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.
For sale
C$344,000
171 Rainbow Dr, Tarantum, PE C1B 3C5
2beds
672sqft
Single Family Residence
Built in 1986
0.57 Acres Lot
$-- Zestimate®
C$512/sqft
C$-- HOA
What's special
Lakefront homeNatural beautyExcellent water frontageBrand new dockEndless aquatic possibilitiesOpen-concept layoutSpacious bedrooms
- 22 days
- on Zillow |
- 100 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: June 30, 2025 at 09:44am
Listed by:
Ellen Macquarrie,PEI - Sales,
EXP REALTY OF CANADA INC.
Source: Prince Edward Island REA,MLS®#: 202516147

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Living Room, Kitchen, Dining Room, Primary Bedroom, Bedroom
Primary bedroom
- Level: Main
- Area: 132
- Dimensions: 11 x 12
Bedroom 1
- Level: Main
- Area: 81
- Dimensions: 9 x 9
Dining room
- Level: Main
Kitchen
- Level: Main
- Area: 88
- Dimensions: 8 x 11
Living room
- Level: Main
- Area: 201.25
- Dimensions: 11.5 x 17.5
Heating
- Ductless
Appliances
- Included: Electric Range, Dishwasher, Dryer - Electric, Washer, Microwave, Refrigerator
Features
- Flooring: Carpet, Laminate, Linoleum
- Basement: None
Interior area
- Total structure area: 672
- Total interior livable area: 672 sqft
Property
Parking
- Parking features: Gravel, None, No Garage
- Details: Parking Details(Gravel Driveway)
Features
- Levels: 1 Level
- Waterfront features: Waterfront, Lake Front
Lot
- Size: 0.57 Acres
- Dimensions: .57
- Features: Cleared, Landscaped, 0.5 to 0.99 Acres
Details
- Parcel number: 616763
- Zoning: Res
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Pillar/Post/Pier, None
- Roof: Steel
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Septic Tank
- Water: Drilled Well
- Utilities for property: Electricity Connected, Electric
Community & HOA
Location
- Region: Tarantum
Financial & listing details
- Price per square foot: C$512/sqft
- Tax assessed value: C$105,800
- Annual tax amount: C$897
- Date on market: 6/30/2025
- Inclusions: Fridge, Stove, Washer, Dryer, Dishwasher, Microwave. 2- Sheds, New Dock
- Electric utility on property: Yes
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