612 ROMAINE STREET, Peterborough (Otonabee Ward 1)
10 BEDS · 5 BATHS · 3500 - 5000 sqft
$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.
General Info
| MLS Listing ID: X13246280 | Bedrooms: 10 | Bathrooms: 5 | Year Built: 0 |
| Listing Type: Single Family | Half Baths: N/A | Fireplace Fuel: N/A | Maintenance Fee: N/A |
| Foundation: Poured Concrete | Roof: N/A | Title To Land: Freehold | Parking Space Total: 6 |
| Parking: Garage | Heating: Baseboard heaters | Size: 3500 - 5000 sqft | Air Conditioning : None |
| Home Style: N/A | Finished Floor Area: Laminate | Fireplaces: N/A | Basement: Full (Finished) |
| Water Supply: Municipal water | Road Type: N/A | Pool Type: N/A |

































