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396-400 Melvin Avenue, SUDBURY
2026-07-30
Quick Summary
MLS®#2129055
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. (id:32467)
Property Features
Building
- Cooling Type: Central air conditioning
- Exterior Finish: Brick
- Fireplace: No
- Flooring Type: Laminate, Linoleum
- Building Type: Residential Commercial Mix
- Utility Water: Municipal water
Land
- Land Size: 120'|7,251 - 10,889 sqft
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Storage Type
- Storage Type: Storage in Basement
Zoning
- Description: C1(9)
Information entered by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Listing information last updated on: 2026-07-28 19:46:07
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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