$499,000
FOR SALE

Detached 2-Storey

Bedrooms: 10Bathrooms: 3Lot: 50.44 x 96.71 ft
2026 Taxes: $5,220

805 Morphet Ave
Peterborough, ON K9J 2X7 | Otonabee Ward 1

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.
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Listed By ROYAL LEPAGE SIGNATURE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12989532
Last Updated Apr 19, 2026
Property Summary
Property Type Detached

More like this:
Legal Description LT 12 PL 179 PETERBOROUGH; PETERBOROUGH
Taxes (2026) $5,220
Directions/Cross Streets Lansdowne St & Lock St
Neighbourhood Otonabee Ward 1
Area Peterborough
Price History

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Detailed Information
Fronting On West
Special Designations Unknown
Bedrooms 10
Bathrooms 3
Lot 50.44 x 96.71 ft
Exterior Aluminum Siding
Air Conditioning Central Air
Fireplace/Stove Y
Basement Finished with Walk-Out
Garage Type None
Parking Spaces 3
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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