Salehian.com 647-325-5000

805 Morphet Avenue

Otonabee Ward 1, Peterborough, K9J 2X7

$695,000

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  • 7+3 bedrooms
  • 3 bathrooms
  • 3 parking
  • 1500-2000 sq ft

Listed 45 days ago · MLS® X13745060

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 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.

Details

Type
Detached
Style
2-Storey
Size
1500-2000 sq ft
Lot
50.44 × 96.71 ft
Basement
Finished with Walk-Out
Garage
None
Kitchens
2
Property tax
$5,220 (2026)
Neighbourhood
Otonabee Ward 1
Municipality
Peterborough
Price per sq ft
$397 (21% below detached houses in Otonabee Ward 1, $500)

Interior

Bedrooms
7 above ground + 3 below
Bathrooms
1 × 2-piece (main), 1 × 3-piece (second), 1 × 3-piece (basement)
Kitchens
2 (1 below ground)
Rooms
11 above ground + 9 below
Family room or den
No
Fireplace
Yes
Features
Sump Pump

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Aluminum Siding, Vinyl Siding
Roof
Shingles
Foundation
Concrete
Faces
West
Outdoor
Deck, Porch, Garden Shed

Parking

Total parking
3
Driveway and parking
Available

Lot

Size
50.44 × 96.71 ft (irregular)
Acreage
< .50

More

Possession
Flexible
Nearby
Park, Public Transit, River/Stream, School Bus Route
Cross street
Lansdowne St & Lock St

Rooms

RoomLevelSizeFeatures
FoyerMain1.28 × 1.27 m (4'2" × 4'2")
KitchenMain4.29 × 2.29 m (14'1" × 7'6")
Living RoomMain3.53 × 2.54 m (11'7" × 8'4")
Dining RoomMain3.53 × 2.77 m (11'7" × 9'1")
BedroomMain3.56 × 2.87 m (11'8" × 9'5")
BedroomMain3.18 × 2.77 m (10'5" × 9'1")
BedroomMain4.17 × 3 m (13'8" × 9'10")
BedroomMain3.84 × 2.54 m (12'7" × 8'4")
BedroomSecond4.9 × 3.23 m (16'1" × 10'7")
BedroomSecond3.1 × 3.05 m (10'2" × 10')
BedroomSecond3.2 × 2.74 m (10'6" × 9')
BedroomBasement3.38 × 3 m (11'1" × 9'10")
BedroomBasement3.38 × 3 m (11'1" × 9'10")
BedroomBasement2.79 × 2.26 m (9'2" × 7'5")
KitchenBasement3.35 × 3.3 m (11' × 10'10")
LaundryBasement2.06 × 1.63 m (6'9" × 5'4")
Utility RoomBasement3.15 × 2 m (10'4" × 6'7")

History of this address

5 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: no grocery stores, 6 cafés and restaurants, 11 parks. Nearest park: Scotts Mills Lock 19 (150 m).

Schools nearby

Elementary

  • Otonabee Valley Public School
    EQAO: Gr 6 reading 68%, math 25%    12 min walk
  • The Children’s Montessori & Preparatory School Private15 min walk
  • St. John Catholic Elementary School Catholic
    EQAO: Gr 6 reading 57%, math 29%    17 min walk
  • St. Patrick Catholic Elementary School Catholic
    EQAO: Gr 6 reading 89%, math 39%    1.4 km

Secondary

  • Kenner Collegiate and Vocational Institute
    EQAO: Gr 9 math 19%, literacy test 68%    2.1 km
  • Peterborough Alternative and Continuing Education2.5 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area K9J

Owners / renters
62% / 38%
Median household income
$72,500
Average age
44
Children under 15
15%
Homes
62% detached, 10% high-rise
Commute by transit
2%
Population
44,547

Languages spoken most at home besides English: Arabic 0.4%, Spanish 0.2%, Gujarati 0.2%, Hindi 0.2%.

Safety

Crime Severity Index for Peterborough police: 68 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE SIGNATURE REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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