For Sale: 396-400 Melvin Avenue, Greater Sudbury, ON - REW
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$899,999
0 bd • ba • sf • Multifamily
396-400 Melvin Avenue
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$899,999
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396-400 Melvin AvenueGreater Sudbury, ON, P3C 4X3

  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

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:63626)
Listed by: CASSANDRA BEACH, Salesperson, ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE

Home facts and features

Price details
List Price
$899,999
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Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Gravel, Parking Space(s)
Property Type
Multifamily
Depth
Frontage
66.0 feet
Title
Freehold
Exterior Finish
Brick
Heating Type
Baseboard heaters, Forced air
Cooling
Central air conditioning
Basement Details
Partial
Agent details
Primary Agent
CASSANDRA BEACH
Primary Broker
ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Listing details
Days on REW
5 Days
MLS® Number
2129496
Source
Canadian Real Estate Association
Board
Sudbury Real Estate Board
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Purchase Price
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Amortization
25 Years
Interest Rate
3.99%

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Property Insights

É Sép St-Joseph
  • Catholic
  • JK - 8
Queen Elizabeth II Public School
  • Public
  • JK - 6
Sudbury Secondary School
  • Public
  • 9 - 12
Lansdowne Public School
  • Public
  • JK - 8
Marymount School
  • Catholic
  • 7 - 12
ÉS du Sacré-Coeur
  • Catholic
  • 9 - 12
St David Catholic School
  • Catholic
  • JK - 8
Mishko-deh-Wendam School
  • Public
  • 7 - 12
École publique Jeanne-Sauvé
  • Public
  • JK - 6
Alexander Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
CASSANDRA BEACH
Phone:
(705) 688-0007
Office:
705-688-0007
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