396-400 Melvin Avenue Sudbury, Ontario P3C 4X3
$899,999
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. (id:63476)
Property Details
| MLS® Number | 2129055 |
| Property Type | Other |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Road Type | Paved Road |
| Storage Type | Storage In Basement |
Building
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Flooring Type | Laminate, Linoleum |
| Foundation Type | Poured Concrete |
| Heating Type | Forced Air, Baseboard Heaters |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Parking
| Gravel | |
| Parking Space(s) |
Land
| Access Type | Front & Rear Drive Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 66 Ft |
| Size Irregular | 120' |
| Size Total Text | 120'|7,251 - 10,889 Sqft |
| Zoning Description | C1(9) |
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July 28 2026 07:46:07
Sudbury Real Estate Board
Royal LePage North Heritage Realty, Brokerage