House of the Week: Strategic location provides lakefront opportunity in Burlington

This place: Investment opportunity

Property type: Two-storey fourplex

Price: $2,299,000

Address: 2430 – 2432 First Street, Burlington

Neighbourhood: Roseland

Bedrooms: Eight

Bathrooms: Four

Lot Dimensions: 132 x 70 ft 

Taxes:  $8,997    

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, cafes, restaurants, shopping, and transit options.

Conveniently located near the QEW, Highway 403, and Highway 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 five to six-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.

Thanks to Sam McDadi Real Estate Inc. Brokerage for all the information about the House of the Week. For more information about this house, please visit Sam McDadi Real Estate Inc.