424 EAST 42ND St, Hamilton, ON L8T3A9
- Beds
- 14
- Baths
- 6
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Overview
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:58180)
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 2
- Number of bedrooms
- 14
- Number of bathrooms
- 6
- Year built
- 1955
Interior features
- Basement
- Yes
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Natural Gas, Forced Air
- Sewer
- Septic System
- Water
- Water
Taxes
- Tax Annual Amount
- $11,138.68
Public schools
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Sourced from: Canadian Real Estate Association MLS®#: 40811858 Last checked: …
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