$695,000
805 Morphet Avenue
Peterborough · Otonabee Ward 1
- 7+3 bd
- 3 ba
- Detached
Listing brokerage: ROYAL LEPAGE SIGNATURE REALTY
For Sale
Town Ward 3, Peterborough, ON, K9H 3V5
$438,888
Excellent opportunity for investors or multi generational living. This well maintained duplex offers two fully self contained 2bedroom units in Peterborough's desirable North Central neighborhood steps to downtown amenities, transit, schools, Trent University, Fleming College, shopping, and parks. Unit A (Upper):2 bedrooms, 1 bathroom, kitchen, large foyer, and basement laundry. Unit B (Main):2bedrooms, 2 bathrooms, an oversized kitchen/living/dining/family area, plus in unit laundry. This turnkey duplex features a new roof (2025), private entrances, and separate hydro meters, making it an ideal fit for investors or multi generational families seeking rental support. Both units are occupied by cooperative, reliable tenants willing to stay on with the new owner, providing immediate, stable cash flow with projected rents of approximately $3,450/month. Outside, the property includes a detached double car garage. perfect for storage, a workshop, or additional rental income plus a large driveway accommodating 4+ vehicles. Located on a quiet, low traffic street beside a park, the home offers a peaceful setting while remaining close to everything that drives strong rental demand. This combination of location, condition, and income potential makes 632 Union St a standout opportunity in a high demand rental corridor. Whether you're expanding your portfolio, securing a reliable income property, or seeking a flexible multi unit home, this duplex delivers stability, versatility, and long term value. With major updates completed and income ready to go, this is a clean, low maintenance investment you won't want to miss.
Monthly payment
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Estimates only, for information purposes. Calculations assume a fixed rate compounded semi-annually and do not include property taxes, condo fees, insurance or closing costs. Actual rates, payments, insurance premiums and eligibility are set by your lender; consult a licensed mortgage professional.
Listing brokerage: HOMELIFE/MIRACLE REALTY LTD
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$695,000
Peterborough · Otonabee Ward 1
Listing brokerage: ROYAL LEPAGE SIGNATURE REALTY
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Listing brokerage: Royal Lepage Proalliance Realty
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Listing brokerage: RE/MAX ROUGE RIVER REALTY LTD.