NewFor Sale

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

Detached
TRREB
MLS® Number: X14147176
Estimated Value
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$499,900List Price
3Bedrooms
1Bathrooms
1Garages
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Current valuation for 337/338 RAINBOW Drive, Otonabee-South Monaghan, ON K0L 1B0. Listed for $499,900 on 2026-11-14

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Description

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.

Features

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Amenities

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Summary

Tax:$2,641 / 2025
Listing #:X14147176
Property Type:Detached, Bungalow
Size:< 700 feet²
Land Size:85 x 102 | < .50 acres
Days on CPRB:
Garage:Detached 1 garage
Locker:None
On CPRB Since:
Listing Brokerage:RE/MAX HALLMARK EASTERN REALTY

Rooms

Details

Property

Property Type:Detached
Style:Bungalow
Community:Otonabee-South Monaghan
Municipality:Peterborough

Building

Size:< 700 feet²
Construction:Vinyl Siding

Inside

Bedrooms:3
Bedrooms Above Grade:3
Bathrooms:1
Bathrooms Detail:null, nullpc Main floor
Kitchens:1
Rooms:7
Family Room:No
Appliances Included:Water Heater
Basement:Partially Finished

Parking

Driveway:Other
Garage Type:Detached
Garage Spaces:1
Total Parking Spaces:6

Utilities

Cooling:Central Air
Heating Type:Heat Pump
Heating Fuel:Electric
Utility Sewer:Holding Tank

Land

Cross Street:Second Line

$499,900

List price

337/338 RAINBOW Drive, Otonabee-South Monaghan – Detached for sale