Salehian.com 647-325-5000

612 Romaine Street

Otonabee Ward 1, Peterborough, K9J 2E4

$599,900

Reduced $80,000 from $679,900

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  • 7+3 bedrooms
  • 5 bathrooms
  • 6 parking
  • 3500-5000 sq ft

Listed 137 days ago · MLS® X13246280

About this home

**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.

Details

Type
Detached
Style
2-Storey
Size
3500-5000 sq ft
Lot
68 × 83.88 ft
Basement
Full, Finished
Garage
Built-In
Kitchens
1
Property tax
$6,776 (2025)
Neighbourhood
Otonabee Ward 1
Municipality
Peterborough
Price per sq ft
~$141 (72% below detached houses in Otonabee Ward 1, $499)

Interior

Bedrooms
7 above ground + 3 below
Bathrooms
1 × 4-piece (main), 1 × 4-piece (second), 1 × 4-piece (second), 1 × 4-piece (second), 1 × 3-piece (basement)
Rooms
12 above ground + 4 below
Family room or den
Yes
Fireplace
No
Features
In-Law Capability, Water Heater

Heating, cooling and services

Heating
Baseboard, Electric
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Vinyl Siding
Roof
Asphalt Rolled
Foundation
Poured Concrete
Faces
North
Outdoor
Porch

Parking

Garage spaces
2
Total parking
6
Driveway and parking
Private Double

Lot

Size
68 × 83.88 ft

More

Possession
Flexible
Cross street
Romaine St & Monaghan Rd

Rooms

RoomLevelSizeFeatures
Living RoomMain8.91 × 3.5 m (29'3" × 11'6")Window
Dining RoomMain4.11 × 2.67 m (13'6" × 8'9")Laminate, Window
KitchenMain7.12 × 5.75 m (23'4" × 18'10")Centre Island, Family Size Kitchen, Window
BedroomMain7.12 × 3.64 m (23'4" × 11'11")Separate Room, Side Door, Window
BedroomSecond7.44 × 3.51 m (24'5" × 11'6")4 Pc Bath, Laminate, Window
BedroomSecond3.97 × 3.52 m (13' × 11'7")Closet, Laminate, Window
BedroomSecond3.63 × 3.54 m (11'11" × 11'7")Closet, Laminate, Window
BedroomSecond5.35 × 2.84 m (17'7" × 9'4")Double Closet, Laminate, Window
SittingSecond3.42 × 2.17 m (11'3" × 7'1")Laminate, Window
Living RoomSecond5.43 × 3.84 m (17'10" × 12'7")4 Pc Bath, Open Stairs, Window
BedroomSecond3.38 × 2.64 m (11'1" × 8'8")Closet, Laminate, Window
BedroomSecond4.75 × 3.38 m (15'7" × 11'1")Bay Window, Closet, Laminate
BedroomBasement3.03 × 4.3 m (9'11" × 14'1")Closet, Laminate, Window
BedroomBasement3.63 × 2.65 m (11'11" × 8'8")Closet, Laminate, Window
BedroomBasement4.87 × 3.24 m (16' × 10'8")3 Pc Bath, Laminate, Window
RecreationBasement6.41 × 5.02 m (21' × 16'6")B/I Bookcase, Laminate

History of this address

6 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 4 grocery stores, 17 cafés and restaurants, 4 parks, 4 pharmacies. Nearest grocery: Farm Boy (600 m). Nearest park: Turner Park (350 m).

Schools nearby

Elementary

  • Keith Wightman Public School
    EQAO: Gr 6 reading 89%, math 37%    12 min walk
  • St. Alphonsus Catholic Elementary School Catholic
    EQAO: Gr 6 reading 82%, math 41%    13 min walk
  • Prince of Wales Public School
    EQAO: Gr 6 reading 83%, math 33%    14 min walk
  • The Children’s Montessori & Preparatory School Private15 min walk

Secondary

  • Kenner Collegiate and Vocational Institute
    EQAO: Gr 9 math 19%, literacy test 68%    1.3 km
  • St. Peter Catholic Secondary School Catholic
    EQAO: Gr 9 math 61%, literacy test 83%    2.1 km
  • Holy Cross Catholic Secondary School Catholic
    EQAO: Gr 9 math 50%, literacy test 71%    2.3 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K9J

Owners / renters
62% / 38%
Median household income
$72,500
Average age
44
Children under 15
15%
Homes
62% detached, 10% high-rise
Commute by transit
2%
Population
44,547

Languages spoken most at home besides English: Arabic 0.4%, Spanish 0.2%, Gujarati 0.2%, Hindi 0.2%.

Safety

Crime Severity Index for Peterborough police: 68 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise 1 source nearby

  • 🚆 Rail line (Havelock Subdivision)50 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by EXP REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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