612 Romaine Street, Peterborough, ON K9J 2E4
Otonabee Ward 1, Peterborough · Near Romaine St & Monaghan Rd · View map
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.
The home
- Type
- 2-storey detached home
- Style
- 2-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 7
- Basement bedrooms
- 3
- Bathrooms
- 5
- Kitchens
- 1
- Rooms
- 12
- Basement
- Full, Finished
- Lot size
- 68 x 83.9 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Baseboard
- Fireplace
- No
Garage & parking
- Garage
- Built-In
- Garage spaces
- 2
- Driveway spaces
- 4
- Total parking
- 6
- Parking features
- Private Double
Taxes & other
- Property taxes
- $6,776/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Romaine St & Monaghan Rd
- Neighbourhood
- Otonabee Ward 1
More
- Price per sq ft
- ~$141 (at 4,250 sq ft)
- MLS® number
- X13246280
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The home and its surroundings
- In-Law Capability
- Water Heater
- Porch
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
612 Romaine Street, Peterborough, ON K9J 2E4
Otonabee Ward 1, Peterborough · Near Romaine St & Monaghan Rd
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Listing history for 612 Romaine Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 612 Romaine Street
Answers come straight from this home’s MLS® listing.
How much is 612 Romaine Street listed for, and what would it cost each month?
612 Romaine Street is listed for $599,900. With 20% down ($119,980), the mortgage payment would be roughly $2,420 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,984 a month, all in. That figure is an illustration, not a quote.
Is 612 Romaine Street freehold or a condo, and is there a monthly fee?
612 Romaine Street is a 2-storey detached home in Otonabee Ward 1, Peterborough. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 612 Romaine Street have?
612 Romaine Street has 7 bedrooms, plus 3 more bedrooms in the basement, and 5 bathrooms.
Does 612 Romaine Street have a garage and parking?
Yes. The listing shows the garage as built-in, with room for 2 cars. The driveway adds 4 spaces. In total the listing counts 6 parking spaces.
Does 612 Romaine Street have a finished basement?
The listing describes the basement as full, finished. It counts 3 bedrooms on that level. Finished basement space is usually not counted in the square footage shown.
What style of home is 612 Romaine Street?
612 Romaine Street is a 2-storey detached home. A 2-storey detached house has its living space on the main floor and the bedrooms upstairs, on its own lot with no shared walls.
How big is 612 Romaine Street, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 68 x 83.9 ft.
How is 612 Romaine Street heated and cooled?
Heating is baseboard (electric). The listing does not show air conditioning.
What are the property taxes for 612 Romaine Street?
Property taxes are $6,776 a year (2025), or about $565 a month.
Where is 612 Romaine Street?
612 Romaine Street is in the Otonabee Ward 1 community of Peterborough. The nearest main intersection is Romaine St & Monaghan Rd. The postal code is K9J 2E4.
Is 612 Romaine Street still for sale?
Yes. It is an active listing (MLS® X13246280). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 612 Romaine Street asking?
Similar detached homes for sale nearby right now include 513 Romaine Street at $550,000 (5 bed), 672 Romaine Street at $479,000 (4+1 bed) and 121 Romaine Street at $569,900 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 612 Romaine Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 612 Romaine Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Otonabee Ward 1, picked by style, size and price.
2-storey detached home$550,000513 Romaine Street, Peterborough5 bed · 2 bath · Town Ward 3Courtesy of: SOLID ROCK REALTYView home →
2-storey detached home$479,000672 Romaine Street, Peterborough4+1 bed · 2 bath · Otonabee Ward 1Courtesy of: Royal LePage Frank Real EstateView home →
2-storey detached home$569,900121 Romaine Street, Peterborough3 bed · 2 bath · Town Ward 3Courtesy of: Royal LePage Frank Real EstateView home →Courtesy of: EXP REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.