281 Rainbow Dr

Otonabee-South Monaghan | Rural Otonabee-South Monaghan | K0L 1B0
  • 3 + 1
  • 2
  • 0

$949,999

Est. Mtg $3,221 /mo
  • Days on market

    42

  • Status

    New

Listing Broker GFA REALTY LTD.
Since listed: 1 views

Home details

MLS #:

X9269221

Property type:
Cottage
Style:
Bungalow
Taxes:
$4,035
Possession:
30/60/90
Lot Front:
80.09   Feet
Lot Depth:
111.19   Feet
Basement:
Fin W/O |
Driveway Pkg:
4
Heat:
Oil | Forced Air

Description


281 Rainbow Dr, , Otonabee-South Monaghan, Ontario is a Cottage property in Otonabee-South Monaghan and in the Rural Otonabee-South Monaghan community in the K0L 1B0 postal code


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..

Extras

Experience unparalleled tranquility and outdoor enjoyment, all in one remarkable location. Located just 5 minutes from Bailieboro on a quiet road, this year-round cottage features beamed ceilings and an open concept..


History

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List Date End Date List Price End Price Status MLS #
2021-08 2021-08 $699,000 $925,000 Sld X5338709
2022-08 2022-11 $1,179,000 $1,179,000 Exp X5731069
2022-11 2023-08 $1,179,000 $1,119,000 Exp X5828118
2023-10 2024-03 $1,024,999 $1,024,999 Exp X7047236
2024-08 2024-09 $949,999 $949,999 New X9269221

Comparables

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sold Date Address List Price sold Price DOM
2023-08 54 Long Island W, $339,900 $261,000 98
2022-06 66 Cow Island, $699,000 $700,000 7
2021-08 55 Long Island, $399,900 $375,000 58
2021-05 577 North Shore Dr W, $699,900 $740,000 5
2021-05 70 Cow Island, $599,000 $715,000 10
2020-08 5679 Arrowhead Rd, # 295 $330,000 $350,100 1
2020-06 611 North Shore Dr W, $330,000 $330,000 12
2019-07 41 Cow Island, $364,900 $348,000 52
2019-06 38 Long Island, $324,900 $317,000 17
2018-07 24 Long Island, $289,900 $289,900 4

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Otonabee-South Monaghan :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 281 Rainbow Dr

Based on available 3rd party data

$3692

Approximate costs per month

Mortgage
$3221 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$336 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Lake Access
  • River/Stream
  • Waterfront
Listing Broker GFA REALTY LTD.
Data Source: TRREB

Payment calculator

$3557 monthly. In association with: TD Bank
%
  • Principal and Interest
    3221 /mo
  • Property Taxes
    $336 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Palma Dametto, Realtor

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