396-400 Melvin Avenue, Greater Sudbury, Ontario P3C 4X3
$799,999.00
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 ... read more
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:25417)
- Listing ID: 2130943
- Property Type: Multi-family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 7,251 - 10,889 Sqft |
| Parking: | Gravel |
| Building | |
|---|---|
| HVAC: | Baseboard Heaters, Central Air Conditioning, Fireplace and Forced Air |
| Exterior: | Brick and Asphalt Shingle |
| Basement: | Partial |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| City: | Greater Sudbury |
| Province: | Ontario |
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