424 East 42nd Street Hamilton, Ontario L8T 3A9
$2,249,900
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. (id:62104)
Property Details
| MLS® Number | 40811858 |
| Property Type | Multi-family |
| Features | Shared Driveway |
| Parking Space Total | 12 |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 14 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1955 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 5,460 Ft2 |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Open |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 199 Ft |
| Size Frontage | 75 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | E |
https://www.realtor.ca/real-estate/29465330/424-east-42nd-street-hamilton
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March 12 2026 10:19:02
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.