Four self-contained two-bedroom apartmentsFunctional well-proportioned layoutTwo bedroomsIn-suite laundryQuiet tree-lined street
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.
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Listed by:
SAM MCDADI REAL ESTATE INC.
Source: TRREB,MLS®#: W13499188Originating MLS®#: Toronto Regional Real Estate Board
Features: Park, Public Transit, School, Golf, Fenced Yard, Library
Details
Parcel number: 070620188
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex
Materials
Brick
Foundation: Poured Concrete
Roof: Asphalt Shingle
Utilities & green energy
Sewer: Sewer
Community & HOA
Community
Security: Carbon Monoxide Detector(s)
Location
Region: Burlington
Financial & listing details
Annual tax amount: C$8,997
Date on market: 6/29/2026
SAM MCDADI REAL ESTATE INC.
SAM MCDADI REAL ESTATE INC.
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