$659,900
7.08 BTC
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612 Romaine Street, Peterborough
$659,900
PRICE
7 + 3
BEDROOMS
5
BATHROOMS
X13246280
MLSID

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.
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Summary

Address
612 Romaine Street
MLSID
X13246280
Property Type
Detached
Property Category
Bedrooms
7 + 3
Bathrooms
5
Kitchens
1
Zoning
R1
Taxes (Annual)
$6,775.81
Tax Year
2025
Published
June 5, 2026
Days on Market
77 Days
Possession Type
Flexible
Possession Details
Flexible
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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

Details

Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Second Level
Bathroom 3
4-Piece Second Level
Bathroom 4
4-Piece Second Level
Bathroom 5
3-Piece Basement Level
Basement
Full, Finished
Exterior Features
Porch
Interior Features
In-Law Capability, Water Heater
Parking Spaces
4
Parking Total
6
Parking Features
Private Double
Architectural Style
2-Storey
Roof
Asphalt Rolled
Construction Materials
Vinyl Siding
Lot Size
0
Lot Width
68 Feet
Lot Depth
84 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Baseboard
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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