Address
612 Romaine Street, Peterborough (Otonabee Ward 1), ON
Price
$ 639,900
Property Attributes
- ID#X13246280
- TypeSingle Family
- Listing Status Active
- MunicipalityPeterborough (Otonabee Ward 1)
- CityPeterborough (Otonabee Ward 1)
- AreaOtonabee Ward 1
- NeighbourhoodOtonabee Ward 1
- Postal CodeK9J 2E4
- Style
- Price$ 639,900
- Bedrooms7+3
- Bathrooms5
- Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description
**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. (id:7434)
General Features
| Property Type | Single Family |
|---|---|
| Zoning Description | R1 |
| CommunityName | Otonabee Ward 1 |
| Building Appliances | Water Heater, Central Vacuum, Dishwasher, Dryer, Freezer, Oven, Range, Stove, Washer, Refrigerator |
| Building Cooling Type | None |
| Location Description | Cross Streets: Romaine St & Monaghan Rd. ** Directions: Lansdowne St W, North on Monaghan Rd, West on Romaine St. |
| Parking Space Total | 6 |
| Foundation Type | Poured Concrete |
| Building Type | House |
| Ownership Type | Freehold |
| Building.StoriesTotal | 2 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Baseboard heaters |
| Building Heating Fuel | Electric |
| Basement Development | Finished |
| Basement Type | Full (Finished) |
| Construction Style Attachment | Detached |
| Flooring Type | Laminate |
| Living Area Range | 3500 |
| Bedrooms | 7+3 |
Exterior Features
| Structure | Porch |
|---|---|
| Sewer | Sanitary sewer |
| Exterior Finish | Vinyl siding |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bedroom | 7.12 m x 3.64 m | Main level | 3.64 m | |
| Dining room | 4.11 m x 2.67 m | Main level | 2.67 m | |
| Kitchen | 7.12 m x 5.75 m | Main level | 5.75 m | |
| Living room | 8.91 m x 3.5 m | Main level | 3.5 m | |
| Recreational, Games room | 6.41 m x 5.02 m | Basement | 5.02 m | |
| Sitting room | 3.42 m x 2.17 m | Second level | 2.17 m |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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EASY LIST REALTY LTD.
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
