396-400 Melvin Avenue, Sudbury, Ontario

$799,999

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About 396-400 Melvin Avenue

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:6289)

More Info on this Residential Commercial Mix MLS® listing

396-400 Melvin Avenue is a residential commercial mix listing for sale in Sudbury. The MLS® number is 2130907. It's currently listed for $799,999. For more details on MLS® 2130907, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This residential commercial mix listing in Sudbury is available now!

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Features of 396-400 Melvin Avenue

Listing # 2130907
Price $799,999
Type Other
Sub-Type Residential Commercial Mix

Community Information

Address 396-400 Melvin Avenue
City Sudbury
Province Ontario
Postal Code P3C4X3

Amenities

Parking Parking Space(s), Gravel
Garages Parking Space(s), Gravel
Is Waterfront No
Has Pool No

Interior

Heating Baseboard heaters, Forced air
Cooling Central air conditioning
Fireplace No
Has Basement No

Exterior

Exterior Brick
Roof Asphalt shingle, Unknown
Foundation Poured Concrete

Additional Information

Zoning C1(9)

Listing Details

OfficeROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE

Listing Map

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