For sale 50$549,000
337/338 Rainbow Drive
Otonabee-South Monaghan, Ontario K0L1B0
For sale· Added
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
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Property details
Listing
- MLS® number
- X13561740
- Added
- Jul 14, 2026 ()
- Updated
- Aug 10, 2026 ()
- Info refreshed
Overview
- Property type
- Single Family
- Building type
- Detached
- Style
- Bungalow
- Storeys
- 1
- Ownership
- Freehold
Inside
- Bedrooms
- 3
- Bathrooms
- 1
- Heating
- Heat Pump, Electric
- Cooling
- Central air conditioning
- Fireplace
- No
- Appliances
- Refrigerator, Dishwasher, Stove, Water Heater
Building
- Basement
- Partially finished
- Exterior
- Vinyl siding
- Foundation
- Poured Concrete
- Parking
- Detached Garage, Garage · 6 spaces
Land
- Lot size
- 85 x 102 ft
- Waterfront
- Waterfront on river
- Body of water
- Otonabee River
- View
- Direct Water View
- Zoning
- Seasonal/Recreational
Services
- Water
- Lake/River Water Intake
- Sewer
- Holding Tank
Location
- Cross streets
- Second Line
- Directions
- Second Line to Rainbow Drive.
Running costs
- Annual property tax
- $2,641
Rooms
| Kitchen | Main level | 2.59 x 2.74 m |
| Living room | Main level | 3.96 x 5.48 m |
| Bedroom | Main level | 2.43 x 3.55 m |
| Bedroom | Main level | 2.43 x 2.43 m |
| Bedroom | Main level | 2.33 x 3.25 m |
| Bathroom | Main level | 0 x 0 m |
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