805 MORPHET AVENUE
Otonabee Ward 1, Peterborough, Ontario
- 10 beds
- 3 baths
About this property
Updated in 2024, this purpose-built multi-bedroom investment property delivers exceptional cashflow with truly hands-off ownership. Featuring 10 bedrooms, 3 bathrooms, and three cooking stations (one full kitchen plus two kitchenettes), the layout is purpose-designed for flexible room-by-room leasing-maximizing rental efficiency and income potential. Positioned directly across from the Trent-Severn Waterway at Lock 19, the property enjoys tranquil water views in a safe, family-friendly neighbourhood within one of Peterborough’s strongest rental corridors.Proximity to transit, Lansdowne Street amenities, Fleming College, Trent University, and Seneca Aviation ensures consistent demand from students and working professionals alike. The property offers (3) three surface parking spaces with abundant visitor parking conveniently located across the street. Professionally managed, currently generating $5,900/month with 8 of 10 bedrooms rented (with the potential for an additional $1,000+/month), this is a rare turnkey opportunity for investors seeking predictable cash flow, long-term appreciation, and scalable growth. 2025 Operating Costs: Property Taxes: $4,318, Insurance: $4,310, Utilities: $5,868. Vacant possession can be arranged if desired. (id:66327)
Property details
Interior
- Bedrooms
- 10
- Bedrooms above grade
- 7
- Bedrooms below grade
- 3
- Bathrooms
- 3 + 1 half
- Storeys
- 2
- Basement
- Finished, Walk out, N/A
Exterior & parking
- Structure type
- House
- Architectural style
- []
- Lot size
- 50.4 x 96.7 FT ; 50.44 X 96.71 X 53.76 X 116.63
- Parking spaces
- 3
- Parking features
- No Garage
- View
- River view, View of water
- Exterior features
- Aluminum siding, Vinyl siding
Building & HOA
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
Financial & legal
- List price
- $499,000
- Annual taxes
- $5,220
- Tenure
- Freehold
- Status
- Active
- MLS® number
- X12989532
Location
- City
- Peterborough
- Neighbourhood
- Otonabee Ward 1
- Province
- Ontario
- Postal code
- K9J2X7
- Directions
- Lansdowne St & Lock St
Room details
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Foyer | Main level | 1.28 x 1.27 meters | |
| Bedroom | Second level | 3.2 x 2.74 meters | |
| Bedroom | Basement | 3.38 x 3 meters | |
| Bedroom | Basement | 3.38 x 3 meters | |
| Bedroom | Basement | 2.79 x 2.26 meters | |
| Kitchen | Basement | 3.35 x 3.3 meters | |
| Laundry room | Basement | 2.06 x 1.63 meters | |
| Utility room | Basement | 3.15 x 2 meters | |
| Kitchen | Main level | 4.29 x 2.29 meters | |
| Living room | Main level | 3.53 x 2.54 meters | |
| Dining room | Main level | 3.53 x 2.77 meters | |
| Bedroom | Main level | 3.56 x 2.87 meters | |
| Bedroom | Main level | 3.18 x 2.77 meters | |
| Bedroom | Main level | 4.17 x 3 meters | |
| Bedroom | Main level | 3.84 x 2.54 meters | |
| Bedroom | Second level | 4.9 x 3.23 meters | |
| Bedroom | Second level | 3.1 x 3.05 meters |
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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).