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.
8 bedrooms, 4 bathrooms, about 3,000 sq ft, works out to roughly $766 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 2430 - 2432 First St
Every detail from the listing, in one place.
Type
Fourplex
Style
2-Storey
Living space
3000-3500 sq ftas stated on the listing
Parking
7 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
7
Interior
Basement
None
Lot & land
Lot size (sqft)
0.209
Listing & possession
Property style
2-Storey
Property class
Fourplex
2430 - 2432 First St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W13499188$2,299,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 2430 - 2432 First St Compares to the Burlington Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$11,294
/mo
based on the purchase price of $2,299,000
$459,800 cash
$1,839,200 financed
$1,549,089 total interest
Principal54%$1,839,200
Interest46%$1,549,089
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Burlington
Other 12-bed homes for sale in Burlington around $2.3M.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.5%On average, homes sold below asking.
Active listings828Homes for sale here right now.
Median vs prior 90 days+0.3%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 1,020 sales from Jul 24 – Oct 22, 2026 (757 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
2430 - 2432 First St is listed at $2,299,000 (MLS® W13499188). Summitly updates the price as soon as the MLS® record changes.
Is $2,299,000 a good price for 2430 - 2432 First St?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Burlington. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 2430 - 2432 First St changed?
No — 2430 - 2432 First St is still listed at its original asking price of $2,299,000.
How many bedrooms and bathrooms does 2430 - 2432 First St have?
2430 - 2432 First St has 8 bedrooms and 4 bathrooms, with about 3,000–3,500 square feet of living space. It is a fourplex in Burlington.
Is 2430 - 2432 First St close to transit?
The nearest rapid-transit station is Burlington GO Station (Lakeshore West GO), about 2.5 km in a straight line. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 2430 - 2432 First St?
About $11,294 a month — principal and interest on $2,299,000 with 20% down ($459,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 2430 - 2432 First St compare with other homes in Burlington?
Its asking price of $2,299,000 is about 142% above the median sold price in Burlington over the last 90 days, $948,250, across 1,020 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 2430 - 2432 First St been sold before?
Summitly has no earlier MLS® sale or lease of 2430 - 2432 First St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 2430 - 2432 First St?
2430 - 2432 First St is in Burlington, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 2430 - 2432 First St been on the market?
116 days — 2430 - 2432 First St was listed on June 28, 2026.
What is the price per square foot of 2430 - 2432 First St?
About $657 to $766 per square foot: the asking price of $2,299,000 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 2430 - 2432 First St have parking or a garage?
Yes — the listing gives 7 parking spaces. Garage: Yes.
