612 Romaine Street, Peterborough, ON K9J 2E4
Peterborough, ON K9J 2E4
About this property
**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.
Property facts & features
- Property type
- Detached
- MLS® number
- X13246280
- Source status
- Price Change
- Bedrooms
- 10
- Bathrooms
- 5
- Reported interior area
- Not provided
- Neighbourhood
- Not provided
- Postal code
- K9J 2E4
- Parking spaces
- 6
- Garage
- Built-In
- Lot depth (source units)
- 83.88
- Annual property tax
- 6775.81
- Basement
- Full, Finished
- Laundry
- Not provided
- Interior features
- In-Law Capability, Water Heater
- Exterior features
- Porch
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
Price Change · $599,900
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Peterborough →Listing brokerage: EXP REALTY. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13246280. Information deemed reliable but not guaranteed.