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For Sale - 612 Romaine Street, Peterborough, Ontario

612 Romaine Street

Peterborough , Ontario

10 5 $599,900

Est payment $2,881/mo

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Time on Jump 145 day

AI Summary *

Established student rental with 10 bedrooms and 5 bathrooms.
Current income of $6,600/month with only one room vacant.
Garage rental provides additional income potential.
Opportunity to increase income to $7,400/month when fully leased.
City rental license in place for hassle-free management.

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Purchase Price

Term

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Down Payment:
$ 29,995 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

**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.

Listing IDX13246280

Address612 Romaine Street

CityPeterborough, Ontario

Price$599,900

Bed / Bath10 / 5 Full

Style2-Storey, Detached

ConstructionVinyl Siding

Land Size0.17

TypeResidential

StatusFor Sale

Extras

Subtype DetachedIndoor Features In-Law Capability, Water HeaterOutdoor Features PorchOwnership FreeholdBasement Full, FinishedFoundation Poured ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

Market Info

Parking 6.00

Listing Brokerage: EXP REALTY

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Listing Brokerage: EXP REALTY

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For Sale - 612 Romaine Street, Peterborough, Ontario

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