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Home MB Greater Winnipeg Division No. 11 Winnipeg Spence
590 Spence Street
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590 Spence Street $249,900
$249,900
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590 Spence Street
Winnipeg, Manitoba R3B2S1

MLS® Number: 202500052
0
Bathrooms
-
Square Feet

Listing Description

5A//Winnipeg/Do you like making money? ASK FOR PROFORMA - $44,172 NET . Potential for $50,772 NET . This highly profitable, self-sufficient, fully licensed investment property in the West End, just mins from the University of Winnipeg, might be exactly what you re looking for. With 7 units and a reliable live-in caretaker already in place, this is truly a hands-off ownership opportunity. Current caretaker is a jack-of-all-trades who takes immense pride in the property, its tenants, & the neighbourhood. They're responsible for rent collection, tenant sourcing, evictions, day-to-day repairs & maintenance, successful fire safety inspections, & more (and would like to stay). Each unit has its own kitchenette, with shared bathrooms. Plus a 3 bed, 1 bath separate caretaker suite. Backyard is fenced with a secure, gated parking area. The existing tenants have been carefully selected, resulting in a respectful and safe living environment. Recent upgrades incl furnace (25) & 60-gallon water tank (22), both with transferrable parts warranties. If you're looking for a cash-flowing property with a trusted caretaker and a proven track record, this one delivers. Seller open to vendor financing for the right buyer. (231334043)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Title
Freehold
Land Size
49 x 92
Built in
1903
Annual Property Taxes
$2,926.18
Parking Type
Parking Pad
Time on REALTOR.ca
97 days

Building

Bathrooms
Total
0
Heating & Cooling
Heating Type
Forced air
Parking
Parking Type
Parking Pad

Land

Lot Features
Frontage
49 ft
Land Depth
92 ft
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