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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 and projected to generate $85,800 in gross annual income, 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.Open House: Saturday, February 7 from 2:00PM - 4:00PM.
City: Peterborough
Neighborhood: Otonabee Ward 1

| Purchase Price | $589000 |
| Down Payment | $117800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $471200 |
| Mortgage Payment | $2904 |
| Property Taxes | $435 |
| Maintenance Fees | $0 |
| Monthly Payment | $3339 |
Located at 805 Morphet Ave , this Peterborough house is available for sale. This property was listed for $589,000 on Fri Jan 16 2026. This house's size is 1500-2000 Sqft. It has 7 bedrooms and 3 bathrooms. The property includes the following rooms: Foyer, Kitchen, Living, Dining, Br, Br, Br, Br, Br, Br, Br, Br, Br, Br, Kitchen, Laundry, Utility. This property comes with 3 parking spots. 805 Morphet Ave, Peterborough is situated in the Otonabee Ward 1 neighbourhood.
MLS#: X12704976 · $589,000 · 7 bedroom house in Otonabee Ward 1, Peterborough