424 East 42nd Street, Hamilton, ON L8T 3A9
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 424 East 42nd Street, Hamilton, ON L8T 3A9
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X12878610
Listed by RE/MAX ESCARPMENT REALTY INC.
On market since Mar 12, 2026
424 East 42nd Street, Hamilton, ON L8T 3A9 is listed for $1,999,000 CAD.
424 East 42nd Street, Hamilton, ON L8T 3A9 has 14 bedrooms and 6 bathrooms.
424 East 42nd Street, Hamilton, ON L8T 3A9 is a Multiplex.
424 East 42nd Street, Hamilton, ON L8T 3A9 is in Hamilton, Ontario.
424 East 42nd Street, Hamilton, ON L8T 3A9 is currently for sale.
Contact Avi Hayev at +16471112222 to arrange a private showing of 424 East 42nd Street, Hamilton, ON L8T 3A9 (MLS# X12878610). You can also send a message through the contact form on this site.
