Discover an affordable opportunity to enjoy year-round waterfront living on the beautiful Otonabee River at 42 Willow! With 108 feet of waterfront, this charming 2-bedroom, 1-bathroom home offers a peaceful setting just a short drive from Peterborough. Featuring 895 square feet of living space, the home offers a comfortable, functional layout with a cozy wood stove and oil heating to keep you warm through the cooler months. Enjoy morning coffee overlooking the river, summer afternoons by the water, and quiet winter evenings beside the fire. A detached 1.5-car garage provides excellent space for parking, storage, or a workshop. Situated on privately leased land at just $3,000 annually, with 2026 property taxes of $1,528.71, this property offers an appealing alternative to traditional freehold waterfront ownership. Whether you're looking to downsize, escape the city, or settle into a quieter pace of life, this four-season home offers the opportunity to enjoy everything the Otonabee River has to offer, all year long!