337/338 RAINBOW Drive, Otonabee-South Monaghan, ON K0L 1B0
Otonabee-South Monaghan · Near Second Line · View map
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.
The home
- Type
- Bungalow
- Style
- Bungalow
- Square footage
- < 700 sq ft
- Bedrooms
- 3
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 7
- Basement
- Partially Finished
- Lot size
- 85 x 102 ft
- Faces
- East
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Vinyl Siding
Heating & cooling
- Heating fuel
- Electric
- Heating type
- Heat Pump
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 1
- Driveway spaces
- 5
- Total parking
- 6
Taxes & other
- Property taxes
- $2,641/yr
- Tax year
- 2025
- Occupancy
- Owner
- Possession
- Flexible
- Cross street
- Second Line
- Neighbourhood
- Otonabee-South Monaghan
More
- Listed
- Jul 14, 2026 · 91 days ago
- MLS® number
- X13561740
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The home and its surroundings
- Water Heater
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
337/338 RAINBOW Drive, Otonabee-South Monaghan, ON K0L 1B0
Otonabee-South Monaghan · Near Second Line
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Listing history for 337/338 RAINBOW Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 337/338 RAINBOW Drive
Answers come straight from this home’s MLS® listing.
How much is 337/338 RAINBOW Drive listed for, and what would it cost each month?
337/338 RAINBOW Drive is listed for $549,000. With 20% down ($109,800), the mortgage payment would be roughly $2,215 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,435 a month, all in. That figure is an illustration, not a quote.
Is 337/338 RAINBOW Drive freehold or a condo, and is there a monthly fee?
337/338 RAINBOW Drive is a bungalow in Otonabee-South Monaghan. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 337/338 RAINBOW Drive have?
337/338 RAINBOW Drive has 3 bedrooms and 1 bathroom.
Does 337/338 RAINBOW Drive have a garage and parking?
Yes. The listing shows the garage as detached, with room for 1 car. The driveway adds 5 spaces. In total the listing counts 6 parking spaces.
Does 337/338 RAINBOW Drive have a finished basement?
The listing describes the basement as partially finished. Finished basement space is usually not counted in the square footage shown.
What style of home is 337/338 RAINBOW Drive?
337/338 RAINBOW Drive is a bungalow. A bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 337/338 RAINBOW Drive, and what is the lot size?
The lot is listed as 85 x 102 ft.
How is 337/338 RAINBOW Drive heated and cooled?
Heating is heat pump (electric). Cooling is central air.
What are the property taxes for 337/338 RAINBOW Drive?
Property taxes are $2,641 a year (2025), or about $220 a month.
Where is 337/338 RAINBOW Drive?
337/338 RAINBOW Drive is in Otonabee-South Monaghan. The nearest main intersection is Second Line. The postal code is K0L 1B0.
How long has 337/338 RAINBOW Drive been on the market?
337/338 RAINBOW Drive was listed on July 14, 2026. It has been on the market for 91 days. It is an active listing (MLS® X13561740). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 337/338 RAINBOW Drive asking?
Similar bungalow-style homes for sale nearby right now include 82 Cow Island at $549,900 (3 bed), 19 County Rd 2 at $629,000 (3 bed) and 671 North Shore Drive E at $449,000 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 337/338 RAINBOW Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 337/338 RAINBOW Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Otonabee-South Monaghan, picked by style, size and price.
Bungalow$549,90082 Cow Island, Otonabee-South Monaghan3 bed · 1 bath · Otonabee-South MonaghanCourtesy of: RE/MAX Jazz INC.View home →
Bungalow$629,00019 County Rd 2, Otonabee-South Monaghan3 bed · 2 bath · Otonabee-South MonaghanCourtesy of: Royal LePage Frank Real EstateView home →
Bungalow$449,000671 North Shore Drive E, Otonabee-South Monaghan3 bed · 1 bath · Otonabee-South MonaghanCourtesy of: WEISS REALTY LTD.View home →Courtesy of: RE/MAX HALLMARK EASTERN REALTY
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.