Listed for:Listed May 15, 2026
$975,000

1065 Rainbow Lane

Bracebridge (Draper), ON P1L 1X3

Detached House For Sale
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 1065 Rainbow Lane, Bracebridge, Draper

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 1065 Rainbow Lane, Bracebridge, Draper

Summarized Description

  • Renovated cottage on desirable McKay Lake.
  • Open concept design with updated kitchen.
  • Gorgeous lake views from a generous deck.
  • Heated Bunkie with its own deck.
  • New electric sauna overlooking the water.
  • Detached garage and workshop for storage.
  • Generac generator and water filtration system included.
  • Perfect for families or retirees seeking tranquility.

Renovated Four Season Cottage with Bunkie 15 Minutes from Bracebridge. Located 15 minutes off Hwy 11, this three-bedroom two bath cottage on the desirable McKay Lake is perfect for a young family or retirees. Renovations include updated open concept plan, new paint, engineered hardwood, interior doors, pot lights and Decora switches throughout. Kitchen features new windows, cabinets, hardware and counters and both bathrooms have new glass showers, vanities, toilets and tile floors. Kitchen and bathroom plumbing upgraded. This cottage offers a gorgeous view of the lake from a generous deck. There are two bedrooms on the main floor and a potential third bedroom in the upper area currently used as an office. The primary bedroom offers a walk-in closet. The large Bunkie is heated, insulated, offers a sitting room and its own deck. There is a detached 12' x 20' garage for parking or the toys, plus a 11' x 18' Carport, 8' x 12' Workshop and Storage Rooms. The forced air propane furnace was new in Dec 2022. The shoreline is owned and dock boards are new. Bonuses: Generac generator, 2 propane fireplaces, covered parking, water filtration system, appliances included, blinds and curtains, fire pit and new $10,000 Electric Sauna overlooking the water. Furniture is negotiable. Call to view.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$1,505
Land Transfer Tax Fee
$15,975

Rental Items

Rental Equipment
One Propane
Under Contract
None

Basement Type
None

Interior Features

Laundry Level
Main Level
Interior Extras
Accessory Apartment, Propane Tank, Sauna, Storage
View
Clear, Lake, Trees/Woods, Water
Security Features
Carbon Monoxide Detectors, Smoke Detector
Fireplace/Stove
Yes
Fireplace Features
Propane
Elevator
No

Exterior Features

Exterior Extras
Deck, Landscaped
Pool
None
Property Features
Clear View, Waterfront
Other Structures
Additional Garage(s), Sauna

Building

Building Type
Detached
Building Style
Bungalow

Construction

Exterior Finish
Wood
Roof
Asphalt Shingle
Foundation Details
Piers
Special Designation
Unknown

Lot

Lot Front
74.22 ft
Lot Depth
192.50 ft
Lot Size
14291
Lot Shape
Rectangular

Inclusions

Inclusions
Fridge, stone, dishwasher, microwave, washer, dryer, window coverings, outdoor sauna

Exclusions

Exclusions
Furniture is negotiable

Parking & Garages

Garage Type
Detached
Garage Spaces
1
Parking Spaces
4
Total Garage And Parking Spaces
5

Heating & Cooling

Heat Source
Propane
Heat Type
Baseboard
Air Conditioning
Window Unit(s)
Water
Other
Sewers
Septic
Natural Gas
No
Hydro
No
Telephone
Yes

Bedrooms
3
Washrooms
2
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Family Room—
    Main level
  • Kitchen—
    Main level
  • Dining Room—
    Main level
  • Sunroom—
    Main level
  • Bathroom—
    Main level
  • Bathroom—
    Main level
  • Primary Bedroom—
    Main level
  • Bedroom 2—
    Main level
  • Bedroom 3—
    Main level
  • Den—
    Main level

Washrooms

  • 3-piece, Main

Municipality
Bracebridge
Neighbourhood
Draper
Main cross streets
Frserburg and Rainbow Lane
Zoning
SR1
Directions
Fraserburg Road to Rainbow Lane
Waterfront
Direct

MLS® number
X13145088
Data source
Toronto Regional Real Estate Board
Listed on
2026-05-15
Updated on
2026-10-05
Days on market
154 days
Possession type
Flexible
Co-op commission
2.5% plus HST
Seller
Listed by
CAYMAN MARSHALL INTERNATIONAL REALTY INC.

Home Market Value

Current home valuation for 1065 Rainbow Lane, Bracebridge, Draper, Bracebridge, ON. Listed for $975,000

HOMEH Estimate

?

$811,083

Estimated Sales Range

?

$640,756 - $981,410

HOMEH Estimate for 1065 Rainbow Lane, Bracebridge, Draper

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$811,083Medium confidence
Based on 14 comparable properties
+ $163,917 (20%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Bracebridge, ON
Minimum Down Payment Required:7.4%

5% on first $500K + 10% on $475,000 over $500K

Minimum down payment

$72,500

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$36,075$27,203$23,205$0
=Total mortgage
$937,950$904,703$851,955$780,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$4,580monthly$4,417monthly$4,160monthly$3,808monthly
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Land Transfer Tax

Provincial

$15,975

Total Land Transfer Tax

$15,975

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