337/338 RAINBOW Drive
Otonabee-South Monaghan, ON
3 bed • 1 bath • approx. < 700 sqft • Detached • 44 days on market
Seasonal waterfront cottage on the Otonabee River near Peterborough, offering two lots, direct river access, a dock, water views, detached garage, and easy access to Rice Lake and the Trent-Severn Waterway. Enjoy the Kawartha cottage lifestyle from this raised bungalow featuring 3 bedrooms, 1 bathroom, and an open-concept kitchen/living area with walkout to a large deck-ideal for BBQs, entertaining, morning coffee, and relaxing by the water. The newer lower level offers approximately 8' ceiling height, a walkout, and a spacious open area with potential for a games room, lounge, hobby space, or future finished living area. A bathroom and laundry rough-in add further flexibility. At the shoreline, stairs lead to the water and dock, with shallow entry, mixed shoreline, and direct Otonabee River access for boating, fishing, swimming, and paddling. A second lot across the road provides valuable additional space, privacy, parking, and a detached garage for vehicles, boats, and cottage equipment. The lot measures approximately 44.92' at the front, 99.97' and 93.91' along the sides, and 22.81' at the rear. Future use is subject to zoning, conservation, and municipal approvals. The property is also understood to benefit from two rights-of-way for water access; buyers are encouraged to verify their use and legal status. Approximately 15 minutes from Peterborough and 90 minutes from Toronto, with Squirrel Creek Conservation Area, public beach, boat launch, picnic areas, Rice Lake, and the Trent-Severn Waterway nearby. Discover the possibilities this Otonabee River cottage property has to offer-contact your REALTOR to arrange a private viewing.
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Listing Details
- Taxes (2025)
- $2,641
- Listed
- July 14, 2026
Price History
Listing history
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Property
- Style
- Bungalow
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Water Heater
- Lot Size
- 85 x 102 Feet
Utilities
- Water
- Lake/River
- Sewer
- Holding Tank
- Heat Source
- Electric
Location & Legal
- Cross Street
- Second Line
- Zoning
- Seasonal/Recreational
- Parcel Number
- 280230094
- Possession
- Flexible
Commercial
- Occupancy
- Owner
Included
- Inclusions
- Fridge, stove, dishwasher
- Exclusions
- personal belongings
- Rental Items
- Hot Water Tank (if applicable)
Waterfront
- Water Body
- Otonabee River
- Shoreline
- Shallow, Mixed
- Docking
- Private
Community
Postal area K0L
- Population
- 78,142
- Private dwellings
- 48,786
- Median age
- 54
- Average household size
- 2.3
- Median household income
- $79,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Otonabee-South Monaghan · last 12 months
- Median sold price
- $630,000
- Homes sold
- 100
- Median days on market
- 36
- Sale-to-list price
- 95.5%
Based on 100 recorded sales of residential freehold properties in Otonabee-South Monaghan over the last 12 months.
Rooms
3-piece
Main
- Bathroom
- Bedroom8' x 8'
- Bedroom8' x 11'8"
- Bedroom7'8" x 10'8"
- Kitchen8'6" x 9'
- Living Room13' x 18'
Listed by
RE/MAX HALLMARK EASTERN REALTY
Location
Mortgage Calculator
$109,800
Estimated Monthly Payment
$2,697
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,697/mo (20% down, 5.5%)
Taxes: $220/mo · Insurance: $137/mo
Estimates only. Consult a financial advisor.
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