Vishal Sharma
Broker
$659,900
Available - For Sale
Listing ID: X13246280
612 Romaine Street , Peterborough, K9J 2E4, 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. |
| Price | $659,900 |
| Taxes: | $6775.81 |
| Occupancy: | Tenant |
| Address: | 612 Romaine Street , Peterborough, K9J 2E4, Peterborough |
| Directions/Cross Streets: | Romaine St & Monaghan Rd |
| Rooms: | 12 |
| Rooms +: | 4 |
| Bedrooms: | 7 |
| Bedrooms +: | 3 |
| 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 | 24.4 | 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 | 12.6 | 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 | 14.1 | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Second |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 4 | Second |
| Washroom Type 5 | 3 | Basement |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 4 | Second |
| Washroom Type 8 | 4 | Second |
| Washroom Type 9 | 4 | Second |
| Washroom Type 10 | 3 | Basement |
| Washroom Type 11 | 4 | Main |
| Washroom Type 12 | 4 | Second |
| Washroom Type 13 | 4 | Second |
| Washroom Type 14 | 4 | Second |
| Washroom Type 15 | 3 | Basement |
| Washroom Type 16 | 4 | Main |
| Washroom Type 17 | 4 | Second |
| Washroom Type 18 | 4 | Second |
| Washroom Type 19 | 4 | Second |
| Washroom Type 20 | 3 | Basement |
| Washroom Type 21 | 4 | Main |
| Washroom Type 22 | 4 | Second |
| Washroom Type 23 | 4 | Second |
| Washroom Type 24 | 4 | Second |
| Washroom Type 25 | 3 | Basement |
| Washroom Type 26 | 4 | Main |
| Washroom Type 27 | 4 | Second |
| Washroom Type 28 | 4 | Second |
| Washroom Type 29 | 4 | Second |
| Washroom Type 30 | 3 | Basement |
| Washroom Type 31 | 4 | Main |
| Washroom Type 32 | 4 | Second |
| Washroom Type 33 | 4 | Second |
| Washroom Type 34 | 4 | Second |
| Washroom Type 35 | 3 | Basement |
| Total Area: | 0.00 |
| 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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Vishal Sharma
Broker
Dir:
416-627-6612
Bus:
905-673-8500
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Peterborough |
| Municipality: | Peterborough |
| Neighbourhood: | Otonabee Ward 1 |
| Style: | 2-Storey |
| Tax: | $6,775.81 |
| Beds: | 7+3 |
| Baths: | 5 |
| Fireplace: | N |
| Pool: | None |
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