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.
593 Mazinaw Lake N/A
Lennox & Addington
K0H 1K0
$315,000
Residential Freehold
beds: 3
baths: 1.0
- Status:
- Sold
- Sold Date:
- Sep 05, 2025
- Listed Price:
- $315,000
- Sold Price:
- $315,000
- Sold in:
- 12 days
- Prop. Type:
- Residential Freehold
- MLS® Num:
- X12361698
- Bedrooms:
- 3
- Bathrooms:
- 1
- Property Type:
- Residential Freehold
- Property Sub Type:
- Detached
- Home Style:
- Bungalow
- Approx. Age:
- 51-99
- Total Approx Floor Area:
- 700-1100
- Depth:
- 358'8"
- Frontage:
- 206'8"
- Lot Shape:
- Rectangular
- Direction Faces:
- North
- Bedrooms:
- 3
- Bathrooms:
- 1.0
- Water supply:
- Well
- Kitchens:
- 1
- Bedrooms Above Grade:
- 3
- Kitchens Above Grade:
- 1
- Rooms Above Grade:
- 7
- Heating type:
- Other
- Heating Fuel:
- Wood
- Fireplaces:
- 2
- Foundation:
- Concrete Block, Piers
- Roof:
- Asphalt Shingle
- Basement:
- None
- Fireplace Features:
- Family Room, Wood, Pellet Stove
- Fireplace/Stove:
- Yes
- Alternative Power:
- None
- Garage:
- None
- Garage Spaces:
- 0.0
- Other Structures:
- Out Buildings, Shed, Storage
- Parking Spaces:
- 0
- Total Parking Spaces:
- 0.0
- Family Room:
- Yes
- Possession Details:
- Immediate / Flexible
- Pool:
- None
- Link:
- No
- HST Applicable To Sale Price:
- Not Subject to HST
- Assessment Year:
- 2024
- Development Charges Paid:
- Unknown
- Taxes:
- $3,651 / 2024
- Assessment:
- $- / 2024
- Addington Highlands
- 62 - Addington Highlands
- Lennox & Addington
- Waterfront, Wooded/Treed, Marina, Beach, Clear View
- Storage, Water Treatment, Water Heater Owned
- Fishing, Privacy, Backs On Green Belt, Deck, Patio
- None
- Unknown
- None / N.A
- Fridge, Oven/Stove, Dishwasher, Pontoon boat, Furnishings, Well and Water Equipment, Pontoon Boat, Tools
- None / N.A
- Wood
- No
- Beach Front, Boathouse, Boat Slip
- Direct
- Clean, Sandy
- Owned
- Direct
- By Water, Water Only, Private Docking, Marina Docking
- Upper Mazinaw Lake
- Lake
- Water Treatment
- Dry Boathouse-Single, Multiple Slips
- Marina, Private
- Water Supply Types:
- Dug Well
- Special Designation:
- Unknown
- Sewers:
- Septic
- Air Conditioning:
- None
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
- Ensuite Laundry:
- No
- Laundry Level:
- Main Level
- Date Listed:
- Aug 24, 2025
-
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- 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.