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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 1,999,000

Est. payment -/mo

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Price Dropped by $250K

424 East 42nd Street Hamilton, ON L8T 3A9

14 Beds

6 Baths

5,460 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-6-9 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 5,460 sqft

Price per Sqft $366

MLS Listing ID 40811858

Bedrooms 14

Abv Grd Liv Area 5,460

Year Built 1955

Annual Tax Amount $11,138

Property Sub-Type Multi-6-9 Unit

Source Cornerstone

Property Description

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.

Location

Province ON

County Hamilton

Area 25 - Hamilton Mountain

Zoning E

Direction Upper Gage Ave to Pemberton Ave to East 42nd St

Rooms

Basement Full, Unfinished

Kitchen 0

Interior

Interior Features Other

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Parking Features Detached Garage, In/Out Parking, Mutual/Shared

Garage Spaces 6.0

Roof Type Asphalt Shing

Lot Frontage 75.0

Lot Depth 199.3

Garage Yes

Building

Lot Description Rectangular, Other

Faces Upper Gage Ave to Pemberton Ave to East 42nd St

Story 2

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick

New Construction No

Others

Senior Community false

Tax ID 170050054

Ownership Freehold/None

Listed by RE/MAX Escarpment Realty Inc.

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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