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    For Sale - 424 East 42nd Street, Hamilton, Ontario

    Est payment $10,804/mo
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    Views   3
    Time on Jump  21 day

    AI Summary *

    • Multi-residential investment with six well-maintained town homes for steady income.
    • Includes private entrances, individual laundry, and bonus unfinished basements.
    • Major mechanical upgrades done in 2025 for predictable operating costs.
    • Six detached garages add extra income potential and tenant convenience.
    • Great location near highways, shopping, schools, and parks for high tenant demand.




    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.
    Listing IDX12878610
    Address424 East 42nd Street
    CityHamilton, Ontario
    Price$2,249,900
    Bed / Bath14 / 6 Full
    Style2-Storey, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement Full, UnfinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  RE/MAX ESCARPMENT REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    424 East 42nd Street
    Hamilton , Ontario
    14 6 $2,249,900
    Get more info