For Sale · MLS# X12878610
Active
$2,249,900
424 EAST 42ND STREET
14Bedrooms 6Bathrooms 5,000Sq Ft

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About this home
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:66036)
Property facts
- Property type
- Other
- Building type
- Other
- Living area
- 5,000 sqft
- Lot size
- 75 x 199.3 FT
- Lot frontage
- 75 ft
- Lot depth
- 199 ft ,3 in
- Basement
- Full (Unfinished) Unfinished
- Heating
- Natural gas Forced air
- Cooling
- Central air conditioning
Listing courtesy of
RE/MAX ESCARPMENT REALTY INC.
Listed by: DREW WOOLCOTT
Phone: (905) 689-9223
The trademarks REALTOR®, REALTORS® and MLS® are controlled by The Canadian Real Estate Association (CREA). Listing data via CREA DDF®.