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517 Canon Avenue, Manitou Springs, CO, 80829

Image Count: 20

$699,000

  • Highlights
  • Open House — Income
  • House W/Cottage
  • 517 Canon Avenue, Manitou Springs, CO, 80829 listed by Karen Schaefer
  • Active
  • MLS#: 1733127
  • Tour #1
  • View on Map
Space maker
Open House - Public: 11:00-2:00, 7/12/2025

Property Description

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.

Property Listed By

Picture of REALTOR Listing Property
  • Karen Schaefer
  • 0243-442-917  Call the Agent 
Picture of Office Listing Property
  • RE/MAX Properties Inc.
  • 0009-075-917  Call the Agent 

Property Details

    General Features

  • Property Type: House W/Cottage
  • Year Built: 1899
  • County: El Paso
  • School District: Manitou Springs-14
  • List Price: $699,000

    Unit Information

    Beds Baths Parking Rent SqFt
    1 1 $1,350 525
    1 1 $1,175 420
    1 1 $1,350 455
  • Total Units: 3
  • Other Rentable Space: 6 parking spots in parking lot

    Structure

  • Foundation: Slab
  • Structure: Frame
  • Construction Status: Existing
  • Siding: Wood
  • Window Type: Fiberglass
  • Fence: Rear
  • Fence: Rear

    Features

  • Heating: Baseboard, Electric, Natural Gas, Wall Furnace
  • Laundry: Electric Hook-up
  • Appliances: 220v in Kitchen, Dryer, Range, Refrigerator, Washer

    Taxes, Utilities, Lot

  • Tax: $1,797
  • Lot Size: 0.17 Acres, 7,483 SqFt
  • Appliances: 220v in Kitchen, Dryer, Range, Refrigerator, Washer
  • Laundry: Electric Hook-up
  • Heating: Baseboard, Electric, Natural Gas, Wall Furnace
  • Existing Water: Municipal
  • Existing Utilities: Electricity Connected, Natural Gas Connected
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          The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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          517 Canon Avenue, Manitou Springs, CO, 80829

          Image 1 of 20: So cute you could pinch their cheeks...or in this case, their doors!

          So cute you could pinch their cheeks...or in this case, their doors!

          Image 2 of 20: 3 investment cottages plus a 6 car driveway in the heart of Manitou Springs

          3 investment cottages plus a 6 car driveway in the heart of Manitou Springs!

          Image 3 of 20: 517- with a private parking space next to this property.

          517- with a private parking space next to this property.

          Image 4 of 20: 519- Such a perfect place!

          519- Such a perfect place!

          Image 5 of 20: 521- Great rental with lots of updates!

          521- Great rental with lots of updates!

          Image 6 of 20: A private

          A private 'backyard' for each tenant and a shared laundry room.

          Image 7 of 20: Private area in the rear of each unit.

          Private area in the rear of each unit.

          Image 8 of 20: Big, open front living space with extra windows for plenty of light

          Big, open front living space with extra windows for plenty of light

          Image 9 of 20: Front room leads directly into the kitchen

          Front room leads directly into the kitchen

          Image 10 of 20: Such a cute kitchen! New cabinets, counters, sink, faucet and backsplash!

          Such a cute kitchen! New cabinets, counters, sink, faucet and backsplash!

          Image 11 of 20: Plenty of room for prep and dining!

          Plenty of room for prep and dining!

          Image 12 of 20: 3/4 bath, just off the bedroom

          3/4 bath, just off the bedroom

          Image 13 of 20: Newly updated shower and bathroom overall

          Newly updated shower and bathroom overall

          Image 14 of 20: Bedroom area with wardrobe

          Bedroom area with wardrobe

          Image 15 of 20: Plenty of room for prep and dining!

          Plenty of room for prep and dining!

          Image 16 of 20: Great for additional income!

          Great for additional income!

          Image 17 of 20: Keep one for yourself and rent the other two...or optimize your investment

          Keep one for yourself and rent the other two...or optimize your investment by renting all 3!

          Image 18 of 20: Well maintained, great rental history, in the heart of Manitou Springs!

          Well maintained, great rental history, in the heart of Manitou Springs!

          Image 19 of 20: All 3 have been updated!

          All 3 have been updated!

          Image 20 of 20: Manitou Springs Unicorn!

          Manitou Springs Unicorn!

          Disclaimer: The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.