$549,000
Otonabee-South Monaghan
337/338 RAINBOW Drive, Otonabee-South Monaghan, Ontario, K0L1B0
This 3-bedroom, 1-bathroom home in Otonabee-South Monaghan is for sale offering roughly 350 sq ft of space. Its $549,000 asking price sits right in line with the $559,000 median in Otonabee-South Monaghan.
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. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 113 days on market, against an average age of 98 days across the listings currently for sale in this city
This 3-bed single family in Otonabee-South Monaghan is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $549,000, about 6.9× the local median household income of $79,000.
Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 36% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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