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Otonabee-South Monaghan, ON

337/338 RAINBOW Drive

$549,000

Data last updated Oct 30, 2026, 8:30 a.m. ET. By using this site you agree to our Terms of Use.

Detached at 337/338 RAINBOW Drive, Otonabee-South Monaghan, ON
337/338 RAINBOW Drive, Otonabee-South Monaghan, ON, photo 2337/338 RAINBOW Drive, Otonabee-South Monaghan, ON, photo 3

Property facts

Price
$549,000
Type
Detached
Bedrooms
3
Bathrooms
1
MLS®
X13561740
Status
active
Brokerage
RE/MAX HALLMARK EASTERN REALTY

About this home

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.

Location

Search the full MLS®

More details

Property tax
$2,641 (2025)
Days on market
109
Style
Bungalow
Lot
85 × 102 Feet
Parking
6 spaces · 1 garage · Detached
Basement
Partially Finished
Heating
Heat Pump
Air conditioning
Central Air
Neighbourhood
Otonabee-South Monaghan
Major intersection
Second Line

Rooms

RoomLevelSize (m)Features
BedroomMain2.43 × 2.43—
BedroomMain2.43 × 3.55—
Living RoomMain3.96 × 5.48—
KitchenMain2.59 × 2.74—
BathroomMain——
BedroomMain2.33 × 3.25—

Details from PropTx (TRREB MLS®) via Repliers. Information deemed reliable but not guaranteed.

Home value