612 Romaine Street Peterborough, Ontario K9J 2E4
$599,900
**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. (id:61015)
Property Details
| MLS® Number | X13246280 |
| Property Type | Single Family |
| Community Name | Otonabee Ward 1 |
| Parking Space Total | 6 |
| Structure | Porch |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 7 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 10 |
| Appliances | Water Heater, Central Vacuum, Dishwasher, Dryer, Freezer, Oven, Range, Stove, Washer, Refrigerator |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Flooring Type | Laminate |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 83 Ft ,10 In |
| Size Frontage | 68 Ft |
| Size Irregular | 68 X 83.9 Ft |
| Size Total Text | 68 X 83.9 Ft |
| Zoning Description | R1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.38 m | 2.64 m | 3.38 m x 2.64 m |
| Second Level | Bedroom | 4.75 m | 3.38 m | 4.75 m x 3.38 m |
| Second Level | Bedroom | 7.44 m | 3.51 m | 7.44 m x 3.51 m |
| Second Level | Bedroom | 3.97 m | 3.52 m | 3.97 m x 3.52 m |
| Second Level | Bedroom | 3.63 m | 3.54 m | 3.63 m x 3.54 m |
| Second Level | Bedroom | 5.35 m | 2.84 m | 5.35 m x 2.84 m |
| Second Level | Sitting Room | 3.42 m | 2.17 m | 3.42 m x 2.17 m |
| Second Level | Living Room | 5.43 m | 3.84 m | 5.43 m x 3.84 m |
| Basement | Bedroom | 3.03 m | 4.3 m | 3.03 m x 4.3 m |
| Basement | Bedroom | 3.63 m | 2.65 m | 3.63 m x 2.65 m |
| Basement | Bedroom | 4.87 m | 3.24 m | 4.87 m x 3.24 m |
| Basement | Recreational, Games Room | 6.41 m | 5.02 m | 6.41 m x 5.02 m |
| Main Level | Living Room | 8.91 m | 3.5 m | 8.91 m x 3.5 m |
| Main Level | Dining Room | 4.11 m | 2.67 m | 4.11 m x 2.67 m |
| Main Level | Kitchen | 7.12 m | 5.75 m | 7.12 m x 5.75 m |
| Main Level | Bedroom | 7.12 m | 3.64 m | 7.12 m x 3.64 m |
Utilities
| Electricity | Installed |
| Sewer | Installed |
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October 09 2026 07:07:18
Toronto Regional Real Estate Board
Exp Realty