New Listing
$799,999
 $4,295 est/mo Sourced by Back At You

396-400 Melvin Avenue,Sudbury, ON P3C4X3

Sudbury, ON P3C4X3

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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:374)

Details

MLS #2130943
Listing TypeFor Sale
StatusActive
Days On Site5
Listing Provided ByROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE | CASSANDRA BEACH

Features

SQ Feet3,500
BasementY
Story(s)2
Units7
ZoningC1(9)

Interior

CoolingCentral air conditioning
HeatingBaseboard heaters, Forced air
Fireplace Yes / NoNo

Exterior

RoofAsphalt shingle, Unknown
Foundation DetailsConcrete, Poured Concrete

Parking

Parking FeaturesParking Space(s), Gravel

Utilities

SewerMunicipal sewage system
Water SourceMunicipal water

Area Information

ProvinceON
CitySudbury
Postal CodeP3C4X3
Listing VS Median (in P3C4X3)
Price:
$799,999
low | high
Med:
$549,500
81.312476640596% of Average
sqft:
3,500
low | high
Med:
2,100
90% of Average
$ / sqft:
$229
low | high
Med:
$328
6.562383202979% of Average
On site:
5
low | high
Med:
15.5
32.258064516129% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Paul Liberatore

Paul Liberatore

Sutton Centre Realty

Sales Representative, (604) 788-0463paull@sutton.com
ProvinceON
CitySudbury
Postal CodeP3C4X3
Listing VS Median (in P3C4X3)
Price:
$799,999
low | high
Med:
$549,500
81.312476640596% of Average
sqft:
3,500
low | high
Med:
2,100
90% of Average
$ / sqft:
$229
low | high
Med:
$328
6.562383202979% of Average
On site:
5
low | high
Med:
15.5
32.258064516129% of Average
Sourced by Back At You
Listing Updated: October 15, 2026 at 3:34:39 PM PDT

Paul Liberatore - Sutton