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$1,999,000

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424 East 42nd Street

Hamilton, Ontario L8T3A9

For sale· Added

14 bed6 bath5,460 sqft

About this home

Rare multi-residential investment opportunity in Hamilton’s desirable East Mountain! This purpose-built property features six two-storey town homes, including two 3-bedroom end units and four 2-bedroom units, each designed with private entrances, individual laundry and bonus unfinished basements offering additional potential. The building has been exceptionally maintained, with major mechanical updates completed in 2025 including new furnaces and air conditioning systems, providing investors with predictable operating costs and minimal near-term capital expenditures. Each unit is well cared for, creating a strong foundation for stable tenancy. Investors will appreciate the significant rental upside, with opportunities to optimize rents over time while benefiting from the property’s solid fundamentals. A standout feature is the six detached garages, offering valuable additional income potential and tenant convenience. Ideally located in Hamilton’s East Mountain, the property is close to major highways, shopping, schools, parks and transit, making it highly attractive for tenants and ensuring long-term rental demand. A truly rare chance to acquire a multi-unit asset in a prime location with strong income potential and long-term growth. Don’t be TOO LATE*! *REG TM. RSA.

Location

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Property details

Listing

MLS® number
40811858
Added
Mar 12, 2026 ()
Updated
Jun 2, 2026 ()
Info refreshed

Overview

Property type
Multi-family
Storeys
2
Ownership
Freehold
Year built
1,955

Inside

Bedrooms
14
Bathrooms
6
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Fireplace
No
Features
Shared Driveway

Building

Basement
Unfinished, Full
Exterior
Brick
Foundation
Block
Parking
Detached Garage, Open · 12 spaces

Land

Frontage
75 ft
Zoning
E

Services

Water
Municipal water
Sewer
Municipal sewage system

Location

Community
Hampton Heights
Directions
Upper Gage Ave to Pemberton Ave to East 42nd St

Running costs

Annual property tax
$11,139

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$1,999,000
424 East 42nd Street
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