406 EAST 43RD Street
Hamilton, Ontario
6 bed • 2 bath • Multi-family
Welcome to this exceptional income-generating property nestled in one of Hamilton's most sought-after East Mountain neighbourhoods. This fully tenanted duplex delivers $4,115/month in gross rental income from day one — no renovations, no vacancy headaches, just returns. Sitting on a 40 x 102 ft lot, this property offers a smart, functional footprint in a high-demand rental corridor. Main Floor Unit features a spacious 3-bedroom, 1-bathroom layout with comfortable living spaces and a floor plan that tenants love. Lower Unit mirrors the main floor with its own self-contained 3-bedroom, 1-bathroom configuration — maximizing your rental income potential under one roof. Both units are leased at market rents to reliable tenants, and the property includes 2 private driveway parking spots — a premium feature renters in this area consistently look for. This is a true turnkey acquisition with all the heavy lifting already done. The East Mountain location offers easy access to major commuter routes, transit, schools, shopping, and amenities — a perennial favourite for renters and a proven area for long-term appreciation.
Price History
Schools
Elementary
- Richard Beasley Junior Public School0.6 km
Public · Hamilton-Wentworth DSB · 165 students
Grade 3 reading: 62% met the provincial standard
- Blessed Sacrament Catholic Elementary School0.8 km
Catholic · Hamilton-Wentworth CDSB · 305 students
Grade 3 reading: 70% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Lawfield Elementary School0.9 km
Public · Hamilton-Wentworth DSB · 685 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 38% met the provincial standard
Secondary
- Hill Park System Alternative Education0.6 km
Public · Hamilton-Wentworth DSB
- ÉSAC Mère-Teresa1.2 km
French Catholic · CS catholique MonAvenir · 300 students
Grade 10 literacy: 90% met the provincial standard
- Sherwood Secondary School1.5 km
Public · Hamilton-Wentworth DSB · 1255 students
Grade 10 literacy: 79% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L8T
- Population
- 19,405
- Private dwellings
- 7,948
- Median age
- 43.6
- Average household size
- 2.5
- Median household income
- $85,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Hamilton · last 12 months
- Median sold price
- $683,000
- Homes sold
- 5,001
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,001 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$149,980
Estimated Monthly Payment
$3,684
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,684/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $187/mo
Estimates only. Consult a financial advisor.
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