Living (3.5 × 8.91)
Window
Level: Main
612 Romaine St
Otonabee Ward 1, Peterborough, Ontario K9J 2E4
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13246280
- Board
- TRREB MLS®
- Days on market
- Tax
- $6,776
- Size
- 3500-5000 sqft
- Lot
- 68 × 83.88 Feet
- Parking
- 2 Built-In, 6 Parking
Listing History
Listing activity for 612 Romaine St, Peterborough, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $599,900 | N/A | Pc | X13246280 |
Property Details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Otonabee Ward 1
- Municipality
- Peterborough
Inside
- Bedrooms
- 7+3
- Bathrooms
- 5
- Bathroom Detail
- 1, 4pc, Main
- Bathroom Detail
- 1, 4pc, 2nd
- Bathroom Detail
- 1, 4pc, 2nd
- Bathroom Detail
- 1, 4pc, 2nd
- Bathroom Detail
- 1, 3pc, Bsmt
- Basement Type
- Full
- Kitchens
- 1
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Baseboard
Building
- Size
- 3500-5000 sqft
- Construction
- Vinyl Siding
Parking
- Driveway
- Pvt Double
- Garage Type
- Built-In
- Garage
- 2
- Add. Parking
- 4
- Total Parking
- 6
Land
- Sewer
- Sewers
- Lot Size
- 68 × 83.88 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Rolled
- Fireplace
- N
- Pool
- None
- Den
- Y
- Family room
- Y
- Extras
- 5 Refrigerators, 1 Freezer, 1 Stove, 1 Hood Range, 1 Wall Oven, 1 Dishwasher, 1 Washer, 1 Dryer, 2 Wall Mount A/C Unit, 2 Floor Model A/C Units, Central Vacuum, 1 Pool Table, Books & Book Shelves, Hot Water Tank Owned, All Inclusions Are Being Sold As-Is-Where-Is Condition
Rooms (16)
Dining (2.67 × 4.11)
Laminate · Window
Level: Main
Kitchen (5.75 × 7.12)
Centre Island · Family Size Kitchen · Window
Level: Main
Br (3.64 × 7.12)
Separate Rm · Side Door · Window
Level: Main
Br (3.51 × 7.44)
4 Pc Bath · Laminate · Window
Level: 2nd
Br (3.52 × 3.97)
Closet · Laminate · Window
Level: 2nd
Br (3.54 × 3.63)
Closet · Laminate · Window
Level: 2nd
Br (2.84 × 5.35)
Double Closet · Laminate · Window
Level: 2nd
Sitting (2.17 × 3.42)
Laminate · Window
Level: 2nd
Living (3.84 × 5.43)
4 Pc Bath · Open Stairs · Window
Level: 2nd
Br (2.64 × 3.38)
Closet · Laminate · Window
Level: 2nd
Br (3.38 × 4.75)
Bay Window · Closet · Laminate
Level: 2nd
Br (4.3 × 3.03)
Closet · Laminate · Window
Level: Bsmt
Br (2.65 × 3.63)
Closet · Laminate · Window
Level: Bsmt
Br (3.24 × 4.87)
3 Pc Bath · Laminate · Window
Level: Bsmt
Rec (5.02 × 6.41)
B/I Bookcase · Laminate
Level: Bsmt
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
14 records read 9 on record nearby 5 checked, none on recordRead 2026-11-07
Water and conservation
- No mapped wetland within 120 m
- 1 water-supply well recorded within 250 m15 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 5.7 m.
- Groundwater recorded about 3 m below ground nearbyThe middle water level in the well records within 500 m (95 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 5.9 km
Province of Ontario open data
Around the home
- Nearest rail line: 70 m
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Minute Maid Co. of Canada Inc. — THE MINUTE MAID COMPANY OF CANADA INC., 700 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Hydro One Networks Inc.
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion. Cable: Cogeco Connexion. DSL: Bell. Fixed wireless: Bell, Nexicom, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,750
- Down payment$119,980
- Mortgage amount$479,920
- Total interest$345,080
- Total cost$944,980
Cash flow analysis
$2,750
Total monthly payment
$3,315
Break-even down payment
100%
Cash flow-$3,315
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$599,900
$599,900
CAD
Estimate unavailable
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