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.
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,393 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1065 Rainbow Lane
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
5 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
5
Interior
Basement
None
Lot & land
Lot size (sqft)
14291
Listing & possession
Property style
Bungalow
Property class
Detached
1065 Rainbow Lane Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,790
/mo
based on the purchase price of $975,000
$195,000 cash
$780,000 financed
$656,965 total interest
Principal54%$780,000
Interest46%$656,965
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Bracebridge
Other 2–5 bed homes for sale in Bracebridge around $975K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio95.1%On average, homes sold below asking.
Active listings173Homes for sale here right now.
Median vs prior 90 days+1.6%Compared with May 16 – Aug 14, 2026: prices up.
Based on 150 sales from Aug 14 – Nov 12, 2026 (101 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1065 Rainbow Lane
How much is 1065 Rainbow Lane listed for?
1065 Rainbow Lane is listed at $975,000 (MLS® X13145088). Summitly updates the price as soon as the MLS® record changes.
Is $975,000 a good price for 1065 Rainbow Lane?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Bracebridge. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1065 Rainbow Lane changed?
Yes — it was first listed at $1,050,000 and is now $975,000, a drop of $75,000 (7.1%).
How many bedrooms and bathrooms does 1065 Rainbow Lane have?
1065 Rainbow Lane has 3 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in Bracebridge.
How much would the monthly mortgage be on 1065 Rainbow Lane?
About $4,790 a month — principal and interest on $975,000 with 20% down ($195,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1065 Rainbow Lane compare with other homes in Bracebridge?
Its asking price of $975,000 is about 56% above the median sold price in Bracebridge over the last 90 days, $627,000, across 150 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1065 Rainbow Lane been sold before?
Summitly has no earlier MLS® sale or lease of 1065 Rainbow Lane on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1065 Rainbow Lane?
1065 Rainbow Lane is in Bracebridge, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1065 Rainbow Lane been on the market?
181 days — 1065 Rainbow Lane was listed on May 15, 2026.
What is the price per square foot of 1065 Rainbow Lane?
About $886 to $1,393 per square foot: the asking price of $975,000 over the 700–1,100 sq ft the listing gives as its size range.
Does 1065 Rainbow Lane have parking or a garage?
Yes — the listing gives 5 parking spaces. Garage: Yes.
Does 1065 Rainbow Lane have a basement, and is it finished?
The listing says 1065 Rainbow Lane has no basement.
