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.

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122 Shadow Lake Rd 28 Road W

Somerville Kawartha Lakes K0M 1K0

$439,000

Residential Freehold beds: 2 baths: 1.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

X13427348

Bedrooms:

2

Bathrooms:

1

• Photos (36)

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Welcome to a true cottage experience!Nestled on a beautifully treed lot with 100 Ft. water-frontage on the Gull River section of Silver/Shadow Lake, this inviting two-bedroom cottage offers the perfect blend of rustic charm and relaxed waterfront enjoyment. Inside, you'll find a cozy living area complete with a wood-burning fireplace, a bright eat-in kitchen, and a delightful screened porch ideal for morning coffee or evening unwinding.The waterfront is designed for effortless enjoyment, featuring a spacious dock that doubles as a lakeside deck, a handy waterside storage building, and clean, clear water perfect for swimming, paddling, and summer fun.Just a short drive from the charming village of Coboconk, with easy access to shops and amenities, this property is perfectly placed for cottage life.

General Info:

Under Contract:

None

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Chalet

Approx. Age:

51-99

Total Approx Floor Area:

700-1100

Lot Size:

<.50

Lot Depth:

146'7"44.7 m

Lot Frontage:

100'30.5 m

Lot Shape:

Rectangular

Topography:

Dry, Level, Sloping, Terraced, Wooded/Treed

Direction Faces:

West

Bedrooms:

2

Bathrooms:

1.0

Water supply:

Other

Kitchens:

1

Bedrooms Above Grade:

2

Kitchens Above Grade:

1

Rooms Above Grade:

6

Zoning:

LSR

Additional Info:

Heating type:

Other

Heating Fuel:

Other

Fireplaces:

1

Foundation:

Unknown

Roof:

Metal

Basement:

None

Fireplace Features:

Living Room

Fireplace/Stove:

Yes

Alternative Power:

None

Garage:

None

Garage Spaces:

0.0

Other Structures:

Garden Shed, Shed

Parking Features:

Private

Parking Spaces:

5

Total Parking Spaces:

5.0

Rural services:

Electricity Connected, Garbage Pickup

Family Room:

No

Possession Details:

Flexible

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Not Subject to HST

Assessment:

$214,000

Assessment Year:

2025

Taxes:

$2,516 / 2025

Assessment:

$214,000.00 / 2025

County:

Kawartha Lakes

Listing Area:

Kawartha Lakes

Listing Sub-Area:

Somerville

Property Features / Area Influences:

River/Stream, Waterfront, Wooded/Treed

Interior Features:

Primary Bedroom - Main Floor

Exterior Features:

Built-In-BBQ, Deck, Porch Enclosed, Seasonal Living

Easement/ Restrictions:

Right Of Way

Rental Items:

None

Inclusions:

Everything except personal items

Exclusions:

Personal Items

Lease to Own Equipment:

None

Exterior Finish:

Vinyl Siding

Water Frontage:

328'100 m

Waterfront Features:

River Front, Stairs to Waterfront

Waterfront:

Direct

Shoreline:

Deep

Shoreline Allowance:

Owned

Shoreline Exposure:

West

View:

River, Trees/Woods

Water View:

Direct

Access to property:

Year Round Private Road

Channel Name:

Gull River

Water Body Name:

Gull River

Water Body Type:

River

Waterfront Accessory Buildings:

Not Applicable

Docking Type:

Private

Room Information:

Floor

Type

Size

Other

Main

Living Room

16'7¼"5.06 m × 13'10½"4.23 m

Fireplace

Main

Kitchen

16'7¼"5.06 m × 15'6"4.72 m

Eat-in Kitchen

Main

Other

22'10"6.96 m × 6'11½"2.12 m

Main

Primary Bedroom

9'2.74 m × 8'8"2.64 m

Main

Bedroom 2

8'8"2.64 m × 7'1"2.16 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Main

No

3

7'1" x 6'8" 3 Pc Bath

Other Details:

Utilities Cable:

No

Utilities Telephone:

Available

Utilities Gas:

No

Utilities Hydro:

Yes

Utilities Water:

No

Water Supply Types:

Lake/River

Sewers:

No

Energy Certification:

No

Special Designation:

Unknown

Sewers:

Septic

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

Jun 10, 2026

Original Price:

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Previous Price:

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• 
  Welcome to 122 Shadow Lake Rd. #28
• 
  Cottage Location on Gull River Leading to Lake
• 
  Lakeside of Cottge
• 
  Cottage Exterior
• 
  Cottage Exterior
• 
  Backyard
• 
  Cottage Roadside Exterior
• 
  Side Exterior with Main Entryway
• 
  Living Room
• 
  Living Room Open to Kitchen
• 
  Living Room with Fireplace
• 
  Living Room Open to Screened Porch
• 
  Living Room
• 
  Eat in Kitchen
• 
  Eat In Kitchen
• 
  Kitchen
• 
  Kitchen Open to Living Room
• 
  Primary Bedroom
• 
  Primary Bedroom
• 
  Bedroom 2
• 
  3 pc. Bath
• 
  Screened Porch
• 
  Screened Porch
• 
  Old Stone Feature in Yard
• 
  Shed
• 
  Back door to Shed
• 
  Stairs to Cottage from the Waterfront
• 
  Stairs to Waterfront
• 
  Waterfront Storage Building
• 
  Waterfront Deck/Dock
• 
  Waterfront Deck/Dock
• 
  View of Gull River Portion of Shadow/Silver Lake
• 
  Waterfront
• 
  Waterfront from the Lake
• 
  Aerial View of Waterfront
• 
  Aerial View of Gull River Portion of Shadow Lake

Larger map options:

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Listed by Kawartha Group Realty

Data was last updated June 14, 2026 at 12:15 AM (UTC)

Area Statistics

Listings on market:

37

Avg list price:

$769,800

Min list price:

$439,000

Max list price:

$1,692,000

Avg days on market:

31

Min days on market:

1

Max days on market:

249

These statistics are generated based on the current listing's property type and located in Somerville. Average values are derived using median calculations. This data is not produced by the MLS® system.

Get market change alerts

• DARYL KING
• RE/MAX HALLMARK REALTY LIMITED
• 1 (905) 9075464
• homes@darylking.com

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.

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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.