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.
14 bedrooms, 6 bathrooms, about 5,000 sq ft, works out to roughly $400 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 424 East 42nd St
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
5000 + sq ftas stated on the listing
Parking
12 spacesYes garage
Basement
Full, Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
12
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Multiplex
424 East 42nd St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$9,820
/mo
based on the purchase price of $1,999,000
$399,800 cash
$1,599,200 financed
$1,346,946 total interest
Principal54%$1,599,200
Interest46%$1,346,946
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Hamilton
Other 14–18 bed homes for sale in Hamilton around $2.0M.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings2,493Homes for sale here right now.
Median vs prior 90 days−2.1%Compared with Apr 23 – Jul 22, 2026: prices down.
Based on 1,894 sales from Jul 22 – Oct 20, 2026 (1,461 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
424 East 42nd St is listed at $1,999,000 (MLS® X12878610). Summitly updates the price as soon as the MLS® record changes.
Is $1,999,000 a good price for 424 East 42nd St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Hamilton. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 424 East 42nd St changed?
Yes — it was first listed at $2,249,900 and is now $1,999,000, a drop of $250,900 (11.2%).
How many bedrooms and bathrooms does 424 East 42nd St have?
424 East 42nd St has 14 bedrooms and 6 bathrooms, with about 5,000 square feet of living space. It is a multiplex in Hamilton.
Is 424 East 42nd St close to transit?
The nearest rapid-transit station is Hamilton GO Centre GO Station (Lakeshore West GO), about 4.2 km in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 424 East 42nd St?
About $9,820 a month — principal and interest on $1,999,000 with 20% down ($399,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 424 East 42nd St compare with other homes in Hamilton?
Its asking price of $1,999,000 is about 196% above the median sold price in Hamilton over the last 90 days, $676,250, across 1,894 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 424 East 42nd St been sold before?
Summitly has no earlier MLS® sale or lease of 424 East 42nd St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 424 East 42nd St?
424 East 42nd St is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 424 East 42nd St been on the market?
222 days — 424 East 42nd St was listed on March 12, 2026.
What is the price per square foot of 424 East 42nd St?
About $400 per square foot: the asking price of $1,999,000 over the 5,000 sq ft the listing gives.
Does 424 East 42nd St have parking or a garage?
Yes — the listing gives 12 parking spaces. Garage: Yes.
