical properties of h-BN, including the interlayer distance, Young's modulus, intrinsic strength, and bandgaps were investigated based on density functional theory. It was found that functionalized layers of h-BN have an average distance of about 5.48 Å. Analyzing mechanical properties of h-BN revealed great dependence on the degree of functionalization. For the amorphous hydroxylated hexagonal boron nitride nanosheets (OH-BNNS), the Young's modulus moves from 436 to 284 GPa as the coverage of -OH increases. The corresponding variations in the Young's modulus of the ordered OH-BNNS with analogous coverage are bigger at 460-290 GPa. The observed intrinsic strength suggested that mechanical properties are promising even after functionalization. Moreover, the resulted bandgap reduction drastically enhanced the electrical conductivity of this structure under imposed strains. The results from this work pave the way for future endeavors in h-BN nanocomposites research.