Salehian.com 647-325-5000

424 East 42nd Street

Hampton Heights, Hamilton, L8T 3A9

$1,999,000

Reduced $250,900 from $2,249,900

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  • 14 bedrooms
  • 6 bathrooms
  • 12 parking
  • 5000 + sq ft

Listed 221 days ago · MLS® X12878610

About this home

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.

Details

Type
Multiplex
Style
2-Storey
Age
51-99 years
Size
5000 + sq ft
Lot
75 × 199.31 ft
Basement
Full, Unfinished
Garage
Detached
Kitchens
6
Property tax
$11,139 (2026)
Neighbourhood
Hampton Heights
Municipality
Hamilton

Interior

Bedrooms
14 above ground
Bathrooms
6 × 4-piece (second)
Rooms
26 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick
Roof
Asphalt Shingle
Foundation
Concrete
Age
51-99 years
Faces
West

Parking

Garage spaces
6
Total parking
12
Driveway and parking
Private

Lot

Size
75 × 199.31 ft

More

Possession
Flexible
Cross street
UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

  • 🚆 Hamilton GO Centre4.2 km

Within a 10-minute walk: 3 grocery stores, 9 cafés and restaurants, 7 parks, 3 pharmacies. Nearest grocery: Food Basics (350 m). Nearest park: Hampton Park (400 m).

Schools nearby

Elementary

  • Blessed Sacrament Catholic Elementary School Catholic
    EQAO: Gr 6 reading 97%, math 50%    10 min walk
  • Richard Beasley Junior Public School
    EQAO: Gr 3 reading 62%, math 40%    11 min walk
  • Lawfield Elementary School
    EQAO: Gr 6 reading 86%, math 38%    15 min walk
  • Franklin Road Elementary Public School
    EQAO: Gr 6 reading 89%, math 54%    15 min walk

Secondary

  • Former Nora Henderson Secondary School11 min walk
  • École Secondaire Académie Catholique Mère-Teresa French1.3 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L8T

Owners / renters
67% / 33%
Median household income
$85,000
Average age
44
Children under 15
15%
Homes
69% detached, 13% high-rise
Commute by transit
8%
Population
19,405

Languages spoken most at home besides English: Arabic 1.3%, Spanish 1.2%, Italian 1%, Assyrian Neo-Aramaic 0.7%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Hamilton police: 62 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Hamilton: 5 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence, with a City business licence (since December 2023).

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX ESCARPMENT REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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