Get $4,998 Cash Back
424 EAST 42ND Street, Hamilton — listed at $1,999,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
What's the parking situation?+
This property includes 12 spaces — Detached Garage, Open.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
This home was built in 1955 — what should I watch for?+
Homes from this era may have original wiring, plumbing, or insulation. Key checks: electrical panel (100 vs 200 amp), roof age, furnace age, and whether the basement has ever had water issues. A thorough home inspection is essential.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Is 424 EAST 42ND Street a good fit for a growing family?+
With 14 bedrooms and 6 bathrooms (5460 sq ft), there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $11,138.68, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Ask About This Property
Nearby Places
Searching nearby places…
Benchmark price · Updated 2026-09
Year over year
Past 10 years
Similar listings
For Sale14 days1
For Sale43 days6
For Sale154 days40
For Sale22 days28The listing data above is provided under copyright by the Canadian Real Estate Association. While the information is considered reliable, its accuracy is not guaranteed by the Canadian Real Estate Association or getsetsold.ca. Neither getsetsold.ca nor its affiliates make any representations or warranties, express or implied, regarding the accuracy or completeness of the information presented here.















