Property Details
612 ROMAINE STREET, Peterborough (Otonabee Ward 1), Ontario, K9J2E4
**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. A comprehensive **Investor Package** containing the current rent roll, operating expenses, income analysis, licensing documentation and insurance information is available upon request. 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. (id:2471)
BALL Real Estate Inc., Brokerage - Peterborough
- 705-768-6278
- 705-775-2255
- 705-651-0212
- sarah.evans23@icloud.com
- Property Address: 612 ROMAINE STREET, Peterborough (Otonabee Ward 1), Ontario, K9J2E4
- Community Name: Otonabee Ward 1
- Property Type: Single Family
- Zoning Description: R1
- Title: Freehold
- Lot Size: 68 x 83.9 FT
- Acreage: 68 x 83.9 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: Garage
- Total Parking Spaces: 6
- Structure Style: House
- Style: Detached
- Storeys: 2
- Floor Space: 3500 - 5000 sqft
- Bedrooms: 7 + 3
- Bathrooms: 5-Total
- Basement Type: Full (Finished)
- Heating Type: Electric, Baseboard heaters
- Cooling: None
- Exterior Type: Vinyl siding
- Flooring: Laminate
- Foundation Type: Poured Concrete
- Appliances Included: Water Heater, Central Vacuum, Dishwasher, Dryer, Freezer, Oven, Range, Stove, Washer, Refrigerator
- Structures: Porch
| Type | Level | Dimensions |
|---|---|---|
| Bedroom | Second level | 3.38 m x 2.64 m |
| Bedroom | Second level | 4.75 m x 3.38 m |
| Bedroom | Second level | 7.44 m x 3.51 m |
| Bedroom | Second level | 3.97 m x 3.52 m |
| Bedroom | Second level | 3.63 m x 3.54 m |
| Bedroom | Second level | 5.35 m x 2.84 m |
| Sitting room | Second level | 3.42 m x 2.17 m |
| Living room | Second level | 5.43 m x 3.84 m |
| Bedroom | Basement | 3.03 m x 4.3 m |
| Bedroom | Basement | 3.63 m x 2.65 m |
| Bedroom | Basement | 4.87 m x 3.24 m |
| Recreational, Games room | Basement | 6.41 m x 5.02 m |
| Living room | Main level | 8.91 m x 3.5 m |
| Dining room | Main level | 4.11 m x 2.67 m |
| Kitchen | Main level | 7.12 m x 5.75 m |
| Bedroom | Main level | 7.12 m x 3.64 m |
Listing Office: EXP REALTY
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