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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1288 Portage Road
Eldon Kawartha Lakes K0M 2B0

$399,000
Residential Freehold beds: 3 baths: 1.0

Main Photo: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Photo 1: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Photo 2: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Photo 3: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Photo 4: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Photo 5: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Photo 6: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Photo 7: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Photo 8: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Photo 9: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Photo 10: 1288 Portage Road in Kawartha Lakes: Eldon House for sale : MLS®# X12123122
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
X12123122
Bedrooms:
3
Bathrooms:
1
GREAT Location On Trent Canal East Of Kirkfield, Mitchell Lake 100' On Lake, Sloping Lot. APPX 900 Sq.Ft. Cottage Needs Repair, Faces South. Excellent Boating,Fishing, Treed Lot, Open Front Porch, Stores Close By.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Approx. Age:
51-99
Total Approx Floor Area:
700-1100
Lot Size:
<.50
Depth:
165'
Frontage:
100'
Lot Details:
100.00 x 165.00 Feet
Direction Faces:
South
Bedrooms:
3
Bathrooms:
1.0
Water supply:
Well
Kitchens:
1
Bedrooms Above Grade:
3
Kitchens Above Grade:
1
# Main Level Bedrooms:
0
# Main Level Bathrooms:
0
Rooms Above Grade:
5
Rooms:
5
Ensuite Laundry:
No
Heating type:
Other
Heating Fuel:
Oil
Foundation:
Unknown
Roof:
Metal
Basement:
None
Fireplace/Stove:
No
Alternative Power:
Unknown
Garage:
None
Garage Spaces:
2.0
Parking Features:
None
Parking Spaces:
3
Total Parking Spaces:
3.0
Family Room:
No
Pool:
None
Link:
No
HST Applicable To Sale Price:
In Addition To
Taxes:
$2,106 / 2024
Assessment:
$- / -
Kawartha Lakes
Eldon
Kawartha Lakes
Waterfront, Sloping, Golf
Other
Unknown
AS IS WHERE IS
Wood, Other
Trent System
Direct
Natural
None
Direct
Year Round Municipal Road
Mitchell Lake
Lake
Not Applicable
Private
Floor
Type
Size
Other
Ground
Kitchen
16' × 12'
Ground
Living Room
23' × 13'
Ground
Bedroom
9' × 6'
Ground
Bedroom
7' × 6'
Ground
Bedroom
7' × 6'
Ground
Foyer
7' × 7'
UFFI:
No
Utilities Cable:
No
Utilities Telephone:
Yes
Utilities Gas:
No
Utilities Hydro:
Yes
Utilities Water:
No
Water Supply Types:
Bored Well
Sewers:
No
Special Designation:
Unknown
Sewers:
None
Air Conditioning:
None
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
May 04, 2025
Original Price:
Previous Price:
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Listed by HOMELIFE NEW WORLD REALTY INC.
Data was last updated May 5, 2025 at 06:15 AM (UTC)
Area Statistics
Listings on market:
466
Avg list price:
$825,000
Min list price:
$179,900
Max list price:
$4,999,890
Avg days on market:
34
Min days on market:
1
Max days on market:
640
These statistics are generated based on the current listing's property type and located in Kawartha Lakes. 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.

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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.