+21 more
8
Bedrooms
4
Bathrooms
3,500 sqft
Living Area
7
Parking
About This Property
This 8-bedroom, 4-bathroom multi-family in Burlington offers 3,500 sqft of living area. 2 storeys. The property has lot dimensions of 132 x 70 FT. The home features tile and hardwood flooring, forced air, natural gas heating, central air conditioning.
MLS Remarks
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. (id:60351)
Inclusions
All electrical light fixtures, window, coverings, kitchen appliances, washer & dryer(s).
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