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For Sale
$1,999,000
Estimated monthly cost
$10,229/mo
20% down • 5.00% rate • 25 yr • incl. tax

424 East 42nd Street, Hamilton, ON L8T 3A9

Hampton Heights
1 / 1
14
Beds
6
Baths
12
Parking
5,000 + ft²
Size
Property type
Multiplex
Listed
101 Days
Annual taxes
$11,139 /yr (2026)
MLS® number
X12878610
Listing brokerage
RE/MAX ESCARPMENT REALTY INC.

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. RSA.

Property Details

Property
Style
2-Storey
Basement
Full, Unfinished Basement
Exterior Finish
Brick
Heating
Forced Air · Gas
Cooling
Central Air
Pool
None
Building Age
51–99 years
Parking
Garage Type
Detached
Total Parking
12
Land
Lot Size
75 × 199.31 ft
Sewer
Sewer
Listing
MLS® Number
X12878610
Listed Date
Mar 12, 2026
Last Updated
Jun 2, 2026

About Hampton Heights

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Location

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$1,999,000
424 East 42nd Street, Hamilton, ON L8T 3A9

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) and PropTx under the Internet Data Exchange (IDX) program. The information is deemed reliable but is not guaranteed accurate by TRREB, PropTx, CREA or DistrictIQ Inc., Brokerage, may not reflect the most current status, and is subject to errors, omissions, prior sale, change, or withdrawal without notice. Listings should be independently verified.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. Used under licence.

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