**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.
7 bedrooms, 5 bathrooms, about 3,500 sq ft, works out to roughly $171 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 612 Romaine St
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
6 spacesYes garage
Basement
Full, Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
6
Interior
Basement
Full · Finished
Lot & land
Lot size (sqft)
0.17
Listing & possession
Property style
2-Storey
Property class
Detached
612 Romaine St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,947
/mo
based on the purchase price of $599,900
$119,980 cash
$479,920 financed
$404,219 total interest
Principal54%$479,920
Interest46%$404,219
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Peterborough
Other 6–7 bed homes for sale in Peterborough around $600K.
Average days on market36Homes sold in about 36 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings399Homes for sale here right now.
Median vs prior 90 days+3.6%Compared with May 1 – Jul 30, 2026: prices up.
Based on 385 sales from Jul 30 – Oct 28, 2026 (329 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 612 Romaine St
How much is 612 Romaine St listed for?
612 Romaine St is listed at $599,900 (MLS® X13246280). Summitly updates the price as soon as the MLS® record changes.
Is $599,900 a good price for 612 Romaine St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Peterborough. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 612 Romaine St changed?
Yes — it was first listed at $679,900 and is now $599,900, a drop of $80,000 (11.8%).
How many bedrooms and bathrooms does 612 Romaine St have?
612 Romaine St has 7 bedrooms and 5 bathrooms, with about 3,500–5,000 square feet of living space. It is a detached home in Peterborough.
How much would the monthly mortgage be on 612 Romaine St?
About $2,947 a month — principal and interest on $599,900 with 20% down ($119,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 612 Romaine St compare with other homes in Peterborough?
Its asking price of $599,900 is about 5% above the median sold price in Peterborough over the last 90 days, $570,000, across 385 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 612 Romaine St been sold before?
Summitly has no earlier MLS® sale or lease of 612 Romaine St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 612 Romaine St?
612 Romaine St is in Peterborough, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 612 Romaine St been on the market?
145 days — 612 Romaine St was listed on June 5, 2026.
What is the price per square foot of 612 Romaine St?
About $120 to $171 per square foot: the asking price of $599,900 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 612 Romaine St have parking or a garage?
Yes — the listing gives 6 parking spaces. Garage: Yes.
Does 612 Romaine St have a basement, and is it finished?
The listing describes the basement as: Full, Finished.
