Is My MLA a Landlord?

The ethics disclosure statement of Doyle Piwniuk, MLA for Turtle Mountain, is summarized as follows:

Assets of Doyle Piwniuk:

* Directorships/Offices: The position of President is held in both 5598525 Manitoba Ltd. and 621759 Manitoba Ltd.

* Interests in Private Corporations: An interest is held in 621759 MB Ltd. o/a MFS Enterprises, which owns three senior housing complexes. An interest is also held in 5598525 MB Ltd., a holding company.

Assets of Spouse:

* Directorships/Offices: The position of Secretary Treasurer is held in 5598525 Manitoba Ltd. and the position of Secretary is held in 621759 Manitoba Ltd.

* Real Property: Joint ownership of a condo in Winnipeg located at 1044 Wilkes Avenue.

* Interests in Private Corporations: An interest is held in 621759 MB Ltd. o/a MFS Enterprises, which owns three senior housing complexes. An interest is also held in 5598525 MB Ltd., a holding company.

Rental Properties and Rental Income:

* The corporation 621759 MB Ltd. o/a MFS Enterprises owns three senior housing complexes including a 22-plex in Virden, a 6-plex in Virden and two duplexes in Reston, MB. Rental income is generated from these 32 suites. The real property owned by the corporation is located at 428 and 430 5th Avenue, Reston, MB and 460 Frame Street, Virden, MB.

* Rental income is received from a vacation property.

Mortgages:

* A mortgage is held by Fusion Credit Union on the condo located at 1044 Wilkes Avenue in Winnipeg.

Affiliations:

* 621759 Manitoba Ltd. is affiliated with 5598525 Manitoba Ltd. and Roger Branum Construction, which owns 50% of the corporation.

* 5598525 Manitoba Ltd. has 50% ownership of 621759 Manitoba Ltd.

Liabilities:

* A mortgage is owed to Fusion Credit Union for the condo located at 1044 Wilkes Avenue in Winnipeg.