$699,000
$51K PRICE DROP

517 Canon Ave Manitou Springs, CO 80829

Estimated payment $4,018/month

Total Views 6,605
3 Beds
3 Baths
525 Sq Ft
$1,331 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Wood Siding
  • 1-Story Property

About This Home

Peace, Love & Profit in the Heart of Manitou Springs! Invest in a vibe AND a valuable asset. Welcome to Peace, Love, and Profit—a rare opportunity to own three fun and funky updated cottages in the iconic and artsy town of Manitou Springs. Whether you're looking to build wealth, create community, or simply live the Colorado dream, this property checks every box with charm, cash flow, and character. Each of the three cottages has been remodeled with modern updates, while preserving the eclectic soul that makes Manitou Springs magical. From new paint and fixtures to updated kitchens and baths, these cottages are turnkey and tenant-ready. Features You'll Love: Three Separate, Updated Units Proven Rental History with strong income 6 space Parking Lot—a true UNICORN in Manitou! Cozy layouts with loads of natural light and yards Washer/Dryer storage room Minutes from downtown Colorado Springs, An hour to Denver, an easy drive to Breckenridge, and of course- trails, restaurants & the incline!!! Live in one, rent the other two... lease all three... or transform them into your next investment opportunity! The flexibility is just as dreamy as the setting. Set against the backdrop of Pike’s Peak and nestled in the heart of one of Colorado’s most beloved towns, this is not just real estate—it’s a lifestyle portfolio. Don’t miss your chance to own a slice of peace, a whole lot of love, and a reliable stream of profit.

Listing Agent

Karen Schaefer

RE/MAX Properties Inc Brokerage Email: karen.schaefer@wesellmore.net,719-244-3420 License #100048759 Listed on: 06/13/2025

RE/MAX Properties Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,797

Year Built

  • Built in 1899

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Triplex
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 525 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Schools

  • Manitou Springs Elementary And Middle School
  • Manitou Springs High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Connected

Community Details

  • No Home Owners Association
  • The Peace Pad Community
  • Manitou Springs Subdivision

Listing and Financial Details

  • Exclusions: Tenants personal possessions, staging items
  • Assessor Parcel Number 74052-12-041

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,797

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Structure Type: Triplex
  • Levels: One
  • Building Name: The Peace Pad
  • Year Built: 1899
  • Above Grade Finished Sq Ft: 525
  • Exclusions: Tenants personal possessions, staging items
  • Living Area: 525
  • Directions: Manitou Ave., to Canon Ave., home on the left
  • SubdivisionName: Manitou Springs
  • Ownership: Agent Owner
  • Property Attached Yn: No
  • REC_RVSpaces: 0
  • Attribution Contact: karen.schaefer@wesellmore.net,719-244-3420
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Total Bedrooms: 3

Exterior Features

  • Roof: Composition
  • Construction Materials: Frame, Wood Siding

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 6
  • REC_ParkingCount: 1

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected
  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Electric, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Manitou Springs

Lot Info

  • Parcel Number: 74052-12-041
  • Lot Size Acres: 0.17
  • Building Area Total: 525
  • Lot Size Sq Ft: 7405.2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1797

MLS Schools

  • Elementary School: Manitou Springs
  • High School: Manitou Springs

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,797 $21,770 -- --
2024 $1,628 $28,240 $2,650 $25,590
2022 $1,294 $17,510 $2,500 $15,010
2021 $1,349 $18,010 $2,570 $15,440
2020 $1,182 $15,030 $2,150 $12,880
2019 $1,255 $15,030 $2,150 $12,880
2018 $879 $9,990 $1,660 $8,330
2017 $777 $9,990 $1,660 $8,330
2016 $715 $9,190 $1,110 $8,080
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 Price Changed $699,000 -6.8% $1,331 / Sq Ft
06/05/2025 06/05/25 For Sale $750,000 -- $1,429 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $405,000 Empire Title Co Springs Llc
Personal Reps Deed $280,000 North American Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $303,750 New Conventional
Previous Owner $180,000 New Conventional
Source: Public Records

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Source: REcolorado®

MLS Number: 4280690

REcolorado®

APN: 74052-12-041