337/338 RAINBOW Drive

ActiveOtonabee-South Monaghan · Otonabee-South Monaghan23 days on marketMLS® X13561740

$549,000

$784 / sq ft

Bedrooms3

Bathrooms1

Interior700 sq ft

TypeSingle Family Home

ListingFor Sale

Days on Market23

About this property

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.

Features & finishes

Waterfront

View

Air Conditioning

Basement

Property details

MLS® Number	X13561740
Status	Active
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	700 sq ft
Beds / Baths	3 bed · 1 bath
Neighbourhood	Otonabee-South Monaghan
City	Otonabee-South Monaghan
Postal Code	K0L 1B0
Province	ON
Listed Date	July 14, 2026
Days on Market	23
Price per Sq Ft	$784
Brokerage	RE/MAX HALLMARK EASTERN REALTY