Residentiae.
For Sale · PEIA

171 RAINBOW DRIVE

PEIA · C1B3C5

$299,000

2Bedrooms
1Bathrooms
Parking
672Sq Ft

About this residence

This beautifully maintained four-season lakefront home on Glenfinnan Lake offers the perfect combination of privacy, convenience, and natural beauty?just 18 minutes from downtown Charlottetown. Located on a quiet, all-season road, the property features excellent water frontage with a brand new dock and endless aquatic possibilities including swimming, kayaking, or simply relaxing by the water as ospreys glide overhead. The open-concept layout connects the living, dining, and kitchen areas, creating a bright and welcoming atmosphere. With two spacious bedrooms and a full bath, this home is ideal for year-round living or as a seasonal retreat. A large back deck with a privacy wall and a well-appointed side deck offer peaceful outdoor spaces to enjoy the lake views. Two storage sheds provide practical space for tools and gear. The home has seen many recent updates including a steel roof, new heat pump, shed roof, added washer and dryer, and full insulation underneath, making it a true four-season residence. In addition to being a perfect personal escape, this property also offers strong potential for rental income?short-term in the summer months when demand is high, and long-term in the off-season thanks to its year-round comfort and location. A rare opportunity to own a versatile lakeside home with income potential just minutes from the city. (id:61366)

Property details

Property type
Recreational
Style
Recreational
Ownership
Freehold
Bedrooms
2 (2 above)
Bathrooms
1
Living area
672 sq ft
Lot size
0.57
Year built
1986
Annual tax
$897
MLS®
202516147
Board
PEIA
Status
Inactive
Listed
Jun 30, 2025
Updated
Dec 9, 2025

Room dimensions

RoomLevelDimensions
Living roomMain level11.6 x 17.6
KitchenMain level8. x 11.
Dining roomMain levelcombined
Primary BedroomMain level11. x 12.
BedroomMain level9. x 9.

Features & finishes

Appliances

  • Washer
  • Refrigerator
  • Dishwasher
  • Microwave
  • Range - Electric
  • Dryer - Electric

Flooring

  • Carpeted
  • Laminate
  • Linoleum

Heating

  • Wall Mounted Heat Pump
  • Electric

Exterior

  • Wood siding

Parking

  • Gravel

Sewer & Utilities

  • Septic System

Financing

Mortgage calculator

Estimated monthly payment

$1,398/mo

Amortization

Loan amount

$239,200

Down payment

$59,800

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

PEIA

About the area

Census · C1B
14,817
Population
40
Median age
$90,000
Median income
$352,000
Median home value
76%
Home ownership
21 min
Avg. commute

Age distribution

0–14
19%
15–24
12%
25–44
26%
45–64
26%
65+
18%

Tenure

76% owners24% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 171 RAINBOW DRIVE?

171 RAINBOW DRIVE is listed for $299,000, in PEIA.

How many bedrooms and bathrooms does 171 RAINBOW DRIVE have?

It offers 2 bedrooms and 1 bathroom.

What type of home is 171 RAINBOW DRIVE?

171 RAINBOW DRIVE is a Recreational, Recreational, built in 1986.

How large is 171 RAINBOW DRIVE?

The home offers approximately 672 sq ft of living space on a lot measuring 0.57.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $1,398. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $897 per year.

What is the PEIA area like?

PEIA has a population of about 14,817, a median age of 40, a 76% home-ownership rate, with an average commute of about 21 minutes.

What is the average home value in PEIA?

The median dwelling value in this area is approximately $352,000, based on census data via Neighbourly.

What is the median household income in PEIA?

The median household income in this area is approximately $90,000.

Private viewings

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