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$1,999,000

14 Beds 6 Baths 5,460 SQFT 0.00 Acres
Type: Multi-Family

424 EAST 42ND Street
Hamilton, ON L8T3A9

MLS#: 40811858
Jackson Scarfe
Jackson Scarfe
Condo Digs
Sales Representative
Phone: 647.447.8001
Office: 647.259.8806
Presented by: RE/MAX Escarpment Realty Inc.

Property Description

 

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. (id:7434)


 

Interior Features

Bedrooms

Bedrooms14

Other Interior Features

Basement DevelopmentUnfinished
Basement TypeFull (Unfinished)
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air
Living Area Range5,460 sqft

General

Building Cooling TypeCentral air conditioning
Building.StoriesTotal2
FeaturesShared Driveway
Foundation TypeBlock
Location DescriptionUpper Gage Ave to Pemberton Ave to East 42nd St
Ownership TypeFreehold
Parking Space Total12
Property TypeMulti-family
Zoning DescriptionE

Exterior

Exterior FinishBrick
SewerMunicipal sewage system

Additional Details

  

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$1,999,000

14 Beds 6 Baths 5,460 SQFT 0.00 Acres
Type: Multi-Family

424 EAST 42ND Street
Hamilton, ON L8T3A9

MLS#: 40811858
Jackson Scarfe
Jackson Scarfe
Condo Digs
Sales Representative
Phone: 647.447.8001
Office: 647.259.8806
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