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Listed by CASSANDRA BEACH ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
$ 899,999
Est. payment /mo
New
396-400 Melvin AVE Sudbury, ON P3C 4X3
UPDATED:
Key Details
Property Type Other Types
Sub Type RES and COM Mix
Listing Status Active
Purchase Type For Sale
Subdivision Flour Mill/Donovan S308
MLS Listing ID 2129496
Available Date 2026-07-29
Property Sub-Type RES and COM Mix
Property 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.
Location
Province ON
Rooms
Basement Partial
Interior
Heating Baseboard, Forced Air
Cooling Air Conditioning
Flooring Laminate, Linoleum
Inclusions 2 Cash Registers Camera System with 15 cameras Frozen Yogurt Machine Soft Ice Cream Machine 1 Double Door Cooler 1 Double Door Freezer 2 small Chest Freezers Popcorn Machine
Exterior
Exterior Feature Brick
Parking Features Gravel, Parking Space(s), Paved
Building
Foundation Concrete, Poured Concrete
Others
Senior Community 51 to 99 Y