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About this home
612 Romaine Street, Peterborough
**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.
Facts & features
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Rooms
16 rooms · 5 bathrooms
- Bedroom23′4″ × 11′11″279 sq.ft.
- Kitchen23′4″ × 18′10″441 sq.ft.
- Dining room13′6″ × 8′9″118 sq.ft.
- Living room29′3″ × 11′6″336 sq.ft.
- Bedroom11′11″ × 11′7″138 sq.ft.
- Bedroom17′7″ × 9′4″164 sq.ft.
- Sitting11′3″ × 7′1″80 sq.ft.
- Bedroom11′1″ × 8′8″96 sq.ft.
- Bedroom15′7″ × 11′1″173 sq.ft.
- Bedroom24′5″ × 11′6″281 sq.ft.
- Bedroom13′ × 11′7″150 sq.ft.
- Living room17′10″ × 12′7″224 sq.ft.
- Bedroom9′11″ × 14′1″140 sq.ft.
- Bedroom11′11″ × 8′8″104 sq.ft.
- Bedroom16′ × 10′8″170 sq.ft.
- Recreation21′ × 16′6″346 sq.ft.
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