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info@tonyledi.com +1(647) 493-3579

$ 499,000

Est. payment | -/mo

10 Beds

3 Baths

1,500 SqFt

Save

$ 499,000

Est. payment | -/mo

Save

10 Beds

3 Baths

1,500 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Square Footage 1,500 sqft

Price per Sqft $332

Subdivision Otonabee Ward 1

MLS® Listing ID X12989532

Bedrooms 10

Half Baths 1

Property Sub-Type Freehold

Property 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. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 3.2 m X 2.74 m Bedroom

Extra Room 2 Second level 4.9 m X 3.23 m Bedroom

Extra Room 3 Second level 3.1 m X 3.05 m Bedroom

Extra Room 4 Basement 3.38 m X 3 m Bedroom

Extra Room 5 Basement 3.38 m X 3 m Bedroom

Extra Room 6 Basement 2.79 m X 2.26 m Bedroom

Interior

Heating Forced air

Cooling Central air conditioning

Exterior

Parking Features No

Community Features School Bus

View Y/N Yes

View River view, View of water

Attached Garage No

Total Parking Spaces 3

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Ownership Freehold

Listed by ROYAL LEPAGE SIGNATURE REALTY

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805 MORPHET AVENUE Peterborough (otonabee Ward 1), ON K9J2X7