+ 34 photos
For Sale
MLS®# X12989532
805 Morphet Avenue, Peterborough, ON K9J 2X7
Peterborough, ON K9J 2X7
$499,000
Est. $2,119/mo · 20% down, 25-yr, 4.09%
7 + 3Beds
3Baths
50 × 97 ftLot
3Parking
DetachedType
About this property
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.
Property Summary
Property TypeDetached
Square Footage1500 - 2000 sq ft
Community NameOtonabee Ward 1
Land Size50.44 x 96.71 ft
Annual Property Taxes$5,220.00
Tax Year2026
Parking TypeNone Garage, Available
Building details
Bedrooms7 + 3 (total 10)
Bathrooms / washrooms3 — 2-pc Main, 3-pc Second, 3-pc Basement
Kitchens1 + 1
Rooms11 + 9
Property typeDetached
Architectural style2-Storey
Room dimensions
| # | Room | Level | Dimensions | Features |
|---|---|---|---|---|
| 1 | Foyer | Main | 1.28 × 1.27 ft | |
| 2 | Kitchen | Main | 4.29 × 2.29 ft | |
| 3 | Living Room | Main | 3.53 × 2.54 ft | |
| 4 | Dining Room | Main | 3.53 × 2.77 ft | |
| 5 | Bedroom | Main | 3.56 × 2.87 ft | |
| 6 | Bedroom | Main | 3.18 × 2.77 ft | |
| 7 | Bedroom | Main | 4.17 × 3 ft | |
| 8 | Bedroom | Main | 3.84 × 2.54 ft | |
| 9 | Bedroom | Second | 4.9 × 3.23 ft | |
| 10 | Bedroom | Second | 3.1 × 3.05 ft | |
| 11 | Bedroom | Second | 3.2 × 2.74 ft | |
| 12 | Bedroom | Basement | 3.38 × 3 ft | |
| 13 | Bedroom | Basement | 3.38 × 3 ft | |
| 14 | Bedroom | Basement | 2.79 × 2.26 ft | |
| 15 | Kitchen | Basement | 3.35 × 3.3 ft | |
| 16 | Laundry | Basement | 2.06 × 1.63 ft | |
| 17 | Utility Room | Basement | 3.15 × 2 ft |
Lot & land
Lot dimensions50 × 97 ft
Lot frontage50 ft
Lot depth97 ft
Interior Features
Basement FeaturesFinished with Walk-Out
Basement TypeFinished
Interior FeaturesSump Pump
Building Features
FeaturesPark, Public Transit, River/Stream, School Bus Route
Foundation TypeConcrete
Style2-Storey
RoofShingles
ConstructionAluminum Siding, Vinyl Siding
Building Amenities
Fireplace(s)1
PoolNone
ViewBridge, Park/Greenbelt, River, Trees/Woods, Water
TopographySloping
Rental Equipment
Rental equipmentHot Water Tank $28.87/month
Heating & Cooling
CoolingCentral Air
Heating TypeForced Air
Heating SourceGas
Utilities
Utility SewerSewer
Parking
Parking TypeNone Garage, Available
Total Parking Spaces3
Exterior Features
Exterior FinishDeck, Porch
Taxes & fees
Annual taxes$5,220 (2026)
Listing history
On market sinceApr 12, 2026
Location
Peterborough, ON K9J 2X7
Listed by ROYAL LEPAGE SIGNATURE REALTY, Brokerage · Listing data sourced from TRREB®, refreshed nightly.
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The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.