424 East 42nd Street, Hamilton

$1,999,000
424 East 42nd Street

$1,999,000

Price Change
225d
Multiplex2-Storey

424 East 42nd Street, Hamilton

Total Monthly Obligation $9,367

Beds
14
Baths
6
Park
6
Sqft
5000 +
DOM
225d
Property Type-Multiplex
MLS® Number-X12878610
Beds-14
Bathrooms-6
Size-5000 + sqft
Lot Size-75 × 199.31 ft
Listed on site-Mar 12, 2026
Style-2-Storey
Building Type-Multiplex
Age-51-99
Taxes-$11,138.68 (2026)
Parking-12 - Detached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Hampton Heights
Title-Residential Freehold

No agent assigned

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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Closing Costs

Mortgage Amount
$1,599,200
Land Transfer Taxes$36,455
Legal Fees (Est.)
$
Total cash required for closing$437,755

Total Monthly Obligation

$9,367/mo
Mortgage $8,063
Monthly Loss $7,245
Principal$2,122
Interest$5,942
Property Tax$928
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 424 East 42nd Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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