32
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$599,900
Est. payment /mo
10 Beds
5 Baths
Price Dropped by $40K
612 ROMAINE STREET Peterborough, ON K9J2E4
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Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500 - 5000
Subdivision Otonabee Ward 1
MLS® Listing ID X13246280
Bedrooms 10
Property Sub-Type Freehold
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:24570)
Location
Province ON
Rooms
Kitchen 1.0
Extra Room 1 Second level 3.38 m X 2.64 m Bedroom
Extra Room 2 Second level 4.75 m X 3.38 m Bedroom
Extra Room 3 Second level 7.44 m X 3.51 m Bedroom
Extra Room 4 Second level 3.97 m X 3.52 m Bedroom
Extra Room 5 Second level 3.63 m X 3.54 m Bedroom
Extra Room 6 Second level 5.35 m X 2.84 m Bedroom
Interior
Heating Baseboard heaters
Cooling None
Flooring Laminate
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 6
Garage Yes
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Ownership Freehold
Listed by EXP REALTY