525 Spence Street

Multi-Family for Sale
Catylist Listing ID: 30789167
Number of Units: 6 Units
Building Size (RSF): 4,302 SF
Gross Building Area: See Agent
Gross Land Area: 6,696 SF
Sale Price: $679,900
Unit Price: $113,316.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/6/2022

Overview / Comments

Small apartment block - 6 units rarely available! This block was converted into condos in 2011 so much of the building is upgraded. 4 forced air furnaces. Potential to add suite in basement (buyer to do their own enquiries). Owner is selling all 6 condo units. Great opportunity located close to the U of W. Large 54 x 124 foot lot that can fit 6-8 car parking to rent out to University students. 2 - 3 bedroom units, 2 - 2 bedroom units and 2 - 1 bedroom units. Tenants pay hydro. Good rental location.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Tax ID/APN: 13099069000
Zoning: R2
Parking Type: Surface
Parking Description: 6-8
Laundry: Shared

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Photograph of Listing Agent

Frank Zappia

Zappia Group Realty Ltd.
CPIX® Member
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