171 RAINBOW DRIVE
PEIA · C1B3C5
$299,000
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
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 11.6 x 17.6 |
| Kitchen | Main level | 8. x 11. |
| Dining room | Main level | combined |
| Primary Bedroom | Main level | 11. x 12. |
| Bedroom | Main level | 9. 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
Estimated monthly payment
$1,398/mo
Loan amount
$239,200
Down payment
$59,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
PEIA
Nearby
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
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently 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.
Similar residences
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