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$249,900

Winnipeg MB, R3B 2S1

MLS® # 202500052

Property Information:

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. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Heating Type: Forced air

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Built in: 1903
  • Irregular: Yes
  • Lot Depth: 92.0 Feet
  • Lot Frontage: 49.0 Feet
  • Lot Size: 49 x 92
  • Parking Type: Parking pad

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 590 Spence Street, Winnipeg, Manitoba, R3B 2S1

Demographic Information of 590 Spence Street, Winnipeg, Manitoba, R3B 2S1

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$67,846.29

Average Number of Children

1.96

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

29.89 %

High school certificate or equivalent

35.76 %

Apprenticeship trade certificate/diploma

7.88 %

College/non-university certificate

13.13 %

University certificate (below bachelor)

0.55 %

University Degree

12.8 %

Commuter

Travel To Work

By Car

58.88 %

By Public Transit

27.18 %

By Walking

12.6 %

By Bicycle

0.44 %

By Other Methods

0.9 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

61.39 %

Houses

38.61 %

Own Vs. Rent