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)
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Features of 396-400 Melvin Avenue
| Listing # | 2129055 |
|---|---|
| Price | $899,999 |
| Type | Other |
| Sub-Type | Freehold |
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 |
|---|---|
| Lot Description | 120' |
| Roof | Asphalt shingle, Unknown |
| Foundation | Poured Concrete |
Listing Details
| Office | ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE |
|---|
