My Office Listings
590 Spence Street
5A
Winnipeg
R3B 2S1
$249,900
Industrial / Commercial / Investment
- Status:
- Active
- Prop. Type:
- Industrial / Commercial / Investment
- MLS® Num:
- 202500052
- Build. Type:
- Freestanding
- Photos (17)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
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:
- 92'28 m
- Frontage:
- 49'14.9 m
- Building Area:
- 2,305 sq. ft.214 m2
- 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
Larger map options:
Listed by Jayesh Guliani of Royal LePage Prime Real Estate
Data was last updated October 20, 2025 at 02:35 AM (UTC)
- DARRYL WALSH
- ROYAL LEPAGE PRIME REAL ESTATE
- 204-297-0860
- darrylwalsh@royallepage.ca
The listing information is provided by Winnipeg Real Estate Board and is deemed
reliable but is not guaranteed to be accurate.