12 days on Market

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

Detached
3 + 1
2
- sqft
$949,000
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Detached
3 + 1
2
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$4,076/mo

Tax Amount (2024)$4,035/yr

Days On Market12 days


Description

Absolutely 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!


Property Details

StyleBungalow
View-
Age of property-
SqFt-
Lot Size8,905 SqFt(111.19 x 80.09)
Parking Spaces4
MLS ®NumberX12100857
Community NameOtonabee-South Monaghan
Data SourceTRREB
Listing byGFA REALTY LTD.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Fin W/O

Main Floor

Living

7.62 x 3.2

Broadloom / W/O To Deck / Vaulted Ceiling

Kitchen

5.09 x 3.65

Laminate / Window

Primary

3.35 x 2.74

Window / Vaulted Ceiling

2nd Br

3.2 x 2.28

Window / Vaulted Ceiling


Features

Lot size: 8,905 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

Apr 24, 2025
ListedActive
$949,000
12 days on market
history photo preview31
Listing by trreb®
Property listed by GFA REALTY LTD., Brokerage
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Market Data - Otonabee-South Monaghan

Geo Zone Map ThumbnailOtonabee-South Monaghan

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

24 days

Compared to

2024

23 days

2023

67 days

2022

11 days

New Listings

Past 30 days

16 listings

Compared to

2024

26 listings

2023

28 listings

2022

30 listings

Units sold

Past 30 days

6 units

Compared to

2024

8 units

2023

15 units

2022

14 units

Median Sold Price

Past 30 days

$647,500

Compared to

2024

$775,500

2023

$950,000

2022

$768,000


Population and Demographics

Overview

Total population 8093
Average household income $121,448

Age (%)

50 to 64
25%
65 and plus
24%
0 to 19
20%
35 to 49
16%
20 to 34
15%

Household composition (%)

Single family
75%
Single person
22%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
96%
Others
3%

House tenancy (%)

Owners
88%
Renters
12%

Schools and amenities

Estimated Budget