805 MORPHET AVENUE, Peterborough (Otonabee Ward 1)
$695,000
For sale: Detached
- Property type
- Detached
- Bedrooms / bathrooms
- 10 bedrooms, 3 bathrooms
- Living area
- 2,000 sqft
- MLS®
- MLS® X13745060
- Neighbourhood
- Otonabee Ward 1
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.
Sold data
Detached homes in Peterborough (Otonabee Ward 1) — recent sold market
Detached homes in Peterborough (Otonabee Ward 1) took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 41, across 219 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.
The median sale price was $589,900.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 22
- Median sale price
- $589,900
- Sale-to-list ratio
- 97.5%
- Sold above asking
- 7%
Based on 219 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Peterborough (Otonabee Ward 1)
Peterborough (Otonabee Ward 1) has 29 Fraser Institute–rated schools (23 elementary and 6 secondary), averaging 5.2/10.
- Rated schools
- 29
- Elementary
- 23
- Secondary
- 6
- Average rating
- 5.2 / 10
Top-rated schools in Peterborough (Otonabee Ward 1)
- James Strath — elementary, PeterboroughFraser rating 7.5/10
- St. Peter's — secondary, PeterboroughFraser rating 6.7/10
- Edmison Heights — elementary, PeterboroughFraser rating 6.5/10
- St Paul's — elementary, PeterboroughFraser rating 6.2/10
- Holy Cross — secondary, PeterboroughFraser rating 6.1/10
- St Anne — elementary, PeterboroughFraser rating 6.0/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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