424 East 42nd Street Hamilton, ON L8T 3A9
Listing Courtesy of: PropTX - IDX / Listed By: Re/Max Escarpment Realty Inc.

  424 East 42nd Street Hamilton, ON L8T 3A9

Active
$1,999,000 (CAD)
14
BED
6
BATH
5000 +
SQFT

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.

MLS®:
X12878610
Taxes
$11,139(2026)
Type
Multifamily
Style
2-Storey
County
Hamilton
Community
Hampton Heights

Listed By

Re/Max Escarpment Realty Inc.
Source
PropTX - IDX
Last checked Aug 28 2026 at 10:48 AM EDT
Bathroom Details
Interior Features
  • None
Property Features
  • Foundation: Concrete
Heating and Cooling
  • Forced Air
  • Central Air
Basement Information
  • Full
  • Unfinished
Pool Information
  • None
Exterior Features
  • Brick
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Sewer
  • Fuel: Gas
  • Energy: Energy Certificate: No
Garage
  • Detached
Parking
  • Private
Stories
  • 2

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jun 02, 2026
Price Changed
$1,999,000
-11%
-$250,900
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Disclaimer: Copyright 2026 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/28/26 03:48