Sold for:Sold Apr 29, 2025
$429,000

335 Rainbow Drive

Cavan Monaghan, ON K0K 1B0

Detached House SoldNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 335 Rainbow Drive, Cavan Monaghan, Cavan-Monaghan

2025-04-11
2025-04-29
Sold
Price
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MLS#
x12077507

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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 335 Rainbow Drive, Cavan Monaghan, Cavan-Monaghan

Nestled along the picturesque shores of the Otonabee River, this quaint 2-bedroom, 1-bath three-season cottage offers a serene escape amidst nature's beauty. Enjoy access to the Trent Severn Waterway, perfect for swimming, boating, fishing, and bird watching. The cottage features a cozy wood-burning stove, ideal for cooler evenings, and boasts a private, year-round road with minimal maintenance fees ($150 annually, subject to change). Relax on the spacious L-shaped 20 x 12 deck overlooking tranquil waters, just 1 km from Rice Lake and a short drive to the charming Rolling Grape Vineyard and hamlet of Bailieboro. Located only 20 minutes from Peterborough, this retreat promises a perfect balance of relaxation and adventure in a truly idyllic setting. This has not yet been proofed for accuracy.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,037
Land Transfer Tax Fee
$5,055

Rental Items

Rental Equipment
none

Basement Type
Crawl Space

Interior Features

Interior Extras
Water Heater
View
River
Security Features
Carbon Monoxide Detectors, Smoke Detector
Fireplace/Stove
Yes
Fireplace Features
Wood
Elevator
No

Exterior Features

Pool
None
Other Structures
Shed

Building

Building Type
Detached
Building Style
Bungalow

Construction

Exterior Finish
Other
Roof
Metal
Foundation Details
Block
Special Designation
Unknown

Lot

Lot Front
57.00 ft
Lot Depth
100.00 ft

Inclusions

Inclusions
BBQ on deck, outside table and chairs, swing on deck, fridge, stove, woodstove, all ELF except some lamps, Sheds x 2, window coverings except ones mentioned below. Please see attachment in documents, All inclusions as is condition.

Exclusions

Exclusions
4 lamps, deck lounge, some cottage furniture, as per document

Parking & Garages

Garage Type
None
Garage Spaces
3
Parking Spaces
3
Total Garage And Parking Spaces
3

Heating & Cooling

Heat Source
Other
Heat Type
Other
Air Conditioning
Other
Water
Other
Sewers
Holding Tank
Hydro
Yes

Bedrooms
2
Washrooms
1
Kitchens
1

Room sizes

  • Bedroom—
    Main level
  • Kitchen—
    Main level
  • Dining Room—
    Main level
  • Living Room—
    Main level
  • Primary Bedroom—
    Main level

Washrooms

  • 3-piece

Municipality
Cavan Monaghan
Neighbourhood
Cavan-Monaghan
Main cross streets
2nd Line/Rainbow
Directions
2nd Line/Rainbow
Waterfront
Direct

MLS® number
X12077507
Data source
Toronto Regional Real Estate Board
Status change
2025-04-29
Listed on
2025-04-11
Days on market
18 days
Possession type
Flexible
Co-op commission
2.5
Seller
Listed by
ROYAL LEPAGE PROALLIANCE REALTY

Home Market Value

Current home valuation for 335 Rainbow Drive, Cavan Monaghan, Cavan-Monaghan, Cavan Monaghan, ON. Listed for $429,000

HOMEH Estimate

?

$442,431

Estimated Sales Range

?

$309,702 - $575,160

HOMEH Estimate for 335 Rainbow Drive, Cavan Monaghan, Cavan-Monaghan

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

$442,431Low confidence
Based on 5 comparable properties
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Mortgage Payment Calculator

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Cavan Monaghan, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$21,450

Scenario 1 Scenario 2 Scenario 3 Scenario 4
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%
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$
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+CMHC insurance
$16,302$11,969$10,210$0
=Total mortgage
$423,852$398,069$374,860$343,200
Amortization
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Payment frequency
=Mortgage payment
$2,069monthly$1,944monthly$1,830monthly$1,676monthly
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Land Transfer Tax

Provincial

$5,055

Total Land Transfer Tax

$5,055

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