$499,000
805 MORPHET AVENUE
Beds
10
Baths
3.1
Sqft
—
Year
—
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
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:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Otonabee Ward 1
- Common interest
- Freehold
- Lot dimensions
- 50.4 x 96.7 FT ; 50.44 X 96.71 X 53.76 X 116.63
- Bedrooms
- 7 above grade, 3 below grade
- Parking
- 3 total
- Stories
- 2
- Fireplace
- Yes
- On market
- Apr 13, 2026
- Status changed
- Apr 19, 2026
- Annual tax
- $5,220
- Zoning
- R1
- Photos
- 45
- MLS#
- X12989532
- Area
- PETERBOROUGH_(OTONABEE_WARD_1)
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Foundation
Lot
Community
View
Utilities
Cash on cash
-2.96%
Cap rate
5.30%
GRM
12.6
Break-even rent
$3,559
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Peterborough (Otonabee Ward 1). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 19, 2026.