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.
4 21 Prospect Street
Parry Sound
P2A 2B5
$339,000
Residential Condo & Other
beds: 1
baths: 1.0
- Status:
- Active
- Prop. Type:
- Residential Condo & Other
- MLS® Num:
- X12374393
- Bedrooms:
- 1
- Bathrooms:
- 1
- Photos (33)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Property Type:
- Residential Condo & Other
- Property Sub Type:
- Condo Apartment
- Home Style:
- 1 Storey/Apt
- Total Approx Floor Area:
- 0-499
- Topography:
- Level
- Exposure:
- West
- Bedrooms:
- 1
- Bathrooms:
- 1.0
- Kitchens:
- 1
- Bedrooms Above Grade:
- 1
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 6
- Heating type:
- Baseboard
- Heating Fuel:
- Electric
- Fireplaces:
- 0
- Storey:
- 2
- Foundation:
- Block
- Roof:
- Other
- Balcony:
- Open
- Basement:
- Partial Basement
- Fireplace/Stove:
- No
- Alternative Power:
- None
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Type:
- Exclusive
- Parking Spaces:
- 1
- Total Parking Spaces:
- 1.0
- Locker Level:
- Lower level
- Locker Unit:
- Unit #4
- Locker:
- Exclusive
- Family Room:
- No
- Possession Details:
- Flexible
- HST Applicable To Sale Price:
- Included In
- Maintenance Fee:
- $431
- Maintenance fees include:
- Water Included, Parking Included, Common Elements Included
- Assessment:
- $139,000
- Assessment Year:
- 2024
- Taxes:
- $2,397 / 2024
- Assessment:
- $139,000.00 / 2024
- Parry Sound
- Parry Sound
- Parry Sound
- Beach, Hospital, Lake/Pond, Park, Place Of Worship, Waterfront
- Primary Bedroom - Main Floor, Separate Heating Controls
- Unknown
- No
- None
- Fridge, Stove, Dishwasher
- Shelving unit in bedroom, Glass closet door to be replaced w original.
- Brick
- Beach Front, Boat Launch, Parking-Not Deeded
- Indirect
- Sandy
- None
- Water, Beach, Bay
- Direct
- Municipal Road
- Georgian Bay
- Bay
- Not Applicable
- None
- Floor
- Type
- Size
- Other
- Main
- Living Room
- 14'6" × 8'½"
- W/O To Balcony
- Main
- Kitchen
- 7'3" × 6'5½"
- Main
- Bedroom
- 11'1" × 9'1"
- Main
- Foyer
- 9'7" × 2'11"
- Floor
- Ensuite
- Pieces
- Other
- Main
- No
- 4
- 7'3" x 4'9" 4 Pc Bath
- Special Designation:
- Unknown
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Ensuite Laundry:
- No
- Laundry Access:
- In Basement
- Condo Corporation Number:
- 4
- Property Management Company:
- MCD Independant Property Management
-
Waterfront views right from your balcony! -
Preferred Main floor 1 bedroom condo
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Georgian Bay west views & stunning sunsets!
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Steps from beach, boat launch & fitness trail
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Private balcony
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Private storage below balcony
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Views from the balcony, Glass rail
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Updated flooring, tasteful decor
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New kitchen w quality stainless appliances
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Immaculate, move-in ready
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Updated 4 pc bath
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Fitness trail
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Treed setting
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Serene location wrapped in nature
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Waubuno Park & beach
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Waterfront beach & park
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Almost waterfront!
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Beach front living without the high price
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Embrace Georgian Bay living today!
- Listings on market:
- 12
- Avg list price:
- $420,000
- Min list price:
- $289,000
- Max list price:
- $729,000
- Avg days on market:
- 80
- Min days on market:
- 2
- Max days on market:
- 334
- 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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- Condos for Sale in Toronto Under $400K
- Aurora Homes For Sale
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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.