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

Listed for:
$799,999
0 beds
0 baths
Listed 30 days ago
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
2130943
Type
Multi-family
Ownership Type
Freehold
Land Size
7,251 - 10,889 sqft

Building

Storeys
2.00
Square Footage
3500 - 5000 sqft
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Partial
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:
2130943
Agent:
Cassandra Beach
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