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MLS® X13246280
Peterborough, ON
**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.
Inclusions
5 Refrigerators, 1 Freezer, 1 Stove, 1 Hood Range, 1 Wall Oven, 1 Dishwasher, 1 Washer, 1 Dryer, 2 Wall Mount A/C Unit, 2 Floor Model A/C Units, Central Vacuum, 1 Pool Table, Books & Book Shelves, Hot Water Tank Owned, All Inclusions Are Being Sold As-Is-Where-Is Condition
Exclusions
Tenant Belongings
Broker
EXP REALTY
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Detached
612 Romaine Street Peterborough
Peterborough
Type
Detached
Basement
Full, Finished
Parking
Built-In (6)
Property Tax
~$6,776/yr
Heating
Baseboard
Buying Essentials
Square Feet
4250 sqft
Facing Direction
North
Parking
Built-In (6)
Finances
List Price
$599,900
Price per SQFT
$141/sqft
Property Tax
~$6,776/yr
Property Specs
Property Type
Detached
MLS Size
4250 sqft
Basement
Full, Finished
Living & Amenities
Heating Type
Baseboard
Features
In-Law Capability · Water Heater
Policies & Utilities
Neighbourhood
Peterborough
Listed On
Jun 5, 2026
Days on Market
Current: 155 days
Window
29.2 x 11.5
336 sqft
Laminate, Window
13.5 x 8.8
118 sqft
Centre Island, Family Size Kitchen, Window
23.4 x 18.9
441 sqft
Separate Room, Side Door, Window
23.4 x 11.9
279 sqft
4 Pc Bath, Laminate, Window
24.4 x 11.5
281 sqft
Closet, Laminate, Window
13.0 x 11.5
150 sqft
Closet, Laminate, Window
11.9 x 11.6
138 sqft
Double Closet, Laminate, Window
17.6 x 9.3
164 sqft
Laminate, Window
11.2 x 7.1
80 sqft
4 Pc Bath, Open Stairs, Window
17.8 x 12.6
224 sqft
Closet, Laminate, Window
11.1 x 8.7
96 sqft
Bay Window, Closet, Laminate
15.6 x 11.1
173 sqft
Closet, Laminate, Window
9.9 x 14.1
140 sqft
Closet, Laminate, Window
11.9 x 8.7
104 sqft
3 Pc Bath, Laminate, Window
16.0 x 10.6
170 sqft
B/I Bookcase, Laminate
21.0 x 16.5
346 sqft
Rooms
16
Listed Room Area
3,240 sqft
Source
Estimated from MLS room dimensions
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