$2,299,000
Est. payment $10,179/moCalculate yours
2430 - 2432 First Street, Burlington, ON L7R 1C6
Brant, Burlington, ON L7R 1C6
- 8 Beds
- 4 Baths
- 1 Garage
- 3,000 Sq Ft
Listing courtesy of SAM MCDADI REAL ESTATE INC. MLS® W13499188
About this home
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 details
Overview
- Property Type
- Fourplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Extension
- Size
- 3,000 sqft
Interior
- Bedrooms
- 8
- Bathrooms
- 4
- Kitchens
- 4
- Basement
- None
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 132 x 70 Feet
- Parking
- Detached garage · 7 total
- Zoning
- R3.2, RH1
Financial
- Property Taxes
- $8,997 (2026)
Location
- Neighbourhood
- Brant
- Cross Street
- via Guelph Line and First St, then turn right at the 1st cross street onto First St.
- Direction Faces
- South
Listing
- MLS® Number
- W13499188
- Days on Market
- 112
- Listed On
- 2026-06-28
- Possession
- TBD
- Listed By
- SAM MCDADI REAL ESTATE INC.
Rooms
Features
Interior
- Other
Property
- Park
- Public Transit
- School
- Golf
- Fenced Yard
- Library
Pool
- None
- Included
- All electrical light fixtures, window, coverings, kitchen appliances, washer & dryer(s).
- Excluded
- Fixtures belonging to tenants.
- Rental items
- Hot water tank (if rental)
Mortgage calculator
Estimated mortgage payment
$10,179 per month
- Principal and interest
- $10,179
- Property tax
- $750
- Condo fees
- $0
- Estimated monthly cost
- $10,929
Your mortgage
- Mortgage amount
- $1,839,200
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,214,642
Cash to close
- Down payment
- $459,800
- Land transfer tax
- $43,950
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $503,750
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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