424 EAST 42ND Street, Hamilton, ON L8T3A9
424 EAST 42ND Street, Hamilton, ON L8T3A9
424 EAST 42ND Street, Hamilton, ON L8T3A9
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,999,000
Est. payment /mo
14 Beds
6 Baths
5,460 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 5460

Square Footage 5,460 sqft

Price per Sqft $366

Subdivision 252 - Hampton Heights

MLS® Listing ID 40811858

Bedrooms 14

Year Built 1955

Property Sub-Type Freehold

Appx SqFt 5460

Property 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. Don't be TOO LATE*! *REG TM. RSA. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air,

Cooling Central air conditioning

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Total Parking Spaces 12

Garage Yes

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by RE/MAX Escarpment Realty Inc.

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker License ID: 9520476

Broker License ID: 9520476

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