2430 - 2432 First Street, Burlington
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. (id:1945)
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Property details for 2430 - 2432 First Street, Burlington
- Type
- Multi-family
- Bedrooms
- 8
- Bathrooms
- 4
- Lot Size
- 132 x 70 FT
- Stories
- 2
- Basement
- None
- Parking
- Detached Garage, Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Brick
- Annual Taxes
- $8,997
Nearby Listings Stat
Estimated price and comparable properties near 2430 - 2432 First Street
Active Listings
1
Min Price
$2,299,000
Max Price
$2,299,000
Avg Price
$2,299,000
Days on Market
79
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Burlington, Ontario
Population
604
Median Age
46.1
Median Income
$75,571
Dwelling Value
$1,500,953
Housing Tenure
Owners 90%
Renters 10%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 3
Pop. Density: 1,439.1/km²
Avg Shelter Cost: $3,051/mo
Owners with Mortgage: 47.4%
Owners Spending 30%+: 21.6%
Tenants Spending 30%+: 0%
English only: 89.3%
English and French: 10.7%
Median Household Income: $228,864
Median Employment Income: $55,296
Price History
Listed
June 29, 2026
by SAM MCDADI REAL ESTATE INC.
Current Price
$2,299,000
Type
Multi-family
For Sale
