Dreaming of owning a serene getaway? With cottages for sale in Ontario under $500 000, you can enjoy lakeside living, weekend retreats, or investment opportunities without breaking the bank. From Muskoka and Kawartha Lakes to Parry Sound and beyond, there’s a cottage that fits your budget and lifestyle.

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1 SALWAY Lane
McKellar Parry Sound P0G 1C0

$429,900
Residential Freehold beds: 0 baths: 0.0

Main Photo: 1 SALWAY Lane in Parry Sound: McKellar House for sale : MLS®# X12152974
Photo 1: 1 SALWAY Lane in Parry Sound: McKellar House for sale : MLS®# X12152974
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Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
X12152974
LAKE MANITOUWABING PRIME BUILDING LOT - 301 FT WATERFRONT, Ultimate Privacy on 6.15 ACRES Wrapped in Nature, Road access, Protected water for boat dockage, Excellent area of executive lake homes, Lake Manitouwabing offers extensive boating, great swimming, water sports and fishing, Enjoy golfing at the nearby renowned 'The Ridge' course, Boat or drive to village of McKellar for amenities; LCBO/General Store, Middle River Farm Store, Nestled amidst tall, majestic trees, this lot offer an idyllic setting. For those seeking a haven of tranquility, this location is the perfect choice. Build your DREAM COTTAGE/LAKE HOUSE HERE! A home away from home, a sanctuary where you can unwind and reconnect with nature. HST in addition to purchase price.
Property Type:
Residential Freehold
Property Sub Type:
Vacant Land
Total Approx Floor Area:
< 700
Lot Size:
5-9.99
Depth:
864'7½"
Frontage:
301'10"
Lot Details:
864.63 x 301.83
Topography:
Hilly, Rocky, Wetlands, Wooded/Treed, Rolling
Direction Faces:
East
Bedrooms:
0
Bathrooms:
0.0
Water supply:
None
Kitchens:
0
Zoning:
SP-16.73
Fireplaces:
0
Cooling:
No
New Construction:
No
Fireplace/Stove:
No
Alternative Power:
None
Garage:
None
Garage Spaces:
0.0
Possession Details:
Immediate
Pool:
None
HST Applicable To Sale Price:
In Addition To
Assessment:
$194,000
Assessment Year:
2025
Development Charges Paid:
Unknown
Taxes:
$1,449.15 / 2024
Assessment:
$194,000.00 / 2025
McKellar
McKellar
Parry Sound
None
Right Of Way
No
990'
Waterfront-Deeded Access
Direct
Mixed, Sandy
None
Direct
Private Road
Manitouwabing Lake
Lake
Not Applicable
None
Utilities Cable:
No
Utilities Telephone:
No
Utilities Gas:
No
Utilities Hydro:
Available
Utilities Water:
No
Sewers:
No
Special Designation:
Unknown
Sewers:
None
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
May 16, 2025
Original Price:
Previous Price:
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Listed by RE/MAX Parry Sound Muskoka Realty Ltd
Data was last updated June 8, 2025 at 04:15 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$235,000
Min list price:
$109,000
Max list price:
$650,000
Avg days on market:
72
Min days on market:
16
Max days on market:
97
These statistics are generated based on the current listing's property type and located in McKellar. Average values are derived using median calculations.
DARYL  KING
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Explore Affordable Cottages Across Ontario

These budget-friendly cottages combine comfort, character, and natural surroundings—ideal for families, retirees, or rental investors.

  • Waterfront and inland cottages under $500K
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  • Located near popular outdoor destinations like Georgian Bay and Haliburton

Why Choose a Cottage in Ontario Under $500 000?

Ontario’s cottage country offers unmatched natural beauty, four-season recreation, and peaceful communities. Buying within this price range gives you access to:

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Ready to escape the city hustle? Browse our up-to-date listings of Ontario cottages under $500,000 and connect with real estate experts who can guide you to the right property.

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FAQs – Cottages for Sale Ontario Under $500 000

1. Where can I find cottages under $500,000 in Ontario?
Popular areas include Kawartha Lakes, Parry Sound, Haliburton, Bancroft, and some northern regions of Muskoka.

2. Are cottages in this price range year-round or seasonal?
Many are seasonal, but you can find winterized options suited for year-round living at this price point.

3. Can I get waterfront access for under $500,000?
Yes, though most will be smaller properties or located on less-populated lakes or rivers.

4. Is financing a cottage similar to buying a house?
Cottage financing is available but may require different terms depending on seasonal vs. year-round use.

5. Are these good for short-term rentals?
Absolutely. Many buyers purchase affordable cottages in Ontario for Airbnb or VRBO investment potential.