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.
44 Island
Nipissing
P0H 2H0
$320,000
Residential Freehold
beds: 3
baths: 1.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12258576
- Bedrooms:
- 3
- Bathrooms:
- 1
- Photos (23)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
- Property Type:
- Residential Freehold
- Property Sub Type:
- Other
- Home Style:
- 1 1/2 Storey
- Total Approx Floor Area:
- 700-1100
- Lot Size:
- 2-4.99
- Depth:
- 169'7"
- Frontage:
- 212'
- Direction Faces:
- East
- Bedrooms:
- 3
- Bathrooms:
- 1.0
- Kitchens:
- 1
- Bedrooms Above Grade:
- 3
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 5
- Zoning:
- Residential
- Foundation:
- Piers, Post & Pad, Wood
- Roof:
- Metal
- Alternative Power:
- Generator-Wired
- Garage:
- None
- Garage Spaces:
- 0.0
- Other Structures:
- Gazebo, Out Buildings, Other
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Family Room:
- No
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Taxes:
- $1,830.87 / 2024
- Assessment:
- $- / -
- Temagami
- Temagami
- Nipissing
- Beach, Campground, Lake Access, Marina, Wooded/Treed, Waterfront
- Carpet Free, Other
- Conservation Regulations
- fridge, stove, beds, large blue slide, generator, large green canoe
- Large black boat
- Wood
- Dock, Island
- Direct
- Clean, Deep, Mixed
- Owned
- North West
- Bay, Trees/Woods, Lake, Marina
- Direct, Partially Obstructive
- By Water, Other
- Lake Temagami
- Lake
- Bunkie
- Private
- Floor
- Type
- Size
- Other
- Main
- Bedroom
- 10'10" × 8'6"
- Carpet Free, Above Grade Window
- Main
- Kitchen
- 17'2" × 9'
- Eat-in Kitchen
- Second
- Bedroom 2
- 14' × 9'6"
- Carpet Free
- Second
- Loft
- 13' × 9'6"
- Water Supply Types:
- Lake/River
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
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Bunkie exterior
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Bunkie interior
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Bunkie interior 2
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Gazebo
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Gazebo interior
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Outhouse
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Virtual Tour
- 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.
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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.