337/338 RAINBOW Drive, Otonabee-South Monaghan, ON K0L 1B0
  • $549,000

Overview

  • Detached, Style Bungalow
  • Type
  • 3
  • Bedrooms
  • 1
  • Bathroom

Description

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.

  • Address: RAINBOW
  • City: Otonabee-South Monaghan
  • State/county: Peterborough
  • Zip/Postal Code: K0L 1B0
  • Area: Otonabee-South Monaghan

Details

Updated on September 30, 2026 at 5:35 am
  • Price $549,000
  • Bedrooms 3
  • Bathroom 1
  • Type Detached, Style Bungalow
  • Property Status Residential Freehold

Additional details

  • Bedrooms 3
  • Tax Year 2025
  • Square Footage < 700
  • Washrooms 1
  • Kitchens 1
  • Total Kitchens 1
  • Basement Partially Finished
  • Heating Type Heat Pump
  • Heating Fuel Electric
  • Air Conditioning Central Air
  • Sewers Holding Tank
  • Front 85
  • Depth 102
  • Lot Size Under 0.5 acres
  • Garage Type Detached
  • Driveway Other
  • Parking Spaces 5
  • Total Parking Spaces 6
  • Exterior Finish Vinyl Siding
  • Property Orientation East
  • Waterfront Direct
  • Taxes 2641
  • Occupancy Owner
  • Cross Street Second Line
  • Courtesy of RE/MAX HALLMARK EASTERN REALTY
  • Price per Sq Ft ~$923 (at 595 sq ft)
  • Listed Jul 14, 2026 ยท 78 days on market

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