424 East 42nd Street

Hamilton, ON L8T 3A9

About this property

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. Don't be TOO LATE*! *REG TM. RSA.

About this property

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. Don't be TOO LATE*! *REG TM. RSA.

Features and Additional Information

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$1,999,000 Active
14 Bed(s)
6
Baths
5,460 sqft

Presented By Artisan Home Buying Solutions

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Get in touch today! Phone: 1-416-679-9799
Brokerage
RE/MAX Escarpment Realty Inc.
1-905-689-9223
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Area Information

25 Hamilton Mountain | Hamilton County | 252 Hampton Heights

$ 1,999,000
This listing is play_arrow 727.7% higher than the average in the area
$ 241,500 in the area
5,460 SqFt
This listing is play_arrow 357.1% larger than the average in the area
1,195 SqFt in the area
$ 366 $/SqFt
This listing is play_arrow 89.1% more than the average in the area
$ 194 $/SqFt in the area
223 days on site
This listing is play_arrow 324.8% above the average in the area
53 days on site in the area

Schools in the Area

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Listed By Drew Woolcott
Brokerage: RE/MAX Escarpment Realty Inc.

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