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$1,999,000
For SaleListed 147 days ago

424 East 42nd Street, Hamilton, ONL8T 3A9

Hampton Heights
14
6
5,000 + ft²
Multiplex12 Parking75 × 199.31 ft Lot
Listed by RE/MAX ESCARPMENT REALTY INC.

Property Information

Property TypeMultiplex
Lot Size75 × 199.31 ft
BasementFull, Unfinished
Parking12 parking spaces · Private · Detached
Property taxes$11,139/yr (2026)
Days on Market147 Days
Listed DateMar 12, 2026
MLS® NumberX12878610

Monthly Cost

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.

Listing History

Event
Date
Price
Listed
Mar 12, 2026
$1,999,000

Shows activity for this MLS® listing. Prior listings and sold records appear when available.

Location

View on Map

School Catchments

School boundaries and eligibility may change. Confirm school eligibility directly with the school board.

All Hamilton school catchments

Licensed Childcare Nearby

Licensed childcare nearby
From Ontario’s Ministry of Education registry
6
Licensed centres nearby
0.7km
Closest centre
5
CWELCC
6
Before & after care
Licensed Child Care Centre
Blessed Sacrament Before And After School Program
315 East 37Th Street, Hamilton
0.7 km
CWELCC
Before & after school
Operator: Hamilton-Wentworth Catholic Child Care Centres Inc.
Licence #57280·Child Care Centre
Licensed Child Care Centre
Ymca Sacc - Richard Beasley
80 Currie Street, Hamilton
0.7 km
CWELCC
Half day · Before & after school
Operator: Ymca Of Hamiltonburlingtonbrantford
Licence #0003243·Child Care Centre
Licensed Child Care Centre
St. Margaret Mary Before And After School Program
25 Brentwood Drive, Hamilton
1.0 km
CWELCC
Before & after school
Operator: Hamilton-Wentworth Catholic Child Care Centres Inc.
Licence #0006337·Child Care Centre
Licensed Child Care Centre
Umbrella Family - Lawfield
45 Berko Avenue, Hamilton
1.0 km
CWELCC
Full day · Half day · Before & after school
Operator: Umbrella Family And Child Centres Of Hamilton
Licence #0004444·Child Care Centre
Licensed Child Care Centre
Today'S Family- Franklin Road
500 Franklin Road, Hamilton
1.1 km
Full day · Before & after school
Operator: Today'S Family - Caring For Your Child
Licence #56143·Child Care Centre
Licensed Child Care Centre
Today'S Family - Huntington Park
80 Kingslea Drive, Hamilton
1.1 km
CWELCC
Before & after school
Operator: Today'S Family - Caring For Your Child
Licence #56881·Child Care Centre

About Hampton Heights

View Hampton Heights on Market

Who lives here

A snapshot of this home’s immediate area — the census dissemination area it sits in.

23%
Homeowners
56%
Households with kids
$26,400
Median income
63
Median age
More about this area
1.6
Avg. household size
10%
University degree
20%
Newcomers (immigrants)
Age profile617 residents
Under 2012%
20–3412%
35–6432%
65+45%

StatCan 2021 Census · this home’s dissemination area (DA 35250601). Values are randomly rounded by Statistics Canada for privacy.

Homes for sale nearby

DistrictIQ Inc., BrokerageMLS® data provided by PropTxUpdated Jun 2, 2026
Data sources & legal disclosures

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.

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