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$2M · 14 bed Multiplex · Hampton Heights, Hamilton | MyPropertyScout

$1,999,000

424 East 42nd Street

115 DOM

146115d

Map

⚡ Insider Deal

DOM 115

↓ $251KMotivated SellerPrice Reduced

$1,999,000

↓ $251KMotivated Seller

DOM115days

424 East 42nd Street

Hamilton · Ontario L8T 3A9

MLS® X12878610 · Hampton Heights · L8T 3A9

146TenantOccupied5000 + ft²Multiplex6-car DetachedFull, Unfinished115d$400/ft²Lot 75 x 199.3 ft$11,139 tax/yrBuilt 195175 yrs oldFull, Unfinished

115 days on market

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 wit…

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Property details

MLS#: X12878610
Status: Buy Now
Property class: Residential Freehold
Beds: 14
Baths: 6 full, 0 half
Rooms: 26
Kitchens: 6
Size: 5000 +Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Full, Unfinished
Style: 2-Storey
Type: Multiplex
Year built: 1951

PIN: 170050054
Roll / ARN: 251806060300810

Occupancy: Tenant Occupied
Washrooms: 4 pc · Second
Family room: No
Central vacuum: No
Ensuite laundry: No

Roof: Asphalt Shingle
Foundation: Concrete

Garage: 6-car Detached
Garage spaces: 6
Parking: 12 total
Lot: 75 × 199.31
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick
Fronting on: West
Cross street: UPPER GAGE AVE TO PEMBERTON AVE TO EAST 42ND ST
Stories: —
Utilities: —
Laundry: —
Interior: None
Parking features: Private

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room dimensions are not available for this listing.

Seller signals

Price movement & seller pressure

↓ $251KPrice reduction

MLS shows the seller reduced the asking price by $250,900 (from $2,249,900 to $1,999,000).

Motivated SellerWhy this label

115 days on market — Listing has been active for 115 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

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Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX ESCARPMENT REALTY INC.

Source: TRREB/PROPTX · MLS® X12878610

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$2M

424 East 42nd Street · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $1,999,000✓ $11,139 tax✓ Gas✓ 5000 + ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$14,379/mo

incl. closing costs (yr 1)

Annual total

$172,547

year 1

Mortgage only

$7,584/mo

principal + interest

Beyond mortgage

$3,299/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$399,800

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$928/mo

Utilities

Hydro / electricity$350/mo

≈ $0.07/ft² × ~5,000 ft² · ON avg ~$350/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$19,990/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$36,455

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)53% $91,003/yr

Property taxes28% $47,594/yr

Utilities4% $7,260/yr

Insurance & security1% $1,600/yr

Maintenance12% $19,990/yr

Closing costs3% $5,100/yr

Mortgage is 53% of your true cost of ownership. The other 47% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$91,003	$7,584/mo
Government & taxes
Property tax	$11,139	$928/mo
Land transfer tax(closing)	$36,455	$3,038/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$4,200	$350/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$19,990	$1,666/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$172,547	$14,379/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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424 East 42nd Street

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

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Annual costs