$2,249,900
FOR SALE

Multiplex

Bedrooms: 14Bathrooms: 6Lot: 75 x 199.25 ft

424 East 42nd Street
Hamilton (Hampton Heights), ON L8T 3A9

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. (id:47421)
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Listed By RE/MAX ESCARPMENT REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12878610
Last Updated Mar 12, 2026
Property Summary
Property Type Multiplex

More like this:
Community Hampton Heights
Price History

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Detailed Information
Bedrooms 14
Bathrooms 6
Lot 75 x 199.25 ft
Features Flat site, Dry
Listing Contract Date 2026-03-12
Location Description UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST
# of Parking Spaces 12
Property Type Multi-family
Transaction Type For sale
Building
Age 51 to 99 years
Basement Development Unfinished
Basement Type Full (Unfinished)
Cooling Type Central air conditioning
Exterior Finish Brick
Foundation Type Concrete
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2
Type Other
Utility Water Municipal water
Parking Spaces
Name Spaces
Detached Garage
Garage
Land
Total Size 75 x 199.3 FT
Sewer Sanitary sewer
Size of Irregular Land 75 x 199.3 FT

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