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 Type:
Residential Freehold
Property Sub Type:
Fourplex
Home Style:
2-Storey
Total Approx Floor Area:
3000-3500
Lot Size:
<.50
Lot Depth:
70'21.3 m
Lot Frontage:
132'40.2 m
Direction Faces:
South
Bedrooms:
8
Bathrooms:
4.0
Water supply:
Municipal
Kitchens:
4
Bedrooms Above Grade:
8
Kitchens Above Grade:
4
Rooms Above Grade:
18
Zoning:
R3.2, RH1
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Poured Concrete
Roof:
Asphalt Shingle
Basement:
None
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
1.0
Parking Features:
Private
Parking Spaces:
6
Total Parking Spaces:
7.0
Family Room:
Yes
Possession Details:
TBD
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$8,997 /
2026
Assessment:
$- /
-
Halton
Burlington
Brant
Park, Public Transit, School, Golf, Fenced Yard, Library
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