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. Don’t be TOO LATE*! *REG TM. RSA.
Details
| MLS # | 40811858 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 176 |
| Listing Provided By | RE/MAX Escarpment Realty Inc. | Drew Woolcott |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 5,460 |
| Garage | 6 |
| Basement | Y |
| Story(s) | 2 |
| Units | 6 |
| Zoning | E |
| Acreage | 0.34 |
Interior
| Appliances | Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Other |
| Cooling | Central Air |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | In-Suite |
Exterior
| Lot Features | Rectangular, Other |
|---|---|
| Construction Materials | Brick |
| Roof | Asphalt Shing |
| Foundation Details | Concrete Block |
Parking
| Garage Spaces | 6 |
|---|---|
| Parking Features | Detached Garage, In/Out Parking, Mutual/Shared |
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 11138.68 |
|---|
Area Information
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8T 3A9 |
| Area | 25 Hamilton Mountain |
| Subarea | 252 Hampton Heights |
| Community Name | 252 Hampton Heights |
| Listing VS Median (in 252 Hampton Heights) | |
Price: $1,999,000 low | high Med: $241,650 sqft: 5,460 low | high Med: 1,070 $ / sqft: $366 low | high Med: $194 On site: 176 low | high Med: 33 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8T 3A9 |
| Area | 25 Hamilton Mountain |
| Subarea | 252 Hampton Heights |
| Community Name | 252 Hampton Heights |
| Listing VS Median (in 252 Hampton Heights) | |
Price: $1,999,000 low | high Med: $241,650 sqft: 5,460 low | high Med: 1,070 $ / sqft: $366 low | high Med: $194 On site: 176 low | high Med: 33 | |