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590 Spence Street, Winnipeg, Manitoba, R3B 2S1

MLS® # 202600079
Investment For Sale In Spence, Winnipeg, Manitoba
$249,900
590 Spence Street, Winnipeg, MB - Outdoor
590 Spence Street, Winnipeg, MB - Outdoor
590 Spence Street, Winnipeg, MB - Other
590 Spence Street, Winnipeg, MB - Other
590 Spence Street, Winnipeg, MB - Outdoor With Exterior
590 Spence Street, Winnipeg, MB - Outdoor With Exterior
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Other Room
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Other Room
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Bedroom
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Bathroom
590 Spence Street, Winnipeg, MB - Indoor
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Bedroom
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Bedroom
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Other Room
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Kitchen
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Basement
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Basement
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Basement
590 Spence Street, Winnipeg, MB - Outdoor
590 Spence Street, Winnipeg, MB - Outdoor
590 Spence Street, Winnipeg, MB - Other
590 Spence Street, Winnipeg, MB - Other
590 Spence Street, Winnipeg, MB - Outdoor With Exterior
590 Spence Street, Winnipeg, MB - Outdoor With Exterior
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Other Room
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Other Room
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Bedroom
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Bathroom
590 Spence Street, Winnipeg, MB - Indoor
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Bedroom
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Bedroom
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Other Room
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Kitchen
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Basement
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Basement
590 Spence Street, Winnipeg, MB - Indoor Photo Showing Basement
  • Advertising
590 Spence Street, Winnipeg, Manitoba, R3B 2S1
$249,900

Property Information:

5A//Winnipeg/Do you like making money? - $45,120 NET 8.8% CAP. Potential for $51,720 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 2 year 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 Feet
  • Lot Frontage: 49 Feet
  • Lot Size: 49 x 92
  • Parking Type: Parking pad

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Market Price Trends

Single family detached

12.59%

Price change (1 year)

32.53%

Price change (5 years)

All Properties

12.23%

Price change (1 year)

32.12%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

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

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