450 East 42nd Street, Hamilton

$689,900
450 East 42nd Street

$689,900

Price Change
80d
Detached1 1/2 Storey

450 East 42nd Street, Hamilton

Total Monthly Obligation $3,571

Beds
4
Baths
2
Park
6
Sqft
1100-1500
DOM
80d
Score
21
Yield
5.7%
Cash on Cash
0.1%
Cap Rate
4.6%
5Y IRR
15.6%
10Y IRR
14.7%
Property Type-Detached
MLS® Number-X13635638
Beds-4
Bathrooms-2
Size-1100-1500 sqft
Lot Size-50 × 149.31 ft
Listed on site-Aug 4, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$4,952 (2026)
Parking-7 - Detached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-Red And White Realty Inc
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-Above Ground
Facing-West
Exterior-Vinyl Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60+
Neighbourhood-Hampton Heights
Title-Residential Freehold

No agent assigned

Welcome to 450 East 42nd Street - where nearly 2,000 sq. ft. of finished living space meets an incredible 50 x 149 ft. lot and a backyard made for summer! This spacious detached home offers 4 bedrooms, 2 bathrooms and multiple living areas, providing plenty of room for families to live, work and grow.Inside, you'll find a bright and functional layout with comfortable living spaces throughout. A main-floor bedroom offers fantastic flexibility as a home office, guest room or private space for multi-generational living, while three additional bedrooms upstairs provide room for the whole family. The finished lower level adds even more usable living space.But the real showstopper is outside. Step into your own private backyard retreat featuring a saltwater pool, expansive deck, covered outdoor living and entertaining space, firepit area and plenty of room for kids and pets to play. Whether you're hosting summer BBQs, relaxing poolside or spending evenings outside with family and friends, this is a backyard you'll actually use and enjoy.Car enthusiasts, hobbyists and tradespeople will appreciate the large detached garage/workshop, while the oversized driveway provides parking for up to 7 vehicles.With approximately 1,990 sq. ft. of finished living space, a 50 x 149 ft. lot, saltwater pool, detached garage and an incredibly versatile layout, this home offers a combination that's hard to find at this price point.Located in Hamilton's family-friendly Hampton Heights neighbourhood, you're close to parks, schools, shopping, everyday amenities and convenient Mountain access.If you've been looking for more space inside, an incredible backyard outside and a property you can truly enjoy year-round, 450 East 42nd Street deserves to be seen in person.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$551,920
Land Transfer Taxes$10,273
Legal Fees (Est.)
$
Total cash required for closing$149,753

Total Monthly Obligation

$3,571/mo
Mortgage $2,783
Monthly Loss $2,838
Principal$732
Interest$2,051
Property Tax$413
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-5.0%2
5-Year IRR
11.7%48
10-Year IRR
11.9%
Returns Index
24.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$39,348/yr
NOI
$25,961/yr
Net Cash Flow
-$619/mo
Cash Margin
-18.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
25.0/ 100

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

Comparables

Properties near 450 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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.