Peterborough (Otonabee Ward 1), ON
612 ROMAINE STREET
$599,900
Listed by
EXP REALTY
JAMES KENNEDY, Salesperson
Data last updated Oct 21, 2026, 10:30 a.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $599,900
- Type
- Detached
- Bedrooms
- 10
- Bathrooms
- 5
- MLS®
- X13246280
- Status
- active
- Brokerage
- EXP REALTY
About this home
Description provided by the listing brokerage
**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.