396-400 Melvin Avenue
Sudbury, Ontario P3C 4X3
$
799999.00
mls number:
2130907
bed
bath
ft2
acres
Other








Property Details
Listing Description
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:39198)
Summary
Property type
Other
built in
square footage
sqft
annual property taxes
community name
parking type
Not in CMS
land size
acres
time on market
Not in CMS
Interior Features
Flooring Laminate, Linoleum
Building Features
Style Residential Commercial Mix
Foundation type Poured Concrete
Roof Asphalt shingle
Heating & Cooling
Heating type Baseboard heaters, Forced air
Cooling Central air conditioning
Exterior Features
Exterior finish Brick
Utilities
Sewer Municipal sewage system
Water Municipal water
Parking
Parking type Parking Space(s), Gravel
Listing Description
Listing Description
Lot Features
Frontage 66 ft
Other Property Information
Zoning C1(9)
Road surface Paved road
Data provided by: Sault Ste. Marie Real Estate Board
Virtual Tour
Video
Floor Plan
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