454 Melvin Avenue
Sudbury, Ontario
Multi-family
Looking to expand your investment portfolio or live in one unit while generating rental income? This 5-unit building is made up of 2 one-bedroom units, 1 two-bedroom unit, 2 bachelor-units and offers a fantastic opportunity with two vacant units ready for immediate occupancy, allowing you to set current market rents. With strong cap rate potential, plenty of parking, and convenient access to a public bus route, this property is ideally located close to schools, shopping, and downtown amenities.
Price History
Schools
Elementary
- École élémentaire Saint-Joseph0.2 km
French Catholic · CSDC du Nouvel-Ontario · 75 students
Grade 3 reading: 100% met the provincial standard
- Queen Elizabeth II Public School0.4 km
Public · Rainbow DSB · 185 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 21% met the provincial standard
- Marymount Elementary Academy0.8 km
Catholic · Sudbury CDSB · 190 students
Secondary
- Collège Notre-Dame0.6 km
French Catholic · CSDC du Nouvel-Ontario · 345 students
Grade 10 literacy: 96% met the provincial standard
- Sudbury Secondary School0.7 km
Public · Rainbow DSB · 515 students
Grade 10 literacy: 78% met the provincial standard
- Adult Day School0.7 km
Public · Rainbow DSB · 95 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area P3C
- Population
- 17,596
- Private dwellings
- 10,143
- Median age
- 38
- Average household size
- 1.9
- Median household income
- $54,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Sudbury · last 12 months
- Median sold price
- $0
- Homes sold
- 0
- Median days on market
- 0
- Sale-to-list price
- 0.0%
Based on 0 recorded sales of multi-family properties in Sudbury over the last 12 months.
Location
Mortgage Calculator
$76,000
Estimated Monthly Payment
$1,867
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,867/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $95/mo
Estimates only. Consult a financial advisor.
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