612 ROMAINE STREET, Peterborough (Otonabee Ward 1)
$639,900
For sale: Detached
- Property type
- Detached
- Bedrooms / bathrooms
- 10 bedrooms, 5 bathrooms
- Living area
- 5,000 sqft
- MLS®
- MLS® X13246280
- Neighbourhood
- Otonabee Ward 1
**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.
Sold data
Detached homes in Peterborough (Otonabee Ward 1) — recent sold market
Detached homes in Peterborough (Otonabee Ward 1) took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 41, across 219 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.
The median sale price was $589,900.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 22
- Median sale price
- $589,900
- Sale-to-list ratio
- 97.5%
- Sold above asking
- 7%
Based on 219 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Peterborough (Otonabee Ward 1)
Peterborough (Otonabee Ward 1) has 29 Fraser Institute–rated schools (23 elementary and 6 secondary), averaging 5.2/10.
- Rated schools
- 29
- Elementary
- 23
- Secondary
- 6
- Average rating
- 5.2 / 10
Top-rated schools in Peterborough (Otonabee Ward 1)
- James Strath — elementary, PeterboroughFraser rating 7.5/10
- St. Peter's — secondary, PeterboroughFraser rating 6.7/10
- Edmison Heights — elementary, PeterboroughFraser rating 6.5/10
- St Paul's — elementary, PeterboroughFraser rating 6.2/10
- Holy Cross — secondary, PeterboroughFraser rating 6.1/10
- St Anne — elementary, PeterboroughFraser rating 6.0/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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