612 Romaine Street, Peterborough, ON K9J 2E4
- $639,900
- 10
- BD
- 5
- BA
- 3,500
- SqFt
- List Price
- $639,900
- Price Change
- ▼ $20,000 1788043082
- MLS#
- X13246280
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- 2-Storey
- Bedrooms
- 10
- Bathrooms
- 5
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Peterborough
- Area
- Peterborough
- Neighborhood
- Otonabee Ward 1
- Subdivision
- Romaine St & Monaghan Rd
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.
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Additional Information
- Taxes
- $6,775
- Heat Type
- Baseboard
- Heat Source
- Electric
- Air Conditioning
- None
- Family Room
- Yes
- Kitchens
- 1
- Exterior
- Vinyl Siding
- Garage Spaces
- 2
- Garage Type
- Built-In
- Pool
- None
- Parking Spaces
- 6
- Parking Type
- Private Double
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Listing courtesy of EXP REALTY.