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$ 499,000
Est. payment /mo
Active
805 Morphet AVE Peterborough, ON K9J 2X7
10 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Otonabee Ward 1
MLS Listing ID X12989532
Style 2-Storey
Bedrooms 10
Annual Tax Amount $5,220
Tax Year 2026
Property Sub-Type Detached
Property Description
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.
Location
Province ON
County Peterborough
Area Peterborough
Zoning R1
Rooms
Basement Finished with Walk-Out
Kitchen 2
Interior
Interior Features Sump Pump
Cooling Central Air
Exterior
Exterior Feature Deck, Porch
Parking Features None
Pool None
View Bridge, Park/Greenbelt, River, Trees/Woods, Water
Roof Type Shingles
Total Parking Spaces 3
Building
Foundation Concrete
Lited by ROYAL LEPAGE SIGNATURE REALTY