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.
Address
805 Morphet Avenue
List Price
$499,000
MLS® Status
New
Expiration Date
2026-08-31
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Peterborough
Sub-Area
Otonabee Ward 1
Bedrooms
7 + 3
Bedrooms (Total)
10
Rooms Above Grade
11
Rooms Below Grade
9
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
96.71
Lot Shape
Irregular
Lot Irregularities
50.44 X 96.71 X 53.76 X 116.63
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
50.44
Occupant Type
Tenant
Cross Street
Lansdowne St & Lock St
MLS® Number
X12989532
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Basement Area
Finished with Walk-Out
Postal Code
K9J 2X7
Parking
Available
Parking Places (Total)
3
Parking Spaces
3
Tax Amount
$5,220.00
Tax Year
2026
Site Influences
Deck, Park, Porch, Public Transit, River/Stream, School Bus Route
Exterior Features
Deck, Porch
Interior Features
Sump Pump
Property Features
Park, Public Transit, River/Stream, School Bus Route
Cable
Available
Central Vacuum
No
Family Room
No
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Aluminum Siding, Vinyl Siding
UFFI
No
Direction Faces
West
Fireplace
Yes
Foundation Details
Concrete
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Other Structures
Garden Shed
Pool Features
None
Roof
Shingles
Tax Legal Description
LT 12 PL 179 PETERBOROUGH; PETERBOROUGH
Topography
Sloping
View Type
Bridge, Park/Greenbelt, River, Trees/Woods, Water
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Foyer | 1.28 x 1.27 | |
| Main | Kitchen | 4.29 x 2.29 | |
| Main | Living Room | 3.53 x 2.54 | |
| Main | Dining Room | 3.53 x 2.77 | |
| Main | Bedroom | 3.56 x 2.87 | |
| Main | Bedroom | 3.18 x 2.77 | |
| Main | Bedroom | 4.17 x 3 | |
| Main | Bedroom | 3.84 x 2.54 | |
| Second | Bedroom | 4.9 x 3.23 | |
| Second | Bedroom | 3.1 x 3.05 | |
| Second | Bedroom | 3.2 x 2.74 | |
| Basement | Bedroom | 3.38 x 3 | |
| Basement | Bedroom | 3.38 x 3 | |
| Basement | Bedroom | 2.79 x 2.26 | |
| Basement | Kitchen | 3.35 x 3.3 | |
| Basement | Laundry | 2.06 x 1.63 | |
| Basement | Utility Room | 3.15 x 2 |
Open Houses
- April 18, 1:00 PM - 3:00 PM