337/338 Rainbow Drive
FOR SALE
$499,900
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
3
BEDROOMS 1
BATHROOMS 1
KITCHENS 7
ROOMS X14147176
MLSID Contact Us
Property 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.
Call
Property Features
Water Heater, Other, Dock, Stairs to Waterfront, River Front
Call
Property Details
Address
337/338 Rainbow Drive
Community
Postal Code
K0L 1B0
Property Type
Detached, Detached
Zoning
Seasonal/Recreational
Lot Size
85' x 102'
Taxes
$2,641 (2025
Basement
Partially Finished
Heat Type
Heat Pump
Heat Source
Electric
Water
Other
Parking Spaces
5
Garage Type
Detached
Call
Listing contracted with Re/Max Hallmark Eastern Realty
Located on the scenic shores of Rice Lake. The property offers an incredible opportunity to create your dream waterfront retreat. With approx 75 feet of pristine south-facing waterfront, and part of the renowned Trent-Severn Waterway, this lot provides ideal conditions for fishing, boating, and enjoying the stunning natural beauty of the area. There is an existing cottage however the lot is being sold as land value only. Take advantage of the spacious lot for your possible dream home. Many cottages in the area are being upgraded into luxurious homes, making this the ideal time to invest. The property is in a prime location with easy access to all amenities and is just a short drive from Peterborough, Durham Region, and Toronto. The property next door is also for sale at 669 North Shore and is another approx 75 foot lot. The famous butter tarts at the local Bakery are a local treat, and golf enthusiasts will love the proximity to nearby courses. Whether you're looking for a weekend getaway or a full-time residence, this is a rare opportunity to own a piece of Rice Lake waterfront, where you can enjoy serene views, great fishing, and endless boating possibilities. Don't miss your chance to own one or both of these exceptional properties, ideal for building your perfect lakeside retreat! Cottage is not available to view. Being sold as land value only. Property being sold as is where is with no warranties.
Call
What an opportunity to enter into the Cottage Lifestyle on Rice Lake! This 3 bedroom, 1 bath entry level island waterfront property offers move-in ready, low maintenance cottaging. Dock your boat on the newly installed dock and enjoy a cool beverage lakeside on the new sitting area. A freshly installed kitchen with fridge and stove (included in sale) is just waiting for its first family gathering. The living room/dining room is flooded with lots of natural light, from new windows and patio door, and allows for easy access to a large deck overlooking the water. Pine covered walls are found throughout the main areas of the cottage and the three spacious bedrooms. Maintenance is low with full insulation, new siding, soffits, fascia and eaves. A new steel roof on the front and 5-year-old shingles on the rear plus a new steel roof on the shed keeps ownership costs down. The fresh bathroom offers a new vanity and light fixture. A new subfloor and flooring keep the cottage nice and tidy and a new ductless heat pump and baseboards help to keep the cold at bay. A large rear yard provides plenty of space for the kids to play, veggie gardens or natural oasis away from city lights. Just a short 4 minute boat ride you can be lakeside relaxing in no time.
Call
Nothing better than life by the waters edge. Nestled out of the wind and waves in a nice little cove with spectacular western sunsets overlooking the lake and the Trent Waterways system. This 3 Bedroom, 3 Season home offers endless miles of boating and adventure to small towns and villages, locks, restaurants, shopping, and endless action and fishing right from your dock. Large beautiful mature oak, willow, and other trees provide a thick natural canopy to escape the summer heat. Huge front deck to enjoy outdoors meals and space to unwind from a busy week in the city. Access to large common forest area with approx. 2km of walking trails. Great fishing both summer and winter. Rice Lake is part of a major snowmobile trail system giving access to all the trail systems. Meticulously clean, nothing to do but bring the family and make the memories. Turnkey set up. Approved septic system. Beautiful lake side deck, aluminum docking system with boat lift. Great access to internet. Clean sandy waterfront off the dock, perfect for swimming and boating, or just watching the world float past. Possession is totally flexible 15 to 60 days TBA. Fantastic, well kept, beautiful air tight wood stove to take the chill off. Large high and dry crawl space for storage. Boat slip at Islandview Harbour Marina paid for the balance of the season. Includes 2003 Larson SEI 190 with trailer. Shingles replaced 2025, exterior painted 2026. There is a dug well on the property but is not used. Offers anytime.
Call
Discover an affordable opportunity to enjoy year-round waterfront living on the beautiful Otonabee River at 42 Willow! With 108 feet of waterfront, this charming 2-bedroom, 1-bathroom home offers a peaceful setting just a short drive from Peterborough. Featuring 895 square feet of living space, the home offers a comfortable, functional layout with a cozy wood stove and oil heating to keep you warm through the cooler months. Enjoy morning coffee overlooking the river, summer afternoons by the water, and quiet winter evenings beside the fire. A detached 1.5-car garage provides excellent space for parking, storage, or a workshop. Situated on privately leased land at just $3,000 annually, with 2026 property taxes of $1,528.71, this property offers an appealing alternative to traditional freehold waterfront ownership. Whether you're looking to downsize, escape the city, or settle into a quieter pace of life, this four-season home offers the opportunity to enjoy everything the Otonabee River has to offer, all year long!
Call
Call