Address
805 Morphet Avenue, Peterborough, ON
Price
$ 695,000

Your Agent

Kathie Lycett

Broker

705-277-2003


Listing provided by Kathie Lycett, Broker, REMAX Hallmark Eastern Realty

Property Attributes
  • ID#X13745060
  • TypeSingle Family
  • Listing Status New
  • CityPeterborough
  • AreaOtonabee Ward 1
  • NeighbourhoodOtonabee Ward 1
  • Postal CodeK9J 2X7
  • Style2-Storey
  • Taxes$ 5220
  • Price$ 695,000
  • Bedrooms10
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1500-2000
  • Lot Size0.25 Acres
Data Source:
Toronto Real Estate Board (TRREB)
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 cookingstations (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 asafe, 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 $7,000/month), this is a rare turnkey opportunity for investors seeking predictable cash flow, long-term appreciation, and scalable growth. 2025 Operating Costs: Property Taxes: $5,220, Insurance: $4,310, Utilities: $5,868.Vacant possession can be arranged if desired.

Price History
9/4/2026 Listed $695,000

General Features

Sewer Sewer
Cooling Central Air
Roof Shingles
Architectural Style 2-Storey
Pool Features None
Construction Materials Aluminum Siding,Vinyl Siding
View Bridge,Park/Greenbelt,River,Trees/Woods,Water
Heater Type Forced Air
Parking Spaces 3
Topography Sloping
Property Subtype Detached
Tax Year 2026
Lot Depth 96.71
PropertyFeatures Park,Public Transit,River/Stream,School Bus Route
County Peterborough
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction West
Garage Y/N No
Other Structures Garden Shed
Status New
City Peterborough
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 5220.0
Standard Status Active
Occupancy Type Tenant
Legal Description LT 12 PL 179 PETERBOROUGH; PETERBOROUGH

Interior Features

Interior Amenities Sump Pump
Basement Finished with Walk-Out
Heat Source Gas
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N Yes
Total Bedrooms 10
Elevator? No
Total Baths 3
Bedrooms 7+3
Living Area Range 1500-2000

Exterior Features

Exterior Amenities Deck,Porch
Parking Features Available
Total Parking 3.0
Garage Type None
Foundation Details Concrete
Spa No
Lot Size Source GeoWarehouse
Waterfront Y/N No
Covered Spaces 0.0

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in K9J 2X7

Price
AVG $650K
$700K
Taxes
AVG $4,512
$5,220
Visits
AVG 57
44
Data Provided by Inside Real Estate®

Your Agent

Kathie Lycett

Broker

705-277-2003


Listing provided by Kathie Lycett, Broker, REMAX Hallmark Eastern Realty

Listed By
ROYAL LEPAGE SIGNATURE REALTY