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14 Beds
6 Baths

C$1,999,000

424 East 42nd Street, Hamilton ON, L8T 3A9

Property typeMulti-family

Overview

Active

Price Change

Listed Mar 12, 2026

Updated Jun 25

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.

Additional information

MLS® ID
X12878610

Interior Features

Bedrooms
14
Bathrooms
6
Cooling
Yes
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$11,139
Tax Frequency
Annually
Garage
Yes

 

Courtesy of Listed by , RE/MAX ESCARPMENT REALTY INC.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2026 Toronto Real Estate Board. All rights reserved. 

Data last updated 6:02 AM UTC, 6/25/2026

 

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