805 Morphet Avenue, Peterborough, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Otonabee Ward 1. Expertly crafted featuring premium aluminum siding and vinyl siding construction, this residence presents an exceptional opportunity offered at $499,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 10 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 50.44 x 96.71 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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.
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Property Summary
This detached home located at 805 Morphet Avenue, Peterborough is currently for sale and has been available on SousaSells for 116 days. This property is listed at $499,000 with an estimated mortgage of $1,661* per month. It has 10 beds, 3 bathrooms, and is 1500-2000 square feet. 805 Morphet Avenue, Peterborough is in the Otonabee Ward 1 neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 10 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Otonabee Ward 1, Peterborough.
- •10 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Otonabee Ward 1, Peterborough.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Park
- Public Transit
- River/Stream
- School Bus Route
Interior Features
- Sump Pump
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 805 Morphet Avenue, Peterborough, ON
Q.What is the asking price for 805 Morphet Avenue, Peterborough, ON ?
The current listing price for 805 Morphet Avenue, Peterborough, ON in Otonabee Ward 1, Peterborough is $499,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 10 bedrooms and 3 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 805 Morphet Avenue, Peterborough, ON ?
805 Morphet Avenue, Peterborough, ON is a Detached (2-Storey) featuring a Finished with Walk-Out basement.
Q.What key property features does 805 Morphet Avenue, Peterborough, ON offer?
Key property features include: Park, Public Transit, River/Stream, School Bus Route.
Q.What interior features are included in this home?
Interior highlights include: Sump Pump.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 805 Morphet Avenue, Peterborough, ON K9J 2X7
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Peterborough, ON
For a property listed at $499,000 in Peterborough, the legal minimum down payment is $24,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,455 for this transaction. As this listing is in Peterborough (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.