A rare and exceptional opportunity for investors and strategic buyers in one of Burlington's most desirable lakeside communities. Offering four self-contained two-bedroom apartments, 2432 First Street delivers immediate income with tenants already in place, allowing revenue generation from day one. Projected gross annual income exceeds $100,000. Each unit features a functional, well-proportioned layout with two bedrooms, bright living and dining areas, and in-suite laundry. Kitchens offer direct walk-out access, while upper units enjoy private outdoor deck space, an attractive feature for long-term tenant retention. Dedicated parking for each unit adds everyday convenience. Set on a quiet, tree-lined street just moments from Lake Ontario and the vibrancy of downtown Burlington, tenants benefit from walkable access to waterfront parks, trails, cafés, restaurants, shopping, and transit options. Conveniently located near the QEW, Hwy 403, and Hwy 407, offering easy access to Hamilton, Oakville, Mississauga, and the GTA. With RH1 zoning, the property may lend itself to future development possibilities, such as a potential 5-6 townhome configuration, offering compelling long-term upside. Whether expanding your portfolio or securing a property with both stable income and future potential, this is a rare offering in a high-demand location.
Address
2432 First Street
List Price
$2,299,000
MLS® Status
New
Expiration Date
2026-06-30
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Burlington
Sub-Area
Brant
Region
Halton
Bedrooms
8
Bedrooms (Total)
8
Rooms Above Grade
18
Bathrooms
4
Floor Area
3000-3500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
70
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
132
Parcel Number
070620188
Occupant Type
Tenant
Cross Street
via Guelph Line and First St, then turn right at the 1st cross street onto First St.
MLS® Number
W12973256
Listing Brokerage
SAM MCDADI REAL ESTATE INC.
Basement Area
None
Postal Code
L7R 1C6
Posession Details
60-90/TBD
Parking
Private
Parking Places (Total)
7
Parking Spaces
6
Tax Amount
$8,997.00
Tax Year
2026
Site Influences
Fenced Yard, Golf, Library, Park, Patio, Porch, Privacy, Public Transit, School
Exterior Features
Privacy, Porch, Patio
Interior Features
Other
Property Features
Park, Public Transit, School, Golf, Fenced Yard, Library
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
South
Fireplace
No
Foundation Details
Poured Concrete
Garage
Yes
Garage Type
Detached
Covered Spaces
1
Kitchens Total
4
Kitchens Above Grade
4
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 7 , BLK B, PL 45 ; PT LT 8 , BLK B, PL 45 , BEING THE NW 4 FEET CITY OF BURLINGTON
Security Features
Carbon Monoxide Detectors
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Flat | Kitchen | 3.64 x 3.28 | Overlooks Backyard, Overlooks Dining, W/O To Deck |
| Flat | Dining Room | 3.93 x 1.84 | Combined w/Living, Hardwood Floor, Open Concept |
| Flat | Living Room | 3.93 x 2.86 | Combined w/Dining, Hardwood Floor, Open Concept |
| Flat | Primary Bedroom | 3.01 x 3.44 | Closet, Hardwood Floor, Window |
| Flat | Bedroom 2 | 2.75 x 2.99 | Hardwood Floor, Window |
| Flat | Kitchen | 3.28 x 2.11 | Double Sink, Stainless Steel Appl, W/O To Deck |
| Flat | Dining Room | 3.28 x 1.52 | Combined w/Kitchen, Overlooks Backyard, Tile Floor |
| Flat | Living Room | 4.68 x 3.97 | Hardwood Floor, Overlooks Frontyard, Window |
| Flat | Primary Bedroom | 3.45 x 2.99 | Closet, Hardwood Floor, Window |
| Flat | Bedroom 2 | 3.01 x 2.76 | Closet, Hardwood Floor, Window |
| Flat | Kitchen | 3.61 x 3.26 | Breakfast Bar, Double Sink, Walk-Out |
| Flat | Dining Room | 2.74 x 3.01 | Sliding Doors, W/O To Deck, Window |
| Flat | Living Room | 3.91 x 4.63 | Hardwood Floor, Open Concept, Pot Lights |
| Flat | Bedroom | 3.01 x 3.44 | Hardwood Floor, Overlooks Backyard, Window |