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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51 Siddon Lake Place

Faraday Faraday K0L 1C0

$359,900

Residential Freehold beds: 1+1 baths: 2.0

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• Details
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Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

X13424638

Bedrooms:

1+1

Bathrooms:

2

• Photos (36)

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Waterfront Opportunity with Plenty of Potential Set on a peaceful spring-fed lake, this 4-season waterfront home or cottage offers approximately 83 feet of natural shoreline and sits on nearly half an acre with desirable south-west exposure for beautiful sunset views. Featuring 2 bedrooms and 2 full bathrooms, the home provides a solid starting point for those looking to enter the waterfront market. While the property would benefit from updating and improvements, it offers plenty of potential for buyers looking to personalize a waterfront retreat, year-round residence, or weekend getaway. Enjoy lake views from the living areas and bedrooms, and easy access to the water via a gently sloping lot with a few shallow steps leading to the shoreline. The long private driveway provides privacy and ample parking. Short distance to ATV and snowmobile trails along with local amenities. A detached 20' x 24' garage with loft space offers additional storage and plenty of potential for future use. The loft is laid out similarly to a bachelor-style space and includes a roughed-in 2-piece bathroom. Buyers should note that the garage and loft require repairs and updating but may appeal to those looking for a project with future possibilities. A 10' x 10'storage shed provides additional space for tools, recreational gear, and outdoor equipment. Whether you're searching for an affordable waterfront property, a renovation project, with short term rental potential or a cottage with room to add value over time, this property presents an opportunity to create something special in a beautiful lakeside setting. Enjoy swimming, paddling, fishing, or simply relaxing by the water while taking in the peaceful surroundings and stunning sunsets. This is a chance to own waterfront property and make it your own.

General Info:

Under Contract:

Propane Tank

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:

287'4½"87.6 m

Lot Frontage:

72'6½"22.1 m

Lot Shape:

Irregular

Topography:

Sloping, Terraced

Direction Faces:

West

Bedrooms:

1+1

Bathrooms:

2.0

Water supply:

Well

Well Capacity (gals/min):

5.0

Well Depth:

21'6.4 m

Kitchens:

1

Kitchens in Basement:

1

Bedrooms Above Grade:

1

Bedrooms Below Grade:

1

Kitchens Above Grade:

0

Rooms Above Grade:

4

Rooms Below Grade:

6

Zoning:

LSR

Additional Info:

Heating type:

Baseboard

Heating Fuel:

Electric

Fireplaces:

1

Foundation:

Concrete Block

Roof:

Shingles

Basement:

Finished with Walk-Out

Fireplace Features:

Fireplace Insert, Propane

Fireplace/Stove:

Yes

Alternative Power:

None

Garage:

Detached

Garage Spaces:

1.0

Other Structures:

Shed

Parking Features:

Private

Parking Spaces:

6

Total Parking Spaces:

7.0

Rural services:

Cell Services, Electricity Connected, Internet High Speed

Family Room:

Yes

Possession Details:

IMMEDIATE

Lot Irregularities:

see Geo

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Not Subject to HST

Taxes:

$3,071 / 2025

Assessment:

$- / -

County:

Hastings

Listing Area:

Faraday

Listing Sub-Area:

Faraday

Property Features / Area Influences:

Clear View, Cul de Sac/Dead End, Lake Access, Place Of Worship, School, Waterfront

Interior Features:

Sewage Pump, Water Heater Owned

Exterior Features:

Deck, Year Round Living

Easement/ Restrictions:

Unknown

Rental Items:

Propane Tanks x2

Inclusions:

refrigerator, stove, washer, dryer, portable air-conditioner

Exterior Finish:

Stone, Stucco (Plaster)

Water Frontage:

72'6"22.11 m

Waterfront Features:

Dock, No Motor, Stairs to Waterfront

Waterfront:

Direct

Shoreline:

Clean, Sandy

Shoreline Allowance:

None

View:

Clear, Lake, Water

Water View:

Direct

Access to property:

Year Round Private Road

Water Body Name:

Siddon Lake

Water Body Type:

Lake

Waterfront Accessory Buildings:

Not Applicable

Docking Type:

Private

Room Information:

Floor

Type

Size

Other

Main

Living Room

22'4"6.81 m × 11'7¾"3.55 m

Cathedral Ceiling(s), Overlooks Backyard

Main

Sitting

17'11"5.46 m × 11'7¾"3.55 m

Cathedral Ceiling(s), Combined w/Living

Main

Primary Bedroom

13'3½"4.05 m × 10'4"3.15 m

W/O To Deck, Overlooks Backyard

Lower

Kitchen

13'1½"4.00 m × 10'8¾"3.27 m

Combined w/Dining

Lower

Dining Room

15'11¾"4.87 m × 10'6"3.20 m

W/O To Water, W/O To Yard

Lower

Laundry

7'7"2.31 m × 6'4"1.93 m

Lower

Bedroom 2

9'2¼"2.80 m × 8'6"2.59 m

Overlooks Backyard

Lower

Utility Room

7'2.13 m × 2'2¾".68 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Main

No

4

10'1" x 6'6¾" 4 Pc Bath

Lower

No

3

7'1" x 4'11" 3 Pc Bath

Other Details:

Utilities Telephone:

Available

Utilities Hydro:

Yes

Water Supply Types:

Dug Well

Special Designation:

Unknown

Sewers:

Septic

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Level:

Lower Level

Listing Info:

Date Listed:

Jun 10, 2026

Original Price:

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Previous Price:

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Listed by Century 21 Granite Realty Group Inc.

Data was last updated June 15, 2026 at 06:15 AM (UTC)

Area Statistics

Listings on market:

25

Avg list price:

$689,500

Min list price:

$359,000

Max list price:

$2,249,000

Avg days on market:

41

Min days on market:

5

Max days on market:

215

These statistics are generated based on the current listing's property type and located in Faraday. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• 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.