Listed by Royal Lepage Signature Realty.

805 Morphet Avenue is a Detached, 2-Storey and is currently for Sale @ $499,000. Taxes in 2026 were $5,220.00.

More homes for sale under 500k in Peterborough

Updated in 2024, this purpose-built multi-bedroom investment property delivers exceptional cashflow with truly hands-off ownership. The 2-Storey on 805 Morphet Avenue has 7 bedrooms, 3 bathrooms, and is located on a 96.71 x 50.44 ft loton < .50 acres in the community of Otonabee Ward 1 . 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. Open House: Saturday April 18th from 1:00PM to 3:00PM.

The address 805 Morphet Avenue was listed for sale (MLS# X12989532) on Sunday, April 12, 2026.