424 East 42nd Street Hamilton, Ontario L8T 3A9
$2,249,900
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. (id:47351)
Property Details
| MLS® Number | X12878610 |
| Property Type | Multi-family |
| Community Name | Hampton Heights |
| Features | Flat Site, Dry |
| Parking Space Total | 12 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 14 |
| Bedrooms Total | 14 |
| Age | 51 To 99 Years |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 199 Ft ,3 In |
| Size Frontage | 75 Ft |
| Size Irregular | 75 X 199.3 Ft |
| Size Total Text | 75 X 199.3 Ft |
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March 13 2026 12:38:19
Toronto Regional Real Estate Board
RE/MAX Escarpment Realty Inc.