$2,299,000Asking Price
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.
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.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Flat | 11.94' x 10.76' | Overlooks Backyard, Overlooks Dining, Walkout To Deck |
| 2 | Kitchen | Flat | 10.76' x 6.92' | Stainless Steel Appliances, Double Sink, Walkout To Deck |
| 3 | Kitchen | Flat | 11.84' x 10.70' | Breakfast Bar, Double Sink, Walkout |
| 4 4-Piece Bathrooms | ||||
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Brant, Burlington is a west GTA neighbourhood notable for its singles, renters and salespeople. It has a higher than average population of immigrants, particularly those from the UK. Residents tend to be older with a significant number of adults aged 25 to 34, 25 to 34 and 25 to 34 and seniors aged 65 to 79 and 65 to 79.
Kids Per Family
0.8
kids per family
in the neighbourhood.
49%
of residents are
single and loving it.
49% singles
Burlington (41%)
50%
of residents
are renters.
50% renters
Burlington (24%)
39%
of residents are
university grads.
39% university grads
Burlington (42%)Average Household Income
$110K
is the average household
income in the neighbourhood.
Professions
| Sales | 16% |
| Business | 10% |
| Government | 8% |
| Management | 8% |
| Trades | 6% |
24%
of residents were
born outside of Canada.
24% immigrants
Burlington (24%)5.4% from UK
All-time
0.4% from Philippines
Recent
Foreign Languages
| Arabic | 2% |
| French | 2% |
| Spanish | 2% |
| Polish | 1% |
| German | 1% |
Religions
| Christian | 70% |
| Muslim | 2% |
| Jewish | 1% |
| Hindu | 1% |
| Sikh | 1% |