612 Romaine Street Peterborough, Ontario K9J 2E4

$659,900

**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:55460)

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 Ft2
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

https://www.realtor.ca/real-estate/29858725/612-romaine-street-peterborough-otonabee-ward-1-otonabee-ward-1