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590 Spence Street
5A Winnipeg R3B 2S1

$249,900
Industrial / Commercial / Investment

Main Photo: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 1: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 2: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 3: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 4: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 5: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 6: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 7: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 8: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 9: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 10: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 11: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 12: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 13: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 14: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 15: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 16: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Photo 17: 590 Spence Street in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS®# 202500052
Status:
Active
Prop. Type:
Industrial / Commercial / Investment
MLS® Num:
202500052
Build. Type:
Freestanding
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.
5A / -
For Sale:
Yes
For Lease:
No
Property Type:
Industrial / Commercial / Investment
Property Sub Type:
Multi-Family for Sale
Building type:
Freestanding
Year Built:
1903 (Age: 122)
Age Description:
Older
Depth:
92'
Frontage:
49'
Building Area:
2,305 sq. ft.
Heating:
Forced Air
Parking:
Parking Pad
Construction:
Wood Frame
Downtown, Fenced, Public Transportation, Shopping Centre
1 or More Washrooms, Fire Alarm, Natural Light, Property Manager, Shared Bathrooms
Fully Serviced
Real Estate Taxes:
2926.0
Gross Income:
44172.0
Insurance expenses:
5120.0
Title to Land:
Freehold
Pro Forma:
Yes
Number of suites:
7
Bachelor Units:
6
3-Bedroom Units:
1
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Listed by Jayesh Guliani of Royal LePage Prime Real Estate
Data was last updated October 20, 2025 at 02:35 AM (UTC)
DARRYL WALSH