424 EAST 42ND STREET, Hamilton, Ontario, L8T 3A9

MLS® # X12878610

Investment For Sale In Hampton Heights, Hamilton, Ontario

$1,999,000

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424 East 42Nd Street, Hamilton, ON - Outdoor

424 East 42Nd Street, Hamilton, ON - Outdoor With Exterior

424 East 42Nd Street, Hamilton, ON - Indoor Photo Showing Other Room

424 East 42Nd Street, Hamilton, ON - Indoor Photo Showing Kitchen

424 East 42Nd Street, Hamilton, ON - Indoor Photo Showing Living Room

424 East 42Nd Street, Hamilton, ON - Indoor Photo Showing Bedroom

424 East 42Nd Street, Hamilton, ON - Indoor Photo Showing Laundry Room

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424 EAST 42ND STREET, Hamilton, Ontario, L8T 3A9

$1,999,000

Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Other
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 5000 - 100000 sqft
Foundation Type: Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

Property Type: Multi-family
Features: Flat site, Dry
Floor Space (approx): 5000 - 100000 Square Feet
Irregular: Yes
Lot Depth: 199.2 Feet
Lot Frontage: 75 Feet
Lot Size: 75 x 199.3 FT
Sewer: Sanitary sewer
Parking Type: Detached garage, Garage
No. of Parking Spaces: 12

Courtesy of: RE/MAX ESCARPMENT REALTY INC.

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