$1,999,000
424 East 42nd Street, Hamilton, ON L8T 3A9
14 Beds
6 Baths
12 Parking
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.

Property Summary

Property Type Residential Freehold
Property Sub Type Multiplex
Transaction Type For Sale
Style 2-Storey
Approximate Age 51-99
Bedrooms Above Grade 14
Bathrooms 6
Basement Full, Unfinished
Exposure West
Possession Flexible

Building

Building Type Multiplex
Square Footage 5000 +
Exterior Brick
Foundation Concrete
Roof Asphalt Shingle
Heating Forced Air
Heat Source Gas
Cooling Central Air
Fireplace No

Measurements

Lot Size 75 x 199.31
Lot Size Units Feet
Frontage 75
Depth 199.31
Total Living Area 5000 +

Land

Address 424 East 42nd Street, Hamilton, ON L8T 3A9
City Hamilton
Community Hampton Heights
Cross Street UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST
Sewer Sewer
Pool None
Parcel Number 170050054

Parking and Garage

Total Parking 12
Garage Spaces 6
Garage Type Detached
Parking Features Private

Taxes and Listing Info

List Price $1,999,000
Annual Taxes $11,139
Tax Year 2026
Status Active
Listing Date 2026-03-12T23:44:31Z
Updated 2026-06-02T20:49:49Z
MLS Number X12878610
Local Market Insight

What Buyers Should Know About 424 East 42nd Street, Hamilton, ON L8T 3A9

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

424 East 42nd Street, Hamilton, ON L8T 3A9 is positioned in Hampton Heights, a part of Hamilton where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 2-Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Multiplex should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST, public transit options, parking availability, and drive times to employment areas. A property with 12 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $1,999,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 14 bedrooms, 6 bathrooms, basement details marked as Full, Unfinished, and a lot size of 75 x 199.31, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Hamilton, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Hampton Heights. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 424 East 42nd Street, Hamilton, ON L8T 3A9, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.