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

Kelly Martindale

kellymartindale@live.com +1(905) 242-3747

$ 659,900

Est. payment | -/mo

7 Beds

5 Baths

Save

$ 659,900

Est. payment | -/mo

Save

7 Beds

5 Baths

Key Details

Property Type Single Family Home, freehold, residential

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 7

Annual Tax Amount $6,775

Tax Year 2025

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

Rooms

Family Room Yes

Basement Full, Finished

Kitchen 1

Separate Den/Office 3

Interior

Interior Features In-Law Capability, Water Heater

Cooling None

Fireplace No

Heat Source Electric

Exterior

Exterior Feature Porch

Parking Features Private Double

Garage Spaces 2.0

Pool None

Roof Type Asphalt Rolled

Lot Frontage 68.0

Lot Depth 83.88

Total Parking Spaces 6

Building

Foundation Poured Concrete

Others

ParcelsYN No

Listed by EXP REALTY

Schools and Properties Nearby

Kelly Martindale

Real Estate Agent

+1(905) 242-3747 | kellymartindale@live.com

612 Romaine ST Peterborough, ON K9J 2E4

Kelly Martindale

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Learn More About LPT Realty

612 Romaine ST