590 Spence Street
Winnipeg R3B 2S1

$249,900
Multi-family baths: 0.0 built: 1903

Main Photo: 590 Spence Street in Winnipeg: Multi-family for sale : MLS®# 202500052
Photo 1: 590 Spence Street in Winnipeg: Multi-family for sale : MLS®# 202500052
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
202500052
Year Built:
1903
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. (id:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Property Attached:
Yes
Taxes:
$2,926.18 / 2025
Structure Type:
Multi-Family
Bathrooms:
0.0
Fireplace:
No
Heating:
Forced air
Lot Frontage:
49'
Lot Details:
49 x 92
Parking:
Parking Pad
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Listed by Royal LePage Prime Real Estate
Data was last updated September 14, 2025 at 12:45 AM (UTC)
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