424 East 42nd Street, Hamilton, ON L8T 3A9
$1,999,000
$1,999,000

424 East 42nd Street

Hampton Heights, Hamilton $1,999,000

Make an offer

14 Beds
6 Baths
5000 + sqft
Detached Garage
Parking for 6
West Facing
MLS®#:
X12878610
Property Type:
Multiplex
Property Style:
2-Storey
Area:
Hamilton
Community:
Hampton Heights
Taxes:
$11,138.68 / 2026
Added:
March 12 2026
Lot Frontage:
75
Lot Depth:
199.31
Status:
Active
Outside:
Brick
Year Built:
51-99
Basement:
Full,Unfinished
Brokerage:
RE/MAX ESCARPMENT REALTY INC.
Lot :

199

75

BIG LOT

Intersection:
UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST
Rooms:
Bedrooms:
14
Bathrooms:
6
Fireplace:
Utilities
Water:
Municipal
Cooling:
Central Air
Heating Type:
Forced Air
Heating Fuel:

Listing Details

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.

Insights

  1. Multi-Residential Investment Opportunity: This property features six purpose-built townhomes, providing a diverse rental portfolio with a mix of 3-bedroom and 2-bedroom units, ideal for maximizing rental income.
  2. Recent Mechanical Updates: Major updates completed in 2025, including new furnaces and air conditioning systems, ensure predictable operating costs and minimal near-term capital expenditures for the investor.
  3. Prime Location: Situated in Hamilton's desirable East Mountain community, the property is conveniently located near major highways, shopping, schools, parks, and transit, ensuring strong tenant demand and long-term growth potential.

Sale/Lease History of 424 East 42nd Street

View all past sales, leases, and listings of the property at 424 East 42nd Street.

Neighborhood Overview

Complete neighborhood profile for 424 East 42nd Street

Hampton Heights home prices

Average sold price for Detached, Semi-Detached, Condo, Townhomes in Hampton Heights

Insights for 424 East 42nd Street

View the highest and lowest priced active homes, recent sales on the same street and postal code as 424 East 42nd Street, and upcoming open houses this weekend.

* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)