805 MORPHET AVENUE, Peterborough (Otonabee Ward 1), Ontario, K9J2X7
MLS: X12989532 | House (Freehold)
$499,000
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. Open House: Saturday April 18th from 1:00PM to 3:00PM. (id:64974)
Quick Facts
- Property Type: House (Freehold)
- Bedrooms: 10 (7 above, 3 below)
- Bathrooms: 3 (1 half)
- Ownership: Freehold
- Attached: No
- Fireplaces: Yes
- Parking: 3.0 spaces (No Garage)
- Frontage: 50 ft (15.4 m)
Costs
- Annual Taxes: $5,220.00
Listing Provided by: ROYAL LEPAGE SIGNATURE REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Central air conditioning
- Basement: Finished, Walk out, N/A
- Utilities: Sewer, Electricity, Cable
Exterior & Construction
- Exterior: Aluminum siding, Vinyl siding
- Foundation: Concrete
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 50 ft (15.4 m)
- Features: Irregular lot size, Sloping, Sump Pump
- View: River view, View of water
- Zoning: R1
Community & Neighbourhood
- Community: School Bus
- Neighbourhood: Otonabee Ward 1
Room Details (17 rooms)
Listing Information
Listing History
MLS listing activity for 805 MORPHET AVENUE, Peterborough (Otonabee Ward 1), Ontario, K9J2X7 — dates reflect when changes were recorded in the DDF
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Mortgage & Cost Calculators
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805 MORPHET AVENUE, Peterborough (Otonabee Ward 1), Ontario, K9J2X7