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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5 Water - Gunter Lake

Cashel Ward Tudor and Cashel K0L 1W0

$339,900

Residential Freehold beds: 2 baths: 1.0

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• Details
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• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

X12786220

Bedrooms:

2

Bathrooms:

1

• Photos (39)

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Enjoy your new piece of paradise on Gunter Lake Island! Take in the fresh air coming off the lake while you sip a morning coffee or evening beverage and watch the loons dance and echo across the lake. Some of the best fishing on the lake is just a cast away from the front shoreline of the cottage/home. A full size kitchen, a living room with wood stove, laundry room and a sun room that allows you to overlook the lake when reading, playing board games or hosting a casual evening with friends and family. Guests staying the night will have their own privacy in an air conditioned bunkie. Plenty of upgrades were made in 2023 that were thoughtfully made to add to the comfort of living while remaining true to the feeling of lakeside living. Upgrades include a steel roof, siding, flooring, insulated floors, heat pump with AC, ceiling fans, tin ceiling, new windows and doors in the laundry room, new door in primary bedroom and the water system was upgraded with a heated line. Two storage sheds and a garden shed offer plenty of storage for wood, tools, outdoor furniture and water toys. With all that having a retreat on the water offers in the summer for boating, swimming and fishing, when the ice freezes, Gunter Lake becomes part of the OFSC Snow Mobile Trail, and is also well known for the quality of ice fishing. The shoreline on the front side of the property offers shallower hard bottom surfaces for muddling around in the crystal clear water, or swim off the backside of the property featuring a third dock and deeper waters. This truly is a piece of paradise that once you stand on the shores and look out over the water, you will picture the adventures and the memories that you and those closest to you will cherish for years to come.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Bungalow

Approx. Age:

51-99

Total Approx Floor Area:

700-1100

Lot Size:

<.50

Lot Depth:

157'47.9 m

Lot Frontage:

106'32.3 m

Lot Shape:

Irregular

Topography:

Flat, Wooded/Treed

Direction Faces:

South

Bedrooms:

2

Bathrooms:

1.0

Water supply:

Other

Kitchens:

1

Bedrooms Above Grade:

2

Kitchens Above Grade:

1

Rooms Above Grade:

7

Fractional Ownership:

No

Zoning:

SSR

Assignment:

No

Additional Info:

Heating type:

Heat Pump

Heating Fuel:

Electric

Fireplaces:

1

Foundation:

Piers, Concrete Block

Roof:

Metal

Basement:

None

Fireplace Features:

Wood Stove

Fireplace/Stove:

Yes

Alternative Power:

None

Garage:

None

Garage Spaces:

0.0

Other Structures:

Garden Shed, Shed

Parking Features:

Other

Parking Spaces:

0

Total Parking Spaces:

0.0

Rural services:

Electricity Connected

Family Room:

No

Possession Details:

Flexible

Lot Irregularities:

See Geowarehouse

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$1,633.21 / 2025

Assessment:

$- / -

County:

Hastings

Listing Area:

Tudor and Cashel

Listing Sub-Area:

Cashel Ward

Property Features / Area Influences:

Beach, Island, Lake Access, Lake/Pond, Waterfront, Wooded/Treed

Interior Features:

Carpet Free, Guest Accommodations, Primary Bedroom - Main Floor, Water Heater Owned

Exterior Features:

Deck, Fishing, Porch, Year Round Living

Security Features:

Carbon Monoxide Detectors, Smoke Detector

Easement/ Restrictions:

Unknown

Rental Items:

None

Inclusions:

Pontoon Boat with 25 HP Yamaha Four Stroke and Trailer. Fridge, stove, washer, dryer, chest freezer, linen closet in laundry room, one lazy boy couch, bed and frame in spare room of cottage, one canoe, two paddle boats, 14 ft aluminum boat, spare fridge in bunkie porch, window AC unit for bunkie, kitchen table and 4 chairs, firewood on site, wardrobe in primary bedroom.

Exclusions:

All TV's and furniture not listed, small kitchen appliances, dishes and cupboard items, stain glass lamp above kitchen table, stain glass in kitchen.

Lease to Own Equipment:

None

Exterior Finish:

Vinyl Siding

Water Frontage:

348'106 m

Waterfront Features:

Dock, Island, Winterized

Waterfront:

Direct

Shoreline:

Clean, Hard Bottom

Shoreline Allowance:

Not Owned

Shoreline Exposure:

South East

View:

Lake, Trees/Woods, Water

Water View:

Direct

Accessibility Features:

None

Access to property:

By Water, Public Docking, Seasonal Private Road

Water Body Name:

Gunter Lake

Water Body Type:

Lake

Water Delivery Features:

Heated Waterline

Waterfront Accessory Buildings:

Bunkie

Docking Type:

Private, Public

Room Information:

Floor

Type

Size

Other

Main

Kitchen

15'5"4.70 m × 11'3"3.43 m

Main

Living Room

15'5"4.70 m × 13'8"4.17 m

Main

Primary Bedroom

12'⅞"3.68 m × 9'9"2.97 m

Main

Bedroom 2

12'⅞"3.68 m × 8'9½"2.68 m

Main

Sunroom

25'7.62 m × 11'9¾"3.60 m

Main

Laundry

11'9"3.58 m × 7'3¾"2.23 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Main

No

4

2'6" x 7'3¾" 4 Pc Bath

Other Details:

UFFI:

No

Utilities Cable:

No

Utilities Telephone:

Available

Utilities Gas:

No

Utilities Hydro:

Yes

Utilities Water:

No

Water Supply Types:

Lake/River

Sewers:

No

Special Designation:

Unknown

Sewers:

Other

Air Conditioning:

Wall Unit(s)

Central Vacuum:

No

Seller Property Info Statement:

No

Physically Handicapped-Equipped:

No

Laundry Level:

Main Level

Listing Info:

Date Listed:

Feb 13, 2026

Original Price:

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Previous Price:

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Listed by ROYAL LEPAGE PROALLIANCE REALTY

Data was last updated April 6, 2026 at 02:15 PM (UTC)

• 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.

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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.