328 Melvin Avenue, Greater Sudbury | Image 1

328 Melvin Avenue

Greater Sudbury, Sudbury

  • 5 bed 4 bath 2000 sqft
$400,000 est.*: $1,355/mo
For Sale

Added 2 weeks ago

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  • Type: Triplex

  • Style: 3-Storey

  • Size: 2000 sqft

  • Lot Size: 33 x 120 Feet

  • Age: 51-99 years

  • Taxes: $3,354 per year

  • Days on Site: 14 Days

  • Added: Nov 28, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: X11437922

  • Listed By: Exp realty

This legal triplex, located just minutes from downtown Sudbury, offers a prime investment opportunity with four fully separate units, all renovated within the last four years. Modern updates throughout and separate hydro meters allow tenants to cover their own hydro costs, making it an attractive option for investors. With two units currently vacant, you have the flexibility to set market rents or occupy one unit while still generating income. The property boasts a gross income potential of approximately $59,400 annually. Situated close to shopping, dining, schools, and public transit, this property offers both excellent income opportunities and a convenient location. Dont miss out on this turnkey investmentschedule your viewing today!

Extras

The lockbox is located at BACK WINDOW of the building on the 3rd floor landing. Buyer must assume tenants.

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Property

  • Status: Sale

  • Property Type: Triplex

  • Style: 3-Storey

  • Size (sq ft): 2000

  • Age: 51-99

  • Area: Greater Sudbury

  • Community: Sudbury

  • Availability Date: 60 days

Inside

  • Bedrooms: 5

  • Bathrooms: 4

  • Kitchens: 3

  • Rooms: 14

  • Den/Family Room: Yes

  • Air Conditioning: None

  • Fireplace: No

  • Washrooms: 4

Building

  • Basement: Apartment

  • Heat Type: Baseboard

  • Heat Source: Electric

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Available

  • Garage Type: None

  • Covered Parking Spaces: 1

  • Total Parking Spaces: 1

Fees

  • Tax Year: 2023

  • Tax Legal Description: PCL 2527 SEC SES LOT 55, PLAN M53 CITY OF SUDBURY

  • Taxes: $3,354

Land

  • Cross Street: Kathleen & Melvin

  • Municipality District: Greater Sudbury

  • Fronting On: North

  • Parcel Number: 021330210

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 120 Feet

  • Lot Frontage: 33 Feet

  • Zoning: R2-3, C1

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Very Walkable

  • Most errands can be accomplished on foot.
75 /100

Somewhat Bikeable

  • Most errands require a car.
36 /100
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Map of 328 Melvin Avenue, Greater Sudbury
JK-8

École séparée St-Joseph

Elementary: Catholic
0.38 km
7-8

Marymount Elementary Academy

Elementary: Catholic
0.52 km
JK-6

Queen Elizabeth II Public School

Elementary: Public
0.68 km
JK-8

St David Catholic School

Elementary: Catholic
0.80 km
JK-8

Lansdowne Public School

Elementary: Public
0.57 km
JK-8

Alexander Public School

Elementary: Public
1.73 km
9-12

N'Swakamok Native Alternative School

Secondary: Public
0.77 km
9-12

Adult Day School

Secondary: Public
0.39 km
9-12

Marymount Academy Catholic School

Secondary: Catholic
0.52 km
9-12

École secondaire du Sacré-Coeur

Secondary: Catholic
0.70 km
9-12

Collège Notre-Dame

Secondary: Catholic
0.43 km
9-12

Sudbury Secondary School

Secondary: Public
0.40 km