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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2502 Channel Point Lane
Washago Simcoe L0K 2B0

$149,900
Residential Freehold beds: 3 baths: 1.0

Main Photo: 2502 Channel Point Lane in Simcoe: Washago House for sale (Severn)  : MLS®# S12168060
Photo 1: 2502 Channel Point Lane in Simcoe: Washago House for sale (Severn)  : MLS®# S12168060
Photo 2: 2502 Channel Point Lane in Simcoe: Washago House for sale (Severn)  : MLS®# S12168060
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Photo 22: 2502 Channel Point Lane in Simcoe: Washago House for sale (Severn)  : MLS®# S12168060
Photo 23: 2502 Channel Point Lane in Simcoe: Washago House for sale (Severn)  : MLS®# S12168060
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
S12168060
Bedrooms:
3
Bathrooms:
1
Welcome to your Affordable slice of lakeside paradise! This cozy land-leased cottage offers over 200 ft of waterfront, perfect for fishing, swimming, paddling, or simply soaking in the views. Enjoy unforgettable west-facing sunsets. This amazing peninsula lot provides you with a 3 bedroom & 1 bath seasonal cottage. Easy access to Lock 42 provides you with great boating options throughout the Trent-Severn Waterway. Start creating your memories today! Annual Land Lease is $11,756.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Total Approx Floor Area:
700-1100
Depth:
100'
Frontage:
208'
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
Foundation:
Unknown
Roof:
Asphalt Shingle
Basement:
None
Fireplace/Stove:
Yes
Alternative Power:
Unknown
Garage:
Detached
Garage Spaces:
1.0
Other Structures:
Out Buildings
Parking Spaces:
4
Total Parking Spaces:
5.0
Family Room:
Yes
Possession Details:
Immediate
Pool:
None
Link:
No
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$2,153.66 / 2024
Assessment:
$- / -
Severn
Washago
Simcoe
Clear View, Lake Access, Waterfront, Wooded/Treed
Primary Bedroom - Main Floor
Right Of Way
All furniture included
Vinyl Siding
River Access
Direct
Sandy, Deep
Not Owned
Direct
Year Round Municipal Road
Severn River
River
Not Applicable
Private
Floor
Type
Size
Other
Main
Living Room
13'9" × 10'3"
Main
Kitchen
15'7" × 7'3"
Main
Bedroom
9' × 7'11"
Main
Bedroom 2
7'10⅞" × 7'1"
Main
Bedroom 3
7'10⅞" × 6'8"
Main
Sunroom
20'10¾" × 7'10½"
Special Designation:
Landlease
Sewers:
Holding Tank
Air Conditioning:
None
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
May 23, 2025
Original Price:
Previous Price:
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Listed by OUR NEIGHBOURHOOD REALTY INC.
Data was last updated May 31, 2025 at 01:15 AM (UTC)
Area Statistics
Listings on market:
142
Avg list price:
$1,099,950
Min list price:
$149,900
Max list price:
$4,980,000
Avg days on market:
38
Min days on market:
1
Max days on market:
774
These statistics are generated based on the current listing's property type and located in Severn. Average values are derived using median calculations.
DARYL  KING
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Explore Affordable Cottages Across Ontario

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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.