Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# X12878610

424 East 42nd Street, Hamilton, ON L8T 3A9

Hamilton, ON L8T 3A9

$1,999,000 Est. $8,490/mo · 20% down, 25-yr, 4.09% ↓ $250,900 (-11.2%)
14Beds
6Baths
75 × 199 ftLot
12Parking
MultiplexType

About this property

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 TypeMultiplex
Square Footage5000 + sq ft
Community NameHampton Heights
Land Size75 x 199.31 ft
Age of Building51-99
Annual Property Taxes$11,138.00
Tax Year2026
Parking TypeDetached Garage, Private

Building details

Bedrooms14
Bathrooms / washrooms6 — 4-pc Second
Kitchens6
Property typeMultiplex
Architectural style2-Storey
Approximate age51-99

Lot & land

Lot dimensions75 × 199 ft
Lot frontage75 ft
Lot depth199 ft

Interior Features

Basement FeaturesFull, Unfinished
Basement TypeFinished
Interior FeaturesNone

Building Features

Foundation TypeConcrete
Style2-Storey
RoofAsphalt Shingle
ConstructionBrick

Building Amenities

PoolNone
TopographyDry, Flat

Heating & Cooling

CoolingCentral Air
Heating TypeForced Air
Heating SourceGas

Utilities

Utility SewerSewer

Parking

Parking TypeDetached Garage, Private
Total Parking Spaces12

Taxes & fees

Annual taxes$11,138 (2026)

Listing history

On market sinceMar 12, 2026
Original list price$2,249,900

Location

Hamilton, ON L8T 3A9
Listed by RE/MAX ESCARPMENT REALTY INC., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
424 East 42nd Street, Hamilton, ON L8T 3A9