2430 - 2432 First Street, Burlington, ON L7R 1C6, Burlington, ON
Bed 8
Bath 4
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.
Property Highlights
For Sale
MLS NO.
W12973256
Type
Residential Freehold
Sub Type
Fourplex
Bedrooms
8
Bathrooms
4
Parking
7.0
Garage
Yes
Complete Property Details
Property Type
Residential Freehold
Sub Type
Fourplex
Transaction Type
For Sale
Status
Cancelled
Contract Status
Unavailable
MLS® Number
W12973256
Living Area Range
3000-3500
Total Bedrooms
8
Bedrooms Above Grade
8
Total Bathrooms
4
Total Kitchens
4
Kitchens Above Grade
4
Rooms Above Grade
18
Interior Features
Other
Fireplace
No
Central Vacuum Yn
No
Security Features
Carbon Monoxide Detectors
Construction
Brick
Roof
Asphalt Shingle
Lot Width
132.0
Lot Size
0.209
Lot Size Units
Acres
Parking Features
Private
Parking Total
7.0
Covered Spaces
1.0
Garage Type
Detached
Garage
Yes
Pool
None
Direction Facing
South
Cooling
Central Air
Heat Source
Gas
Heat Type
Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
2430 - 2432 First Street, Burlington, ON L7R 1C6
City
Burlington
Neighbourhood
Brant
County / Region
Halton
Province / State
ON
Postal Code
L7R 1C6
Cross Street
via Guelph Line and First St, then turn right at the 1st cross street onto First St.
Directions
New St / Guelph Line
Country
CA
List Price
$2,299,000
Annual Taxes
$8,997
Tax Year
2026
Legal Description
LT 7 , BLK B, PL 45 ; PT LT 8 , BLK B, PL 45 , BEING THE NW 4 FEET CITY OF BURLINGTON
Possession Type
Other
Possession Details
60-90/TBD
Listing Office
SAM MCDADI REAL ESTATE INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-04-08T20:09:12Z
Media Updated
2026-04-22T23:44:53Z
Photos Updated
2026-04-08T20:09:12Z
Last Modified
2026-06-29T01:25:08Z
System Modified
2026-07-06T21:40:11.017592Z
MLS Status
Terminated
Architectural Style
2-Storey
Basement
None
Ddfyn
Yes
Expiration Date
2026-06-30
Foundation Details
Poured Concrete
Heat Source Multi
Gas
Heat Type Multi
Forced Air
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
070620188
Parking Spaces
6
Property Features
Park, Public Transit, School, Golf, Fenced Yard, Library
Public Remarks
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.
