$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
Features
Interior
- Water Heater
Pool
- None
- Included
- Fridge, stove, dishwasher
- Excluded
- personal belongings
- Rental items
- Hot Water Tank (if applicable)
Mortgage calculator
Estimated mortgage payment
$2,431 per month
- Principal and interest
- $2,431
- Property tax
- $220
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $117,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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