612 Romaine Street, Peterborough, ON K9J 2E4
Peterborough, ON, K9J 2E4 · Otonabee Ward 1
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.
Features & Amenities
- Basement: Full, Finished
- Garage: Built-In
- Cooling: None
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 2-Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | 2-Storey |
| Bedrooms | 10 |
| Bathrooms | 5 |
| Lot Size | 0 Feet |
| Basement | Full, Finished |
| Garage | Built-In |
| Parking Spaces | 4 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $6,776 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- In-Law Capability, Water Heater
Exterior Features
- Exterior Features
- Porch
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Poured Concrete
- Roof
- Asphalt Rolled
- Basement
- Full, Finished
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- None
Parking & Garage
- Garage Type
- Built-In
- Garage
- Yes
- Parking Spaces
- 4
- Parking Total
- 6.00
- Parking Features
- Private Double
- Covered Spaces
- 2
Lot & Land
- Lot Size Area
- 0.17
- Lot Size Units
- Feet
- Lot Depth
- 83.88
- Lot Width
- 68.00
Financial & Tax
- Tax Annual Amount
- $6,776
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 12
- Rooms Below Grade
- 4
- Kitchens Above Grade
- 1
- Kitchens Total
- 1
- Bedrooms Above Grade
- 7
- Bedrooms Below Grade
- 3
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- North
- County Or Parish
- Peterborough
- Cross Street
- Romaine St & Monaghan Rd
- Directions
- Lansdowne St W, North on Monaghan Rd, West on Romaine St
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
612 Romaine Street, Peterborough, ON K9J 2E4, Peterborough, ON, K9J 2E4