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🛏️
14 Beds
🚿
6 Baths
🚗
12 Parking
📐
5000 +

$2,249,900

Multiplex

424 East 42nd Street, Hamilton, ON L8T 3A9Hampton Heights

Listing Overview

MLS ID:X12878610
Status:New
Type:Residential Freehold / Multiplex
Style:2-Storey
Approx Age:51-99
Living Area:5000 +
Taxes:$11,138.68 / yr (2026)
Days on Market:26
Listed:2026-03-12
Last Updated:Mar 12, 2026
Cross Street:UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST
Data Source:PROPTX

Interior

Beds (above):14
Bathrooms:6
Kitchens (above):6
Basement:Full, Unfinished

Utilities

Heat Type:Forced Air
Heat Source:Gas

Outdoor / Lot

Lot Size:75ft × 199.31ft
Direction Faces:West

Parking

Garage Type:Detached
Covered Spaces:6
Parking Spaces:6
Total Parking:12

Description

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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