612 ROMAINE STREET
Peterborough (Otonabee Ward 1), Ontario
MLS® X13246280
$639,900
- Status
- Active
- Property type
- House
- MLS® number
- X13246280
- Bedrooms
- 10
- Bathrooms
- 5
- Year built
- —
1 / 32Listing 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.
Property summary
- MLS® number
- X13246280
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 68 x 83.9 FT
- Annual property taxes
- $6,775.81
- Parking
- 6 spaces · Garage
- Days on market
- 90 days
Features & details
- Heating
- Baseboard heaters, Electric
- Cooling
- None
- Basement
- Finished, Full
- Flooring
- Laminate
- Appliances
- Washer, Refrigerator, Central Vacuum, Dishwasher, Stove, Range, Oven, Dryer, Freezer, Water Heater
- Exterior features
- Vinyl siding
What would this home cost you?
Based on the $639,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.