For Sale: 337/338 Rainbow Drive, Otonabee-South Monaghan, ON - REW
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$549,000
3 bd • 1 ba • < 698 sf • House
337/338 Rainbow Drive
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$549,000
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337/338 Rainbow DriveOtonabee-South Monaghan, ON, K0L 1B0

  • 3 Bed
  • 1 Bath
  • < 698 Sqft
  • House

About this home

This seasonal riverfront property offers space, water views, and an easygoing place to enjoy weekends, summer holidays, and time with family - Raised bungalow, detached garage, dock, stairs to the waterfront, shallow entry, and a peaceful Kawartha cottage lifestyle. There is something special about a cottage that gives you room to spread out. The main cottage features 3 bedrooms, 1 bathroom, and an open kitchen and living area. From the upper living area, walk out to a large deck, perfect for sitting, entertaining, BBQs, morning coffee, and taking in the outdoor setting. The newer 8 ft high lower level with walkout offers a large open-concept area that can be set up to suit your needs, whether that means a games room, lounge area, hobby space, extra gathering area, or future finished living space, subject to any required approvals. A rough-in for a bathroom adds another practical feature for buyers thinking about future plans. At the shoreline, enjoy the dock, stairs to the water, shallow entry, mixed shoreline, and direct riverfront access for fishing, boating, swimming, paddling, or quiet mornings by the Otonabee River. The rare two-lot setup is a major part of the value. The second lot includes a detached garage, extra outdoor space, added privacy, and parking for cars, boats, and cottage toys, along with useful flexibility for future use, subject to zoning, conservation, and municipal approvals. The property is also understood to benefit from two rights-of-way for water access, with buyers to verify the location, use, and legal status of all rights-of-way.15 minutes from Peterborough and about 90 minutes from Toronto, according to the township. Nearby Squirrel Creek Conservation Area offers river access, a public beach, boat launch, picnic areas, sports fields, and winter recreation. Rice Lake is part of the Trent-Severn Waterway and is known for boating, fishing, paddling, islands, coves, and cottage-country recreation. (id:63626)
Listed by: Frank Rosso, Salesperson, RE/MAX HALLMARK EASTERN REALTY

Home facts and features

Price details
List Price
$549,000
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Gross Taxes for 2026
$2,641
Home facts
Bedrooms
3
Full Bathrooms
1
Parking Spaces
6
Parking Details
Detached Garage, Garage
Property Type
House
Depth
102 feet
Frontage
85.0 feet
Title
Freehold
Style
Bungalow
Exterior Finish
Vinyl siding
Heating Type
Heat Pump, Electric
Cooling
Window air conditioner
Appliances
Refrigerator, Stove, Water Heater
Agent details
Primary Agent
Frank Rosso
Primary Broker
RE/MAX HALLMARK EASTERN REALTY
Listing details
Days on REW
12 Days
Property Views
12
MLS® Number
X13561740
Source
Canadian Real Estate Association
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Salesperson
Frank Rosso
Phone:
705 933-9688
Cell:
7059339688
Office:
705-652-3367
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