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.
400 (Lot 1) Oak Point Road
Parry Sound
P2A 2X4
$379,999
Residential Freehold
beds: 3
baths: 1.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12477555
- Bedrooms:
- 3
- Bathrooms:
- 1
- Photos (34)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Under Contract:
- Propane Tank
- Property Type:
- Residential Freehold
- Property Sub Type:
- Detached
- Home Style:
- Bungalow
- Total Approx Floor Area:
- 1100-1500
- Lot Depth:
- 249'6"
- Lot Frontage:
- 100'
- Direction Faces:
- North
- Bedrooms:
- 3
- Bathrooms:
- 1.0
- Water supply:
- Other
- Kitchens:
- 1
- Bedrooms Above Grade:
- 3
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 10
- Zoning:
- WF Leased Land
- Heating type:
- Radiant
- Heating Fuel:
- Propane
- Foundation:
- Piers
- Roof:
- Metal
- Basement:
- Crawl Space, None
- Fireplace/Stove:
- Yes
- Alternative Power:
- Unknown
- Garage:
- None
- Garage Spaces:
- 0.0
- Parking Spaces:
- 8
- Total Parking Spaces:
- 8.0
- Family Room:
- Yes
- Possession Details:
- Flexible
- Pool:
- None
- Link:
- No
- HST Applicable To Sale Price:
- Not Subject to HST
- Taxes:
- $2,276.93 / 2024
- Assessment:
- $- / -
- Parry Sound
- Parry Sound
- Parry Sound
- Arts Centre, Beach, Golf, Marina, Hospital
- Primary Bedroom - Main Floor, Water Heater Owned
- Landscaped, Patio, Recreational Area, Deck, Privacy
- Subdivision Covenants, Municipal, Other
- Propane tank
- Fridge, Stove, Washer, Dryer, Most furnishings, Dock
- Dining table & chairs, Buffet in main room, 2 paddle boards, paddles and artwood, Personal items.
- Vinyl Siding
- 100'
- Dock
- Direct
- Clean, Sandy
- Not Owned
- North West
- Direct
- Seasonal Municipal Road
- Georgian Bay
- Georgian Bay
- Bay
- UV System
- Not Applicable, Bunkie
- Private
- Floor
- Type
- Size
- Other
- Main
- Living Room
- 21'11¾" × 3'3"
- Carpet Free, Brick Fireplace
- Main
- Kitchen
- 10'4" × 9'7"
- Main
- Dining Room
- 23'2" × 12'10"
- Combined w/Sunroom, Carpet Free
- Main
- Family Room
- 22'11" × 10'6"
- Main
- Bedroom
- 11'9¾" × 9'
- Main
- Bedroom 2
- 11'9¾" × 8'
- Main
- Bedroom 3
- 13'4" × 7'8"
- Main
- Foyer
- 7'3" × 7'2"
- Main
- Laundry
- 7'2" × 3'6"
- Floor
- Ensuite
- Pieces
- Other
- Main
- No
- 3
- 8'2" x 5' 3 Pc Bath
- Water Supply Types:
- Lake/River
- Special Designation:
- Landlease
- Sewers:
- Septic
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
-
Private lot wrapped in nature -
Parry Island Waterfront
-
Gorgeous natural sandy beach
-
Wonderful family friendly level shoreline
-
Wall of windows viewing the Bay!
-
Large family room/sunroom overlooking water
-
Wall of windows at water
-
Living room
-
Curl up by the fireplace
-
Fully equipped kitchen
-
Photo 11 of 34
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Main level family room
-
Principal bedroom
-
2nd bedroom
-
Photo 15 of 34
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3rd bedroom
-
Guest room
-
Updated bath
-
Photo 19 of 34
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Photo 20 of 34
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Spacious foyer
-
Convenient laundry
-
Photo 23 of 34
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Photo 24 of 34
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Bunkie for guests/kids to enjoy
-
Private buie
-
Hot water on demance
-
Water treatment system
-
Garden shed
-
Great swimming, boating, fishing
-
Georgian Bay Waterfront Retreat!
-
Level entry
-
Spacious 3 bedroom bungalow
-
Lakeside decking
- Listings on market:
- 28
- Avg list price:
- $549,450
- Min list price:
- $349,000
- Max list price:
- $1,780,000
- Avg days on market:
- 63
- Min days on market:
- 2
- Max days on market:
- 425
- 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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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.