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207 Rainbow Valley Drive

207 Rainbow Valley Drive

Montague, ON

  • 2 bed
  • 2 bath
  • approx. 1100-1500 sqft
  • Detached
  • 69 days on market
$889,900Price reduced 5%

Wonderful, cosy bungalow nestled along the shore of the Unesco World Heritage Rideau just outside Smiths Falls and less than 10 mins to Historic Merrickville. Thoughtful updates include open-concept chefs kitchen with granite countertops & high-end appliances. Meticulously landscaped with stunning perennial gardens and fruit trees, all new decks and permanent dock. Adorable waterfront bunkie with its own 3 pc bath and waterside deck provides income potential or spare bedroom for overnight guests. New well & septic, so could accomodate 2 more beds and a bathroom, loads of storage on the property and the over-sized, detached garage is fully insulated and heated. Put your boat in across the way at Edmonds Locks and enjoy all of the sites and stops the Rideau system has to offer, from Ottawa to Kingston!

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Listing Details

Taxes (2026)
$3,993
Originally Listed
$939,900
Listed
July 9, 2026

Price History

Property

Style
Bungalow
Construction
Board & Batten
Roof
Metal
Foundation
Concrete Block
Interior
Auto Garage Door Remote, Guest Accommodations, Primary Bedroom - Main Floor, Storage
Lot Size
125.5 x 200 Feet

Parking

Garage
Detached
Covered Spaces
1
Total Parking
7

Utilities

Water
Drilled Well
Sewer
Septic
Heat Source
Propane

Location & Legal

Cross Street
Hwy 43 and Rainbow Valley
Parcel Number
052630173
Possession
Flexible
Occupancy
Owner

Included

Inclusions
refrigerator, stove, dishwasher, hot tub
Rental Items
Propane tanks, Propane Water Heater

Waterfront

Water Body
Rideau River
Shoreline
Natural
Docking
Private

Schools

Secondary

  • Smiths Falls District Collegiate Institute3.3 km

    Public · Upper Canada DSB · 700 students

    Grade 10 literacy: 79% met the provincial standard

  • St. Luke Catholic High School3.6 km

    Catholic · CDSB of Eastern Ontario · 110 students

    Grade 10 literacy: 19% met the provincial standard

  • St. James Catholic Education Centre High School4.2 km

    Catholic · CDSB of Eastern Ontario

Elementary

  • Chimo Elementary School3.3 km

    Public · Upper Canada DSB · 395 students

    Grade 3 reading: 82% met the provincial standard · Grade 6 math: 54% met the provincial standard

  • St. Luke Catholic School3.6 km

    Catholic · CDSB of Eastern Ontario

  • Duncan J Schoular Public School3.6 km

    Public · Upper Canada DSB · 380 students

    Grade 3 reading: 50% met the provincial standard · Grade 6 math: 15% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area K7A

Population
17,575
Private dwellings
7,814
Median age
46.8
Average household size
2.3
Median household income
$74,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Residential Freehold in Montague · last 12 months

Median sold price
$540,000
Homes sold
63
Median days on market
51
Sale-to-list price
96.0%

Based on 63 recorded sales of residential freehold properties in Montague over the last 12 months.

Rooms

3-piece on Main, 3-piece on Ground

Main

  • Bathroom9'1" x 7'3"
  • Foyer9'3" x 7'9"
  • Kitchen20'8" x 15'5"
  • Living Room15' x 11'7"
  • Primary Bedroom15'7" x 10'

Listed by

SOTHEBY'S INTERNATIONAL REALTY

Walk Score

11

Walk

26

Bike

Scores by Walk Score®

Mortgage Calculator

$177,980

Estimated Monthly Payment

$4,372

Land transfer tax

Estimated land transfer tax$14,273

Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $4,372/mo (20% down, 5.5%)

Taxes: $333/mo · Insurance: $222/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

Online

Reita said:

Reita is an automated assistant, not a licensed real estate agent. This listing mentions Adorable waterfront bunkie with its own 3 pc bath and waterside deck provides income potential or spare bedroom for overnight guests.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?

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