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For saleListed 89 days agoMLS® X13561740

337/338 RAINBOW Drive, Otonabee-South Monaghan, ON

Otonabee-South Monaghan · Otonabee River · View map

$549,000
3Beds
1Baths
< 700Sq ft
Otonabee RiverWaterbody
85 ftFrontage
BungalowStyle
< .50Lot
Water Only, Private RoadAccess
$2,641/yrTaxes
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$549,000
Direct waterfrontOn Otonabee River
85 ft of frontageMeasured along the water
Water accessReached by boat

About this property

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 property

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Parking
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Estimated monthly cost—Mortgage, property tax and insurance
  • Mortgage
  • Property tax
  • Insurance

Cash needed to close

  • Down payment
  • Ontario land transfer tax
  • Legal fees and title insurance (est.)
  • Inspections: building, septic, water (est.)
  • Total to close

Estimates for illustration only. Recreational property can need a larger down payment and a different rate than a city home. See how cottage financing works.

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337/338 RAINBOW Drive, Otonabee-South Monaghan, ON

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Listing courtesy of RE/MAX HALLMARK EASTERN REALTY. Listing data © PropTx MLS®. Information deemed reliable but not guaranteed.

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