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14 Beds
6 Baths
5,460 sqft

C$1,999,000

424 East 42nd Street, Hamilton ON, L8T 3A9

Price per sqftC$366.12
Built in1955
Property size5,460 sqft
Property typeMulti-family

Overview

Active

Listed Mar 12, 2026

Updated Jun 11

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.

Additional information

MLS® ID
40811858

Interior Features

Bedrooms
14
Bathrooms
6
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$11,139
Tax Frequency
Annually
Secondary Association Fee Frequency
Monthly
Garage
Yes
55+/Senior Community
No

 

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