Searching for cottages for sale in Ontario under $500 000? From Muskoka to Kawartha and beyond, Ontario has a variety of affordable getaway properties perfect for seasonal use, remote work, or rental income.
1023 Colony Trail
Muskoka
P1L 1X3
$360,000
Residential Freehold
beds: 3
baths: 1.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12287499
- Bedrooms:
- 3
- Bathrooms:
- 1
- Photos (13)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Property Type:
- Residential Freehold
- Property Sub Type:
- Rural Residential
- Home Style:
- Bungalow
- Total Approx Floor Area:
- 700-1100
- Lot Size:
- 2-4.99
- Depth:
- 578'7½"
- Frontage:
- 200'
- Direction Faces:
- West
- Bedrooms:
- 3
- Bathrooms:
- 1.0
- Water supply:
- Other
- Kitchens:
- 1
- Bedrooms Above Grade:
- 3
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 6
- Heating type:
- Other
- Heating Fuel:
- Wood
- Fireplaces:
- 1
- Foundation:
- Piers
- Roof:
- Shingles
- Basement:
- None
- Fireplace/Stove:
- Yes
- Alternative Power:
- None
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Spaces:
- 3
- Total Parking Spaces:
- 3.0
- Family Room:
- Yes
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Assessment Year:
- 2024
- Taxes:
- $1,769.74 / 2025
- Assessment:
- $- / 2024
- Bracebridge
- Muskoka
- Other
- Easement
- Wood
- River Front
- Direct
- Natural
- None
- Obstructive
- Private Road
- Muskoka River
- River
- Not Applicable
- None
- Utilities Cable:
- Available
- Utilities Telephone:
- Available
- Utilities Gas:
- No
- Utilities Hydro:
- Yes
- Utilities Water:
- No
- Sewers:
- No
- Special Designation:
- Unknown
- Sewers:
- Septic
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
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- DARYL KING
- RE/MAX HALLMARK REALTY LIMITED
- 1 (905) 9075464
- homes@darylking.com
What to Expect from Affordable Ontario Cottages
Cottages in this price range often include:
• 2-3 bedrooms with cozy interiors and rustic charm
• Waterfront access or proximity to lakes, trails, and parks
• Seasonal or winterized structures with wood-burning stoves
• Decks, firepits, and private outdoor space for relaxation
Why Cottages Under $500K Are in High Demand Across Ontario
• Ideal for families and retirees looking for a peaceful escape
• Lower property taxes and maintenance costs
• Potential for Airbnb or seasonal rental income
• Opportunities to renovate or build equity over time
Where to Find Cottages for Sale in Ontario Under $500 000
Look for listings in areas like Kawartha Lakes, Bancroft, Haliburton Highlands, Parry Sound, and Northern Ontario regions, where land and lakefront options still exist within this budget.
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Each link provides updated listings and expert insights.
FAQs – Cottages for Sale Ontario Under $500 000
1. Are cottages under $500K move-in ready or fixer-uppers?
Many are seasonal and may require cosmetic updates, but move-in-ready options exist, especially outside major tourist zones.
2. Can I finance a cottage in this price range?
Yes. Financing is available, though terms may differ for seasonal vs. year-round cottages. Talk to your lender for details.
3. Are there waterfront cottages for under $500,000?
Yes, especially in less commercialized or northern regions, though they may be smaller or more rustic.
4. Can I rent out my cottage when I’m not using it?
Many buyers turn their cottages into part-time income properties, especially during summer and long weekends.