For Sale: 612 Romaine Street, Peterborough, ON - REW
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$639,900
7 + 3 bd • 5 ba • 3500 - 5000 sf • House
612 Romaine Street
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$639,900
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612 Romaine StreetPeterborough, ON, K9J 2E4

Otonabee
  • 7 + 3 Bed
  • 5 Bath
  • 3500 - 5000 Sqft
  • House

About this home

**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.
Listed by: James Kennedy, Salesperson, EXP REALTY

Home facts and features

Price details
List Price
$639,900
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Gross Taxes for 2025
$6,776
Home facts
Bedrooms
7 + 3
Full Bathrooms
5
Parking Spaces
6
Parking Details
Private Double
Property Type
House
Lot Size
68 ft x 83 ft (5703 ft²)
Depth
83.88
Frontage
68.0
Exterior Finish
Vinyl Siding
Heating Type
Baseboard, Electric
Basement Details
Full, Finished
Features
Porch
Community
Agent details
Primary Agent
James Kennedy
Primary Broker
EXP REALTY
Listing details
Days on REW
95 Days
Property Views
13
MLS® Number
X13246280
Source
Toronto Real Estate Board
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Property Insights

Keith Wightman Public School
  • Public
  • JK - 6
St. Alphonsus Catholic Elementary School
  • Catholic
  • JK - 8
Prince of Wales School
  • Public
  • JK - 8
ÉÉC Monseigneur-Jamot
  • Catholic
  • JK - 8
St. John Catholic Elementary School
  • Catholic
  • JK - 8
Kenner Collegiate
  • Public
  • 7 - 12
Roger Neilson Public School
  • Public
  • JK - 6
Queen Mary Public School
  • Public
  • JK - 8
Otonabee Valley Public School
  • Public
  • JK - 6
St. Peter Catholic Secondary School
  • Catholic
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
James Kennedy
Phone:
905-550-1115
Cell:
(905) 550-1115
Office:
866-530-7737
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