337/338 RAINBOW Drive
Otonabee-South Monaghan · Otonabee-South Monaghan · ON · K0L 1B0
Listed just now
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.
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No upcoming open houses.
Property details
Rooms & baths
- Kitchens
- 1
- Rooms above / below grade
- 7
- Bedrooms above / below
- 3
- Washrooms
- 1 × 3-pc
Basement
- Basement
- Partially Finished
Heating & cooling
- Heat
- Heat Pump · Electric
- A/C
- Central Air
Interior features
- Water Heater
Outdoor
- Direction faces
- East
Construction
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
Parking & garage
- Garage
- Detached · 1
- Covered spaces
- 1
- Total
- 6
- Features
- Other
Utilities
- Sewer
- Holding Tank
- Water
- Lake/River
Lot
- Width / Depth
- 85 ft · 102 ft
Taxes & fees
- Taxes
- $2,641/2025
Included & excluded
- Inclusions
- Fridge, stove, dishwasher
- Exclusions
- Personal Belongings
Overview
- Property type
- Detached
- Style
- Bungalow
- Possession
- Flexible
- Cross street
- Second Line
Rooms
7 rooms on 1 level
| Type | Dimensions | Features |
|---|---|---|
| Main | ||
| Kitchen | 8'6" × 9' | |
| Living Room | 13' × 18' | |
| Room | 7' × 7'9" | |
| Bedroom | 8' × 11'8" | |
| Bedroom | 8' × 8' | |
| Bedroom | 7'8" × 10'8" | |
| Bathroom | 0' × 0' | |
Mortgage calculator
Location
Cross street: Second Line
Market Overview
Otonabee-South Monaghan
Listing data provided by the Toronto Regional Real Estate Board (TRREB).
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The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
Last updated: November 4, 2026.