For Sale

281 Rainbow Drive, Otonabee-South Monaghan, Ontario K0L 1B0

$857,000

281 Rainbow Drive, Otonabee-South Monaghan, Ontario K0L 1B0 is For Sale and has a listing price of 857,000. The property is located in the Otonabee-South Monaghan neighbourhood . It's been on the website for 12 Days.

  • Detached
    Property Type
  • 4
    Bedrooms
  • 2
    Bathrooms
  • Parking
  • MLS ID: X12479727
  • Office Name GFA REALTY LTD.
Property Description

Client RemarksAbsolutely stunning riverfront cottage situated on the tranquil Otonabee River at Rice Lake. This fully furnished, all-season bungalow showcases four bedrooms, two bathrooms, and two well-appointed kitchens. The inviting open-concept layout creates a warm and cozy atmosphere, making it the perfect setting for intimate gatherings or lively get-togethers. For outdoor enthusiasts, this property is a dream come true. Enjoy the convenience of a BBQ, a fire pit, and comfortable lawn chairs, all set amidst the natural beauty of the surroundings. Water activities are plentiful, thanks to a private dock that’s perfect for swimming. The dock is also equipped with an electric covered boat lift, a boat slip, and a marine rail for easy access to the river. Additional amenities include two sheds and a charming gazebo. Security system and cameras in place so you can rest easy! Oil heater was replaced in 2025 to a propane heater for all of your heating needs.

Property Details
  • Property Type: All Houses
  • Listing Type: For Sale
  • Listing ID: X12479727
  • Price: $857,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 111.19
  • Ref ID: X12479727
  • Approx Sqft: < 700
  • Dir / Cross St: Rainbow / 2nd Line
  • Status: Active
  • Tax Year: 2024
  • Property Type: Detached
  • Property Sub Category: Detached
Price History
List Date MLS ID List Price Status End Date Closed Price
10/24/2025 X12479727 $857,000 For Sale - -
04/24/2025 X12100857 $949,000 Cancelled 05/29/2025 -
08/26/2024 X9269221 $949,999 Expired -
10/01/2023 X7047236 $1,024,999 Expired -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Otonabee-South Monaghan
  • $775,655 Average List Price
    based on 1 year
  • 44 New Listings
    based on 30 days
  • 55 Median Days on Market
    based on 1 year
  • List vs. Selling Price 145.41 % Up
  • Sold (12mo) 93
  • Rented (12mo) 14

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
Property Type Distribution
  • All Houses
    64.27%
  • All Houses/Commercial
    0.05%
  • Commercial
    34.11%
  • Condo
    0.56%
  • Land for Sale
    1.01%
Additional Details
  • Heat Type Forced Air
  • Heat Source Oil
  • Style Bungalow
  • Washroom Type1: 1
  • Heating System Y
  • Garage Type Y
  • Parking Spaces: 4
  • Exterior Vinyl Siding
  • Kitchen 2
  • Fireplace Y
  • Parking Y
  • Family Room: 1
  • Washrooms Type 1 # Pcs: 3
  • Washrooms Type 2 # Pcs: 2
  • Washrooms Type 2: 1
  • Taxes: $4,035
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flex
  • Listing Entry Date: 24/10/2025 01:45:10
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