805 Morphet Avenue, Peterborough (Otonabee Ward 1), Ontario K9J2X7
Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY.
- $499,000
- 10
- BD
- 3
- BA
- List Price
- $499,000
- MLS®
- X12989532
- Days on Market
- 104
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 10
- Bathrooms
- 3
- Lot Size Dimensions
- 50.4 x 96.7 FT ; 50.44 X 96.71 X 53.76 X 116.63
- Subdivision
- Otonabee Ward 1
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 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. (id:5764)
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Additional Information
- Ownership
- Freehold
- View
- River view, View of water
- Subdivision
- Otonabee Ward 1
- Parking Spaces
- 3
- Cooling
- Central air conditioning
- Country
- Canada
- Sewer
- Sanitary sewer
- Community Features
- School Bus
- Heating
- Forced air, Natural gas
- Lot Features
- Irregular lot size, Sloping, Sump Pump
- Stories
- 2
