Skip to content

396-400 Melvin Avenue, Sudbury

$799,999

Mixed-use investment property consisting of six separately metered residential apartments (4 bachelor, 1 one-bedroom and 1 two-bedroom unit) and Melvin Variety, an established convenience store business included in the sale (inventory extra at cost). The property offers multiple income streams with three vacant residential units providing immediate lease-up or renovation potential to increase revenue. The commercial space may continue to operate as a convenience store or accommodate a variety of permitted commercial uses, subject to applicable approvals. Ample on-site parking is available at the front and rear of the property, with the large rear lot offering potential for future expansion or redevelopment, subject to municipal approvals. An opportunity for investors or owner-operators seeking a mixed-use asset with existing income and value-add potential.

General Info


MLS Listing ID: 2130907 Bedrooms: 0 Bathrooms: 0 Year Built: 0
Listing Type: Other Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Poured Concrete Roof: Asphalt shingle Title To Land: Freehold Parking Space Total: 0
Parking: N/A Heating: Forced air, Baseboard heaters Size: N/A Air Conditioning : Central air conditioning
Home Style: Storage in Basement Finished Floor Area: Laminate, Linoleum Fireplaces: N/A Basement: N/A
Water Supply: Municipal water Road Type: Paved road Pool Type: N/A

Mortgage Calculator


Disclaimer: NOTE: ©1998-2019 The Canadian Real Estate Association. All rights reserved. REALTOR®, REALTORS®, and all related graphics are trademarks of REALTOR® Canada Inc. a corporation owned by The Canadian Real Estate Association and the National Association of REALTORS®.

CONTACT ME

CONTACT FORM