REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tyler Verheul

tyler@tylervproperties.ca +1(613) 797-0208

$639,900

Est. payment - /mo

10 Beds

5 Baths

7,405 Sqft Lot

Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Otonabee Ward 1

MLS Listing ID X13246280

Style 2-Storey

Bedrooms 10

Annual Tax Amount $6,775

Tax Year 2025

Lot Size 7,405 Sqft

Property Sub-Type Detached

Property Description

**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.

Location

Province ON

County Peterborough

Area Peterborough

Zoning R1

Rooms

Basement Full, Finished

Kitchen 1

Interior

Interior Features In-Law Capability, Water Heater

Cooling None

Inclusions 5 Refrigerators, 1 Freezer, 1 Stove, 1 Hood Range, 1 Wall Oven, 1 Dishwasher, 1 Washer, 1 Dryer, 2 Wall Mount A/C Unit, 2 Floor Model A/C Units, Central Vacuum, 1 Pool Table, Books & Book Shelves, Hot Water Tank Owned, All Inclusions Are Being Sold As-Is-Where-Is Condition

Exterior

Exterior Feature Porch

Parking Features Built-In

Garage Spaces 2.0

Pool None

Roof Type Asphalt Rolled

Total Parking Spaces 6

Building

Foundation Poured Concrete

Read Less Info

Lited by EXP REALTY

Schools and Properties Nearby

More buyers are choosing LPT Realty for one simple reason — results. With a focus on personalized service, expert guidance, and a modern approach to real estate, we make every step of the process smooth, smart, and stress-free. Discover what sets us apart.

+1(613) 797-0208

tyler@tylervproperties.ca

Learn More About LPT Realty

QUICK SEARCH

612 Romaine ST Peterborough, ON K9J 2E4