590 Spence Street

5A Winnipeg R3B 2S1

Do you like making money? - $46,320 GROSS, 10.82% CAP. Potential for $52,920 GROSS. 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.