424 East 42nd Street

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. Newly paved driveway/parking lot with concrete curbs and chainlink fencing (2026).

Listing Details

MLS #

40811858

Board

ITSO

Market

ontario

Property Type

Multi-6-9 Unit

Style

Residential Income

Year Built

1955

Garage Spaces

6

Parking Spaces

12

Basement

Full, Unfinished

Heating

Forced Air, Natural Gas

Cooling

Central Air

Lot Size

75.00 × 199.3 ft

Annual Taxes

$11,139/yr

Listed By

REMAX Escarpment Realty Inc.

Presented By

REMAX Hallmark®

Listed On

March 12, 2026

Days on Market

230

Features & Extras