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$639,900
Available - For Sale
Listing ID: X13246280
**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.
Price $639,900
Taxes: $6,775.81
Occupancy by: Tenant
Address: 612 Romaine Street , Peterborough, K9J 2E4, Peterborough
Directions/Cross Streets: Romaine St & Monaghan Rd
Rooms: 12
Rooms +: 4
Bedrooms: 7
Bedrooms +: 3
Washrooms: 5
Family Room: T
Basement: Full
Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 29.22 11.48 Window
Room 2: Main Dining Ro 13.48 8.76 Laminate, Window
Room 3: Main Kitchen 23.35 18.86 Centre Island, Family Size Kitchen, Window
Room 4: Main Bedroom 23.35 11.94 Separate Room, Side Door, Window
Room 5: Second Bedroom 24.40 11.51 4 Pc Bath, Laminate, Window
Room 6: Second Bedroom 13.02 11.55 Closet, Laminate, Window
Room 7: Second Bedroom 11.91 11.61 Closet, Laminate, Window
Room 8: Second Bedroom 17.55 9.32 Double Closet, Laminate, Window
Room 9: Second Sitting 11.22 7.12 Laminate, Window
Room 10: Second Living Ro 17.81 12.60 4 Pc Bath, Open Stairs, Window
Room 11: Second Bedroom 11.09 8.66 Closet, Laminate, Window
Room 12: Second Bedroom 15.58 11.09 Bay Window, Closet, Laminate
Room 13: Basement Bedroom 9.94 14.10 Closet, Laminate, Window
Room 14: Basement Bedroom 11.91 8.69 Closet, Laminate, Window
Room 15: Basement Bedroom 15.97 10.63 3 Pc Bath, Laminate, Window
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Second
Washroom 3:  4 Second
Washroom 4:  4 Second
Washroom 5:  3 Basement
Washroom 6:  4 Main
Washroom 7:  4 Second
Washroom 8:  4 Second
Washroom 9:  4 Second
Washroom 10:  3 Basement
Washroom 11:  4 Main
Washroom 12:  4 Second
Washroom 13:  4 Second
Washroom 14:  4 Second
Washroom 15:  3 Basement
Washroom 16:  4 Main
Washroom 17:  4 Second
Washroom 18:  4 Second
Washroom 19:  4 Second
Washroom 20:  3 Basement
Washroom 21:  4 Main
Washroom 22:  4 Second
Washroom 23:  4 Second
Washroom 24:  4 Second
Washroom 25:  3 Basement
Washroom 26:  4 Main
Washroom 27:  4 Second
Washroom 28:  4 Second
Washroom 29:  4 Second
Washroom 30:  3 Basement
Washroom 31:  4 Main
Washroom 32:  4 Second
Washroom 33:  4 Second
Washroom 34:  4 Second
Washroom 35:  3 Basement
Washroom 36:  4 Main
Washroom 37:  4 Second
Washroom 38:  4 Second
Washroom 39:  4 Second
Washroom 40:  3 Basement
Washroom 41:  4 Main
Washroom 42:  4 Second
Washroom 43:  4 Second
Washroom 44:  4 Second
Washroom 45:  3 Basement
Property Type: Detached
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: Built-In
(Parking/)Drive: Private Do
Drive Parking Spaces: 4
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Pool: None
Approximatly Square Footage: 3500-5000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Baseboard
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
Utilities-Hydro: Y
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Asking Price: $ Heating: $ /Year  
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EXP REALTY

612 Romaine Street , Peterborough, K9J 2E4, Peterborough

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Freehold - Detached
Area: Peterborough
Municipality: Peterborough
Neighbourhood: Otonabee Ward 1
Style: 2-Storey
Lot Size: x 83.88(Feet)
Approximate Age:
Tax: $6,775.81
Maintenance Fee: $0
Beds: 7+3
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949