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503 Margaret Street in Simcoe: Port McNicoll House for sale (Tay) : MLS®# S12374871

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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503 Margaret Street
Port McNicoll Simcoe L0K 1R0

$144,900
Residential Freehold beds: 0 baths: 0.0

Main Photo: 503 Margaret Street in Simcoe: Port McNicoll House for sale (Tay) : MLS®# S12374871
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
S12374871
Turn your vision into reality on this great residential building lot in Port McNicoll, a charming waterfront community on the shores of Georgian Bay. This vacant land opportunity offers the perfect canvas to create the home or cottage you've always imagined. Located in a peaceful setting, the property provides easy access to the Trans Canada Trail and the sparkling waters of Georgian Bay, ideal for boating, hiking, cycling, and outdoor adventures. Enjoy all the amenities nearby, including golf courses, parks, ski hills, marinas, schools, shopping, dining, and the town of Midland just a 10-minute drive away. With year-round road access and utilities available at the lot line, this property is ready for your build. Zoned R2, it allows for a single detached dwelling or even an accessory bed and breakfast. Whether you're looking for a family home site, retirement retreat, or an investment in a growing community, this lot offers great potential. Don't miss your chance to own vacant land in Georgian Bay, a truly desirable location for your next chapter.
Property Type:
Residential Freehold
Property Sub Type:
Vacant Land
Total Approx Floor Area:
< 700
Lot Size:
<.50
Depth:
117'4½"
Frontage:
60'
Topography:
Flat
Direction Faces:
West
Bedrooms:
0
Bathrooms:
0.0
Water supply:
Municipal
Kitchens:
0
Zoning:
R2
Possession Details:
Immediate
HST Applicable To Sale Price:
Included In
Taxes:
$248.88 / 2024
Assessment:
$- / -
Tay
Port McNicoll
Simcoe
Park, School Bus Route, Wooded/Treed
None
None
Utilities Cable:
No
Utilities Telephone:
No
Utilities Gas:
Available
Utilities Hydro:
Available
Utilities Water:
Available
Sewers:
Available
Special Designation:
Unknown
Sewers:
Sewer
Central Vacuum:
No
Seller Property Info Statement:
No
Ensuite Laundry:
No
Date Listed:
Sep 02, 2025
Original Price:
Previous Price:
  • Photo 1: 503 Margaret Street in Simcoe: Port McNicoll House for sale (Tay) : MLS®# S12374871
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Listed by Team Hawke Realty
Data was last updated September 2, 2025 at 10:15 PM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$166,950
Min list price:
$119,999
Max list price:
$2,550,000
Avg days on market:
61
Min days on market:
4
Max days on market:
446
These statistics are generated based on the current listing's property type and located in Port McNicoll. Average values are derived using median calculations. This data is not produced by the MLS® system.
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DARYL KING
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.

Explore More GTA Homes:

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.