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$2,249,900Asking Price

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

Hampton Heights, Hamilton

Multiplex
14
Bedrooms
6
Baths
12
Parking
Days on Market

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.

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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.

Key Info

  • 2-Storey Multiplex
  • 4+ Parking
  • Detached Garage
  • UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST
  • 5000 + Approximate Sq Feet
  • 51-99 Years Approximate Age
  • No Ensuite Laundry
  • Forced Air Gas Heating
  • Central Air

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $11,138 in 2026
  • Possession: Flexible

Details

  • Brick Exterior
  • No Fireplace
  • 6 Kitchens
  •  
  • MLS #X12878610
  • RE/MAX ESCARPMENT REALTY INC.

Extras

Room Floor Dimensions Details
Washroom6 4-Piece Bathrooms

Who lives here?

Hampton Heights, Hamilton is a west GTA neighbourhood notable for its singles, renters and tradespeople. Residents tend to be older with a significant number of babies, adults aged 25 to 39, 25 to 39 and 25 to 39 and seniors aged 65 to 69.

Families

Kids Per Family

0.9

kids per family
in the neighbourhood.

Hamilton  (1.2)

Singles

49% of residents are
single and loving it.

49% singles

Hamilton (46%)

Renters

38% of residents
are renters.

38% renters

Hamilton (32%)

Education

13% of residents are
university grads.

13% university grads

Hamilton (28%)

Income

Average Household Income

$82K

is the average household
income in the neighbourhood.

Hamilton  ($106K)

Professions

Professions

Sales 14%
Trades 12%
Business 8%
Government 5%
Manufacturing 5%

Immigrants

14% of residents were
born outside of Canada.

14% immigrants

Hamilton (25%)

Birthplace - All

Iraq was once home to 3.0% of immigrants.
UK 2.0%
Italy 1.7%
Caribbean 1.1%
Syria 0.9%

3.0% from Iraq
All-time

Birthplace - Recent

Iraq was once home to 0.4% of immigrants.
UK 0.2%
Syria 0.2%
Cuba 0.1%
India 0.1%

0.4% from Iraq
Recent

Foreign Languages

Foreign Languages

Italian 2%
Spanish 1%
French 1%
Polish 1%
Arabic 1%

Religions

Religions

Christian 69%
Muslim 1%
Hindu 1%