612 Romaine St, Peterborough, ON K9J 2E4

* * 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.