396-400 Melvin Avenue
Sudbury, Ontario
MLS® 2129496
$899,999
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 2129496
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 35Listing description
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.
Property summary
- MLS® number
- 2129496
- Property type
- Multi-family
- Title
- Freehold
- Land size
- 120'
- Parking
- Parking Space(s), Gravel
- Days on market
- 50 days
Features & details
- Heating
- Baseboard heaters, Forced air
- Cooling
- Central air conditioning
- Basement
- Partial
- Flooring
- Laminate, Linoleum
- Exterior features
- Brick
What would this home cost you?
Based on the $899,999 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE, SUDBURY.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.