424 East 42nd Street, Hamilton, ON L8T 3A9
Hamilton, ON, L8T 3A9 · Hampton Heights
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. RSA.
Features & Amenities
- Basement: Full, Unfinished
- Garage: Detached
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 14 |
| Bathrooms | 6 |
| Basement | Full, Unfinished |
| Garage | Detached |
| Parking Spaces | 6 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $11,139 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- None
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Full, Unfinished
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- Detached
- Garage
- Yes
- Parking Spaces
- 6
- Parking Total
- 12.00
- Parking Features
- Private
- Covered Spaces
- 6
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 199.31
- Lot Width
- 75.00
Financial & Tax
- Tax Annual Amount
- $11,139
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 26
- Kitchens Above Grade
- 6
- Kitchens Total
- 6
- Bedrooms Above Grade
- 14
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Hamilton
- Cross Street
- UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST
- Directions
- UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST
- Special Designation
- Unknown
- Showing Requirements
- List Salesperson
Location
424 East 42nd Street, Hamilton, ON L8T 3A9, Hamilton, ON, L8T 3A9