Listed by Re/Max Escarpment Realty Inc..

424 East 42nd Street is a Multiplex, 2-Storey and is currently for Sale @ $2,249,900. Taxes in 2026 were $11,138.68.

More homes for sale under 2.2M in Hamilton

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 2-Storey on 424 East 42nd Street has 14 bedrooms, 6 bathrooms, and is located on a 199.31 x 75 ft lot in the community of Hampton Heights . 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.

The address 424 East 42nd Street was listed for sale (MLS# X12878610) on Thursday, March 12, 2026.