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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24 Patrick Street

Corktown Hamilton L8N 1Z5

$377,777

Residential Freehold beds: 2 baths: 1.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

X13702848

Bedrooms:

2

Bathrooms:

1

• Photos (31)

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Hidden In The Heart Of Corktown, This Beautifully Updated Two-Storey Semi-Detached Home Offers A Rare Blend Of Privacy, Nature, And Downtown Convenience. Nestled Among Mature Trees With No Rear Neighbours, It Feels Like A Peaceful Cottage Retreat In The City. A Winding Staircase Leads To The Welcoming Front Porch And Elevated Setting, Creating Exceptional Privacy Rarely Found In An Urban Location. Inside, The Bright Open-Concept Layout Features Hardwood Floors, A Versatile Living And Dining Area With A Dedicated Office Nook, And An Abundance Of Natural Light. The Fully Renovated Kitchen (2023) Was Completely Reimagined With A Farmhouse Sink, New Dishwasher, Microwave Range Hood, And Walkout To A Private Patio Overlooking The Forested Escarpment. Upstairs Offers Two Bedrooms, Including A Spacious Primary, New Wood Flooring Throughout, And An Updated Four-Piece Bathroom. Additional Updates Include A New Washer And Dryer (2022), New A/C And Smart Thermostat (2024), Plus Basement Laundry And Ample Storage. Ideally Located Just Steps To The GO Station, St. Joseph's Hospital, James St. South, And Augusta Street's Popular Restaurants And Cafes, This Home Also Includes Owned Private Parking Directly In Front. A Rare Condo Alternative That Perfectly Combines Character, Privacy, And Natural Surroundings In The Heart Of Corktown.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Semi-Detached

Home Style:

2-Storey

Total Approx Floor Area:

700-1100

Lot Depth:

100'30.5 m

Lot Frontage:

19'10"6.04 m

Direction Faces:

East

Bedrooms:

2

Bathrooms:

1.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

2

Kitchens Above Grade:

1

Rooms Above Grade:

7

Additional Info:

Heating type:

Forced Air

Heating Fuel:

Gas

Foundation:

Concrete

Roof:

Asphalt Shingle

Basement:

Unfinished

Fireplace/Stove:

Yes

Garage:

None

Garage Spaces:

0.0

Parking Spaces:

1

Total Parking Spaces:

1.0

Family Room:

No

Possession Details:

Flexible

Pool:

None

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$3,317 / 2026

Assessment:

$- / -

County:

Hamilton

Listing Area:

Hamilton

Listing Sub-Area:

Corktown

Interior Features:

Carpet Free

Inclusions:

Fridge, Stove, Built-In Microwave, Dishwasher, Washing Machine, Dryer

Exclusions:

Fireplace, Furniture, Artwork, Outdoor Furniture Set.

Exterior Finish:

Vinyl Siding

Room Information:

Floor

Type

Size

Other

Basement

-

23'7.01 m × 12'2"3.71 m

Upper

Bedroom 2

12'9½"3.90 m × 8'6"2.59 m

Main

Living Room

15'5"4.70 m × 13'5"4.09 m

Main

Kitchen

9'2¼"2.80 m × 7'3"2.21 m

Main

Dining Room

12'2"3.71 m × 7'10½"2.40 m

Upper

Bedroom

14'5¼"4.40 m × 7'3"2.21 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Upper

No

-

7'6½" x 5'3"

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Central Air

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Level:

Lower Level

Listing Info:

Date Listed:

Aug 22, 2026

Original Price:

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Previous Price:

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Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

Data was last updated August 24, 2026 at 05:15 PM (UTC)

Area Statistics

Listings on market:

68

Avg list price:

$662,450

Min list price:

$274,900

Max list price:

$1,199,999

Avg days on market:

34

Min days on market:

1

Max days on market:

168

These statistics are generated based on the current listing's property type and located in Hamilton. 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.

Explore More GTA Homes:

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• Condos for Sale in Toronto Under $400K
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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.