$2,249,900
24.15 BTC
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424 East 42Nd Street, Hamilton
$2,249,900
PRICE
14
BEDROOMS
6
BATHROOMS
X12878610
MLSID

424 East 42Nd Street, Hamilton

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.
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Summary

Address
424 East 42Nd Street
MLSID
X12878610
Property Type
Multiplex
Property Category
Bedrooms
14
Bathrooms
6
Kitchens
6
Taxes (Annual)
$11,138.68
Tax Year
2026
Published
March 12, 2026
Days on Market
73 Days
Possession Type
Flexible
Possession Details
Flexible
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Details

Bathroom 1
4-Piece Second Level
Basement
Full, Unfinished
Interior Features
None
Parking Spaces
6
Parking Total
12
Parking Features
Private
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
75 Feet
Lot Depth
199 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with RE/MAX ESCARPMENT REALTY INC.
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