$ 639,900

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. (id:1945)
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Property details for 612 Romaine Street, Peterborough

Type
Residential
Bedrooms
10
Bathrooms
5
Lot Size
68 x 83.9 FT
Stories
2
Basement
Finished, Full
Parking
Garage
Heating
Baseboard heaters, Electric
Cooling
None
Exterior
Vinyl siding
Ownership
Freehold
Annual Taxes
$6,776

Nearby Listings Stat

Estimated price and comparable properties near 612 Romaine Street

Active Listings
1
Min Price
$639,900
Max Price
$639,900
Avg Price
$639,900
Days on Market
115
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days

Price History

Listed
June 5, 2026
by EXP REALTY
Current Price
$639,900
-3% from last change
Type
Residential
For Sale
Price Changes
3
Date Price Change
Current $639,900 $20,000 (-3%)
Aug 29, 2026 $659,900 $20,000 (-2.9%)
Jun 30, 2026 $679,900 $45,099 (-6.2%)
Jun 5, 2026 $724,999 Listed

Contact Agent Get in touch about 612 Romaine Street, Peterborough

JAMES KENNEDY
EXP REALTY