524 Spence Street, Winnipeg

5A//Winnipeg/Turnkey investment in the heart of Winnipeg s growth corridor! THIS PROPERTY HOLDS OVER A 10% CAP RATE! Just steps from the University of Winnipeg, this licensed triplex is already generating over $3,300 a month with strong tenants in place. Three self-contained units bring in absolutely solid rents of $1,231, $1,045 and $1,117, delivering great cash flow from day one! Each unit includes a full kitchen and bathroom. Kitchens feature practical cabinet storage and white appliances (stove and fridge), with durable linoleum flooring — one unit even shows a retro black-and-white checkered floor while another has a tan patterned floor. Bathrooms are full tub/shower combos; photos show one unit with a glass sliding shower door and vanity, and another with a tub surround with built-in soap ledges. There is also usable closet/storage space off the rooms shown. This is a property built to perform, with upgrades including a high-efficiency furnace, doors and windows replaced in 2017, and shingles done about ten years ago. High efficiency furnace and newer eaves, fascia and soffits. The house is solid, the rents are strong, and the area is only getting better with constant demand from students, young professionals, and families. Basement/utility area photos show an accessible breaker/electrical panel on site. Whether you re adding to your portfolio or making your first move into income property, 524 Spence checks all the boxes: reliable tenants, great returns, and future upside in a neighbourhood on the rise. Don t miss this chance to secure a proven cash-flowing property in one of Winnipeg s most promising locations. (id:1945)