Gurvinder Nokwal REALTOR®
For Sale Detached 96 days on market

$549,000

Est. payment $2,431/moCalculate yours

337/338 RAINBOW Drive, Otonabee-South Monaghan, ON K0L 1B0

Otonabee-South Monaghan, Otonabee-South Monaghan, ON K0L 1B0

  • 3 Beds
  • 1 Baths
  • 1 Garage

Listing courtesy of RE/MAX HALLMARK EASTERN REALTY MLS® X13561740

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.

Property details

Overview

Property Type
Detached
Style
Bungalow
For
For Sale
Status
Sold Conditional
Size
< 700 sqft

Interior

Bedrooms
3
Bathrooms
1
Kitchens
1
Total Rooms
7
Basement
Partially Finished

Building & Systems

Heating
Heat Pump (Electric)
Cooling
Central Air
Exterior
Vinyl Siding
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water
Other
Sewer
Holding Tank

Lot & Parking

Lot Size
85 x 102 Feet
Parking
Detached garage · 6 total
Zoning
Seasonal/Recreational

Financial

Property Taxes
$2,641 (2025)

Location

Neighbourhood
Otonabee-South Monaghan
Cross Street
Second Line
Direction Faces
East

Listing

MLS® Number
X13561740
Days on Market
96
Listed On
2026-07-14
Possession
Flexible
Listed By
RE/MAX HALLMARK EASTERN REALTY

Rooms

Room Level Dimensions
Bedroom Main 8′ 0″ × 8′ 0″
Bedroom Main 8′ 0″ × 11′ 8″
Living Room Main 13′ 0″ × 18′ 0″
Kitchen Main 8′ 6″ × 9′ 0″
- Main 7′ 0″ × 7′ 9″
Bathroom Main -
Bedroom Main 7′ 8″ × 10′ 8″

Features

Interior

  • Water Heater

Pool

  • None
Included
Fridge, stove, dishwasher
Excluded
personal belongings
Rental items
Hot Water Tank (if applicable)

Mortgage calculator

Minimum for this price: $29,900 (5.45%)

Amortization, years

Estimated mortgage payment

$2,431 per month

Principal and interest
$2,431
Property tax
$220
Estimated monthly cost
$2,651

Your mortgage

Mortgage amount
$439,200
Mortgage insurance
Not needed
Interest over 25 years
$290,056

Cash to close

Down payment
$109,800
Land transfer tax
$7,455
Total, before legal fees
$117,255
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

337/338 RAINBOW Drive, Otonabee-South Monaghan, ON K0L 1B0 Otonabee-South Monaghan, Otonabee-South Monaghan, ON K0L 1B0
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

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