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.
191 16 Hollow Lane
Prince Edward County
K0K 1P0
$399,000
Residential Condo & Other
beds: 2
baths: 2.0
- Status:
- Active
- Prop. Type:
- Residential Condo & Other
- MLS® Num:
- X12372522
- Bedrooms:
- 2
- Bathrooms:
- 2
- Photos (40)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Under Contract:
- None
- Property Type:
- Residential Condo & Other
- Property Sub Type:
- Other
- Home Style:
- Bungaloft
- Total Approx Floor Area:
- 1000-1199
- Topography:
- Rolling
- Exposure:
- South West
- Bedrooms:
- 2
- Bathrooms:
- 2.0
- Kitchens:
- 1
- Bedrooms Above Grade:
- 2
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 8
- Rooms Below Grade:
- 1
- Fractional Ownership:
- No
- Assignment:
- No
- Heating type:
- Baseboard
- Heating Fuel:
- Electric
- Storey:
- 1
- Foundation:
- Piers
- Roof:
- Asphalt Shingle
- Balcony:
- Enclosed
- Basement:
- None
- Alternative Power:
- None
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Type:
- Owned
- Parking Spaces:
- 2
- Total Parking Spaces:
- 2.0
- Locker:
- None
- Possession Details:
- 30/60/immed
- HST Applicable To Sale Price:
- Included In
- Maintenance Fee:
- $669.7
- Maintenance fees include:
- Water Included, Parking Included, Cable TV Included
- Assessment Year:
- 2025
- Taxes:
- $2,549 / 2025
- Assessment:
- $- / 2025
- Prince Edward County
- Athol Ward
- Prince Edward County
- Beach, Cul de Sac/Dead End, Hospital, Lake/Pond, Ravine, Wooded/Treed
- Carpet Free, Primary Bedroom - Main Floor, Separate Heating Controls, Water Heater Owned
- Landscaped, Patio, Privacy, Porch Enclosed, Seasonal Living
- Concierge/Security
- Conservation Regulations, Subdivision Covenants
- Restricted
- None
- See attached List of Inclusions
- Red Adirondack Chairs
- Wood
- BBQs Allowed, Communal Waterfront Area, Gym, Outdoor Pool, Tennis Court, Visitor Parking
- 1499'
- Beach Front
- WaterfrontCommunity
- Clean, Gravel
- Owned
- Obstructive
- Municipal Road, Private Road
- East Lake
- Lake
- UV System, Water Treatment
- Boat House
- None
- Floor
- Type
- Size
- Other
- Main
- Kitchen
- 12'11⅛" × 8'7"
- Main
- Dining Room
- 6'3" × 6'
- Main
- Living Room
- 15' × 12'11⅛"
- Main
- Primary Bedroom
- 11'4" × 10'6"
- Main
- Bedroom 2
- 11'4¼" × 9'4¼"
- Main
- Sunroom
- 12'8" × 9'7"
- Upper
- Loft
- 18'4" × 11'4"
- Floor
- Ensuite
- Pieces
- Other
- Main
- Yes
- 3
- 4'7⅛" x 7'10½" 3 Pc Ensuite
- Main
- No
- 4
- 8'2" x 7'11" 4 Pc Bath
- UFFI:
- No
- Special Designation:
- Unknown
- Air Conditioning:
- Wall Unit(s)
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Ensuite Laundry:
- Yes
- Laundry Access:
- In Bathroom, In-Suite Laundry
- Condo Corporation Number:
- 10
- Property Management Company:
- Royal Property Management
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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.
Explore More GTA Homes:
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- Houses for Sale near Caledonia and Eglinton West
- Condos for Sale in Toronto Under $400K
- Aurora Homes For Sale
- Bradford Homes For Sale
- King City Homes For Sale
- Markham Homes For Sale
- Newmarket Homes For Sale
- Richmond Hill Homes For Sale
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- Toronto Homes For Sale
- Brampton Homes For Sale
- Uxbridge Homes For Sale
- Vaughan Homes For Sale
- Stouffville Homes For Sale
- Mississauga Homes For Sale
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.