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

Listed for:
$2,249,900
14 beds
6 baths
Listed 20 days ago
Other for rent: 424 East 42nd Street, Hamilton, Ontario L8T 3A9

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About

UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST 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. (id:27476)

Property Highlights

MLS® Number
X12878610
Type
Multi-family
Community Name
Hampton Heights
Land Size
75 x 199.3 FT
Parking Space Total
12

Building

Building Type
Other
Storeys
2.00
Square Footage
5000 - 100000 sqft
Bathrooms Total
6
Bedrooms Above Ground
14
Bedrooms Total
14
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full (Unfinished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
RE/MAX ESCARPMENT REALTY INC.
MLS® number:
X12878610
Agent:
Drew Woolcott
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