337/338 RAINBOW Drive, photo 1

For sale Otonabee-South Monaghan, Otonabee-South Monaghan, ON

337/338 RAINBOW Drive

List price
$549,000
Sq ft
< 700
Bedrooms
3
Bathrooms
1

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.

Photos of 337/338 RAINBOW Drive

Facts and features of 337/338 RAINBOW Drive

Key facts
TypeDetached
StyleBungalow
Bedrooms3
Bathrooms1
Size< 700 sq ft
Lot85 x 102 Feet
Parking6
GarageDetached
HeatingHeat Pump
CoolingCentral Air
BasementPartially Finished
ExteriorVinyl Siding
Taxes$2,641 (2025)
Days on market109
Listing brokerageRE/MAX HALLMARK EASTERN REALTY

Rooms

6 rooms, with sizes

RoomLevelSizeFeatures
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″
Bathroom Main 0′ 0″ × 0′ 0″
Bedroom Main 7′ 8″ × 10′ 8″

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337/338 RAINBOW Drive

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MLS® X13561740 Data source: PropTx Listed July 14, 2026