396-400 Melvin Avenue, Sudbury
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:1945)
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Property details for 396-400 Melvin Avenue, Sudbury
- Type
- Multi-family
- Lot Size
- 120'
- Stories
- 2
- Basement
- Partial
- Parking
- Parking Space(s), Gravel
- Heating
- Baseboard heaters, Forced air
- Cooling
- Central air conditioning
- Exterior
- Brick
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 396-400 Melvin Avenue
Active Listings
77
Min Price
$35,000
Max Price
$4,500,000
Avg Price
$612,134
Days on Market
77
days
Sold Listings
32
Min Sold Price
$100,000
Max Sold Price
$1,799,900
Avg Sold Price
$502,001
Days until Sold
56
days
Neighbourhood Census Data
Greater Sudbury / Grand Sudbury, Ontario
Population
598
Median Age
37
Median Income
$20,288
Dwelling Value
$149,890
Housing Tenure
Owners 21%
Renters 79%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.9
Pop. Density: 3,000.5/km²
Avg Shelter Cost: $1,196/mo
Owners with Mortgage: 84.6%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 62%
English only: 63.3%
French only: 0.8%
English and French: 35.8%
Median Household Income: $35,328
Median Employment Income: $20,672
Price History
Listed
July 29, 2026
by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Current Price
$899,999
Type
Multi-family
For Sale
