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ACTIVE LISTING

424 East 42nd Street

Hamilton, ON L8T 3A9 · MLS® X12878610

$1,999,000List price
14Bedrooms
6Bathrooms
—Area (sq ft)
MultiplexProperty type

About this home

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.

Property details

Property typeResidential Freehold
Architectural style2-Storey
Parking spaces12
CoolingCentral Air
Annual property tax11138.68

Listing and transaction history

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Available local context

Current IDX records for Hamilton: 97 active sale listings, with asking prices ranging from $1 to $27,000,000.

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Walkability and nearby amenities

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