424 EAST 42ND Street

Key facts

• Property type: Multi-family
• Transaction: For Sale
• Price: class="container" id="details-container",999,000
• Bedrooms: 14
• Bathrooms: 6
• Interior size: 5,460 sqft
• Year built: 1955
• Parking: 12
• Listing key: 29465330

Listing 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 pot...