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For Sale - 805 Morphet Avenue, Peterborough, Ontario

805 Morphet Avenue

Peterborough , Ontario

10 3 $695,000

Est payment $3,337/mo

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Time on Jump 1 days

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Updated in 2024 for hassle-free hands-off ownership.
10 bedrooms and 3 bathrooms designed for room-by-room leasing.
Tranquil water views across from the Trent-Severn Waterway.
Close to transit, colleges, and amenities for high rental demand.
Currently generating $5,900/month with potential for even more income.

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Purchase Price

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Down Payment:
$ 34,750 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

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.

Listing IDX13745060

Address805 Morphet Avenue

CityPeterborough, Ontario

Price$695,000

Bed / Bath10 / 3 Full

Style2-Storey, Detached

ConstructionAluminum Siding, Vinyl Siding

Land Size5403

TypeResidential

StatusFor Sale

Extras

Subtype DetachedIndoor Features Sump PumpOutdoor Features Deck, PorchAmenities Park, Public Transit, River/Stream, School Bus RouteOwnership FreeholdViews Bridge, Park/Greenbelt, River, Trees/Woods, WaterBasement Finished with Walk-OutFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

Market Info

Parking 3.00

Listing Agency:
ROYAL LEPAGE SIGNATURE REALTY

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Listing Agency:
ROYAL LEPAGE SIGNATURE REALTY

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For Sale - 805 Morphet Avenue, Peterborough, Ontario

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