424 East 42nd Street,Hamilton, ON L8T 3A9
Hamilton, ON L8T 3A9
Description
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. RSA.
Details
| MLS # | X12878610 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 169 |
| Listing Provided By | RE/MAX ESCARPMENT REALTY INC. | X12878610 184019 |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 6 |
| Garage | 6 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.34 |
Interior
| Interior Features | None |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete |
| Topography | Dry, Flat |
| Construction Materials | Brick |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 11138.68 |
|---|---|
| Tax Legal Description | PT LT 54, PL 794 , BEING THE N 1/2 ; LT 55, PL 794 ; HAMILTON |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8T 3A9 |
| Area | Hampton Heights |
| Listing VS Median (in L8T 3A9) | |
Price: $1,999,000 low | high Med: $0 On site: 169 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8T 3A9 |
| Area | Hampton Heights |
| Listing VS Median (in L8T 3A9) | |
Price: $1,999,000 low | high Med: $0 On site: 169 low | high Med: | |
