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For Sale
Just Listed

805 Morphet Avenue

Otonabee Ward 1, Peterborough, ON
$499,000
7+3Bd
3Ba
1,750+sqft
3Parking
50.44 x 96.71 ftlot
$285/sqft
DetachedMLS# X12989532Listed 2026-04-136 DOM
Cooling
Central Air
Basement
Finished with Walk-Out

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.

Rooms

Main Floor
Foyer1.28 × 1.27 m
Kitchen4.29 × 2.29 m
Living Room3.53 × 2.54 m
Dining Room3.53 × 2.77 m
Bedroom3.56 × 2.87 m
Bedroom3.18 × 2.77 m
Bedroom4.17 × 3.00 m
Bedroom3.84 × 2.54 m
Second Floor
Bedroom4.90 × 3.23 m
Bedroom3.10 × 3.05 m
Bedroom3.20 × 2.74 m
Basement
Bedroom3.38 × 3.00 m
Bedroom3.38 × 3.00 m
Bedroom2.79 × 2.26 m
Kitchen3.35 × 3.30 m
Laundry2.06 × 1.63 m
Utility Room3.15 × 2.00 m

Features

  • Sump Pump
  • Deck
  • Porch
  • Finished with Walk-Out
  • Central Air
  • 2-Storey

Financials

Annual Taxes
$5,220

Estimated Rental Income

Entire property$4,500 – $7,000/mo
Basement apartment$1,800 – $2,500/mo
Rental yield10.8% – 16.8%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — Peterborough

Days on market6 days
Buyer's MarketSeller's Market

Based on active listings in Peterborough. Data updates daily.

Our estimate for this home

Priced 21.1% below estimate
Estimated range
$585K$680K
Mid-point $633K · ~$362/sqft
How this listing compares
$585KList · $499K$680K
Medium confidence·Based on 15 peterborough comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$499,000
805 Morphet Avenue, Peterborough
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