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$ 350,000
Est. payment /mo
Active
511 Melvin Avenue Greater Sudbury, ON P3C4X7
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2125511
Property Sub-Type Freehold
Source Sudbury Real Estate Board
Property Description
Prime investment opportunity at 511 Melvin Avenue in Sudbury — a solid four-unit multi-residential building with three vacant units ready for your improvements and tenant selection. There are separate meters so tenants handle their own hydro, keeping operating costs predictable. The property sits directly on a bus route, providing excellent access to transit for future tenants and broadening rental appeal. This is an ideal value-add project for investors looking to increase equity through renovation and strategic leases. The three vacant units offer immediate upside potential—renovate, reposition, and capture higher market rents. Located in Greater Sudbury's West End, 511 Melvin Avenue is close to schools, shopping, parks, and major transit connections, making it an attractive rental location for students, working people, and families alike. Sudbury continues to grow as a regional hub for education, healthcare, and mining innovation, supporting strong rental demand and long-term appreciation. The area blends affordable housing options with urban amenities, and its extensive network of over 330 lakes adds recreational appeal that draws residents year-round. Investors appreciate the city's steady employment base anchored by Laurentian University, Cambrian College, Health Sciences North, and major mining companies. 511 Melvin Avenue is a blank slate for your next income-producing project. Whether you modernize the vacant suites, improve curb appeal, or optimize the rents, the fundamentals are all here. A smart buy for any investor looking to add value, stabilize quickly, and enjoy long-term returns in one of Northern Ontario's most resilient markets. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youtu.be/ixoohlpDtFI
Listed by EXP REALTY, BROKERAGE
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