612 Romaine Street,Peterborough, ON K9J 2E4
Peterborough, ON K9J 2E4
Description
**LICENSED STUDENT RENTAL INVESTMENT - 10 BEDROOMS + GARAGE INCOME** Excellent investment opportunity at 612 Romaine Street. This established Peterborough student rental features ** 10 rentable bedrooms, 5 bathrooms, additional garage income and a City of Peterborough Rental Dwelling Large licence currently in place. **Current rental income is **$6,600/month with only one bedroom vacant**. Leasing the vacant room at the anticipated $800/month would increase potential income to approximately **$7,400/month or $88,800 annually**, based on the existing rent structure. **INVESTMENT HIGHLIGHTS: *10 rentable bedrooms, *5 bathrooms, *Garage rental income, *$6,600/month current income, *Only 1 bedroom currently vacant, *$7,400/month potential at full occupancy, *$88,800 potential annual gross income, *City of Peterborough rental licence, *Professional property management in place, *Current student-rental insurance quote available, *Multiple parking spaces. At **$659,900**, this property offers an attractive opportunity for investors seeking established student housing or an addition to an existing rental portfolio. An established income-producing property with **10 bedroom revenue streams, additional garage income and immediate upside from filling the single vacancy. **All income, expenses, licensing and investment information should be independently verified by the purchaser.
Details
| MLS # | X13246280 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Price Change |
| Year | 0 |
| Days On Site | 158 |
| Listing Provided By | EXP REALTY | X13246280 285400 |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 5 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.13 |
Interior
| Interior Features | In-Law Capability, Water Heater |
|---|---|
| Cooling | None |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Porch |
|---|---|
| Roof | Asphalt Rolled |
| Foundation Details | Poured Concrete |
| Construction Materials | Vinyl Siding |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private Double |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6775.81 |
|---|---|
| Tax Legal Description | PT LT 4 PL 50Q, NORTH MONAGHAN, PT 2 45R10344 ; PETERBOROUGH |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Peterborough |
| City | Peterborough |
| Postal Code | K9J 2E4 |
| Area | Otonabee Ward 1 |
| Listing VS Median (in K9J 2E4) | |
Price: $599,900 low | high Med: $0 On site: 158 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Peterborough |
| City | Peterborough |
| Postal Code | K9J 2E4 |
| Area | Otonabee Ward 1 |
| Listing VS Median (in K9J 2E4) | |
Price: $599,900 low | high Med: $0 On site: 158 low | high Med: | |
