424 East 42nd Street

424 East 42nd Street
424 East 42nd Street
424 East 42nd Street
+14
14
 bed
6
 bath
12
 parking
5000 - 65535
 sqft
Multiplex
$1,999,000
For Sale
90 days
 on site
$1,999,000
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Size
-
Lot size
14948 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$31 - $400
Taxes
$11,138.68 (2026)
Parking Type
-
Style
2-Storey
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Description
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.
Broker: RE/MAX ESCARPMENT REALTY INC.
MLS®#: X12878610
Property details
Parking:
12
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
5000-65535 sqft
Lot front:
75 Ft
Lot depth:
199 Ft
Listed on:
Mar 12, 2026
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Instant estimate:
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$35,379
lower than listed price
i
High
$2,028,299
Mid
$1,963,621
Low
$1,889,990
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347 Queen Street S
1/50
$1,999,000
55 days
347 Queen Street S
10BD
6BA
8 Parking
5,000-65,535 sqft
MLS#: X13009548
ROYAL LEPAGE STATE REALTY
55 days
347 Queen Street S
1/50
$1,999,000
55 days
347 Queen Street S
10BD
6BA
10 Parking
5,000-65,535 sqft
MLS#: X13009542
ROYAL LEPAGE STATE REALTY
55 days

About 424 East 42nd Street

424 East 42nd Street is a Hamilton multiplex for sale. It was listed at $1999000 in March 2026 and has 14 beds and 6 bathrooms.

Some good places to grab a bite are Gage Pizza, KFC or McDonald's. If you love coffee, you're not too far from Tim Hortons located at 675 Mohawk Rd E. Groceries can be found at Food Basics which is only a 3 minute walk and you'll find Dr Eugene Lee not far as well. For nearby green space, Hampton Park and Fernwood Park could be good to get out of your multiplex and catch some fresh air or to take your dog for a walk.

For those residents of 424 E 42nd St, Hamilton City without a car, you can get around quite easily. The closest transit stop is a Bus Stop (UPPER GAGE at DALLAS) and is a short distance away connecting you to Hamilton City's public transit service. It also has route Upper Gage nearby.