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805 MORPHET AVENUE, Peterborough (Otonabee Ward 1) — listed at $695,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Foyer | Main level | 1.28 x 1.27 meters |
| Kitchen | Main level | 4.29 x 2.29 meters |
| Bedroom | Second level | 3.2 x 2.74 meters |
| Bedroom | Basement | 3.38 x 3 meters |
| Bedroom | Basement | 3.38 x 3 meters |
| Bedroom | Basement | 2.79 x 2.26 meters |
| Kitchen | Basement | 3.35 x 3.3 meters |
| Laundry room | Basement | 2.06 x 1.63 meters |
| Utility room | Basement | 3.15 x 2 meters |
| Living room | Main level | 3.53 x 2.54 meters |
| Dining room | Main level | 3.53 x 2.77 meters |
| Bedroom | Main level | 3.56 x 2.87 meters |
| Bedroom | Main level | 3.18 x 2.77 meters |
| Bedroom | Main level | 4.17 x 3 meters |
| Bedroom | Main level | 3.84 x 2.54 meters |
| Bedroom | Second level | 4.9 x 3.23 meters |
| Bedroom | Second level | 3.1 x 3.05 meters |
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,220, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the space laid out across floors?+
This is a 2-storey single family. The 10 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Does it have a basement, and is it finished?+
Yes — Finished, Walk out, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Is 805 MORPHET AVENUE a good fit for a growing family?+
With 10 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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