337/338 RAINBOW Drive, Otonabee-South Monaghan, ON K0L 1B0
$599,000
$599,000

337/338 RAINBOW Drive

Otonabee-South Monaghan, Otonabee-South Monaghan, Peterborough $599,000

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3 Beds
1 Baths
< 700 sqft
Detached Garage
Parking for 5
East Facing
Zoning: Seasonal/Recreational
MLS®#:
X13478832
Property Type:
Detached
Property Style:
Bungalow
Area:
Peterborough
Community:
Otonabee-South Monaghan
Taxes:
$2,641 / 2025
Added:
June 22 2026
Lot Frontage:
85
Lot Depth:
102
Status:
Active
Outside:
Vinyl Siding
Year Built:
Basement:
None
Brokerage:
RE/MAX HALLMARK EASTERN REALTY
Lot :

102

85

Intersection:
Second Line
Rooms:
Bedrooms:
3
Bathrooms:
1
Fireplace:
Utilities
Water:
Other
Cooling:
Window Unit(s)
Heating Type:
Heat Pump
Heating Fuel:
Kitchen 2.59 x 2.74m

Main Level
Living Room 3.96 x 5.48m

Main Level
2.13 x 2.36m

Main Level
Bedroom 2.43 x 3.55m

Main Level
Bedroom 2.43 x 2.43m

Main Level
Bedroom 2.33 x 3.25m

Main Level
Bathroom 0

Main Level

Listing Details

This seasonal riverfront property offers space, water views, and an easygoing place to enjoy weekends, summer holidays, and time with family - Raised bungalow, detached garage, dock, stairs to the waterfront, shallow entry, and a peaceful Kawartha cottage lifestyle. There is something special about a cottage that gives you room to spread out. The main cottage features 3 bedrooms, 1 bathroom, and an open kitchen and living area. From the upper living area, walk out to a large deck, perfect for sitting, entertaining, BBQs, morning coffee, and taking in the outdoor setting. The newer 8 ft high lower level with walkout offers a large open-concept area that can be set up to suit your needs, whether that means a games room, lounge area, hobby space, extra gathering area, or future finished living space, subject to any required approvals. A rough-in for a bathroom adds another practical feature for buyers thinking about future plans. At the shoreline, enjoy the dock, stairs to the water, shallow entry, mixed shoreline, and direct riverfront access for fishing, boating, swimming, paddling, or quiet mornings by the Otonabee River. The rare two-lot setup is a major part of the value. The second lot includes a detached garage, extra outdoor space, added privacy, and parking for cars, boats, and cottage toys, along with useful flexibility for future use, subject to zoning, conservation, and municipal approvals. The property is also understood to benefit from two rights-of-way for water access, with buyers to verify the location, use, and legal status of all rights-of-way.15 minutes from Peterborough and about 90 minutes from Toronto, according to the township. Nearby Squirrel Creek Conservation Area offers river access, a public beach, boat launch, picnic areas, sports fields, and winter recreation. Rice Lake is part of the Trent-Severn Waterway and is known for boating, fishing, paddling, islands, coves, and cottage-country recreation.

Fridge, stove

Insights

  1. Prime Riverfront Access: This property boasts direct access to the Otonabee River, perfect for fishing, boating, and swimming, enhancing its appeal for outdoor enthusiasts and families seeking a recreational retreat.
  2. Spacious Two-Lot Setup: The unique two-lot configuration provides added privacy, ample parking for vehicles and watercraft, and potential for future development, making it a versatile investment opportunity.
  3. Flexible Living Space: The newer lower level with a walkout offers a customizable open-concept area, ideal for a games room or additional living space, along with a rough-in for a bathroom, allowing for future enhancements.

Sale/Lease History of 337/338 RAINBOW Drive

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Neighborhood Overview

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Otonabee-South Monaghan home prices

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Insights for 337/338 RAINBOW Drive

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)