396-400 Melvin Avenue, Sudbury, Ontario P3C 4X3

Listed for:
$899,999
0 beds
0 baths
Listed 19 days ago
Residential Commercial Mix for rent: 396-400 Melvin Avenue, Sudbury, Ontario P3C 4X3

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About

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:27476)

Property Highlights

MLS® Number
2129055
Type
Other
Ownership Type
Freehold
Land Size
120'|7,251 - 10,889 sqft

Building

Building Type
Residential Commercial Mix
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air, Baseboard heaters
Heating Fuel
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
MLS® number:
2129055
Agent:
Cassandra Beach
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