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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60 Parkwood Drive

Wasaga Beach Simcoe L9Z 2T2

$399,999

Residential Freehold beds: 2 baths: 1.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

S12285366

Bedrooms:

2

Bathrooms:

1

• Photos (34)

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Welcome to 60 Parkwood Drive, Wasaga Beach. This 2 bedroom, 1 bathroom, detached home can be your year round residence or summer cottage. Ideal for first time home Buyers or for those looking to downsize. Great value! No condo or land lease fees! This freehold property is well insulated and comes equipped with a Gas Fireplace - which emits sufficient heat to keep the home warm. Spacious living area with walk-out to the patio/deck. The interior is well maintained. Both bedrooms can fit a queen bed in each. 3 piece bathroom with log accent wall. Modern light fixtures. 120V electrical panel. Windows and doors are in good condition. Set on a corner lot with plenty of space for your children or pets to roam. Fenced yard. Two storage sheds and ample driveway space for parking your vehicles/toys. Metal roof. A quick drive or bike ride to Wasaga Beach Area #5. Wasaga Beach is buzzing with development, particularly in its beachfront area and downtown core. Easy access to Collingwood and Blue Mountain for year round amenities. Easy, breezy living in Wasaga Beach.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

Bungalow

Total Approx Floor Area:

< 700

Depth:

59'8"18.2 m

Frontage:

158'2"48.2 m

Lot Shape:

Irregular

Direction Faces:

West

Bedrooms:

2

Bathrooms:

1.0

Water supply:

Municipal

Kitchens:

1

Bedrooms Above Grade:

2

Kitchens Above Grade:

1

Rooms Above Grade:

6

Zoning:

R1

Additional Info:

Heating type:

Other

Heating Fuel:

Other

Fireplaces:

1

Foundation:

Unknown

Roof:

Metal

Basement:

Crawl Space

Fireplace Features:

Natural Gas

Fireplace/Stove:

Yes

Garage:

None

Garage Spaces:

0.0

Other Structures:

Shed

Parking Features:

Private

Parking Spaces:

2

Total Parking Spaces:

2.0

Family Room:

Yes

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Included In

Taxes:

$1,723 / 2024

Assessment:

$- / -

Listing Area:

Wasaga Beach

Listing Sub-Area:

Wasaga Beach

County Or Parish:

Simcoe

Property Features / Area Influences:

Beach, Fenced Yard, Skiing

Interior Features:

Water Heater Owned, Primary Bedroom - Main Floor

Exterior Features:

Deck

Inclusions:

Fridge, Stove, Washer, Dryer, Existing Light Fixtures and Window Coverings

Exterior Finish:

Wood

Waterfront:

None

Room Information:

Floor

Type

Size

Other

Main

Mud Room

7'3"2.21 m × 6'4"1.93 m

Main

Kitchen

11'1"3.38 m × 10'11½"3.34 m

Main

Living Room

13'7¾"4.16 m × 11'1"3.38 m

Main

Bedroom

10'8"3.25 m × 8'4"2.54 m

Main

Bedroom 2

8'4"2.54 m × 7'11"2.41 m

Bathrooms:

Floor

Ensuite

Pieces

Other

Main

No

-

8'4" x 7'6½"

Other Details:

Special Designation:

Unknown

Sewers:

Sewer

Air Conditioning:

Wall Unit(s)

Central Vacuum:

No

Seller Property Info Statement:

No

Laundry Level:

Main Level

Listing Info:

Date Listed:

Jul 15, 2025

Original Price:

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Previous Price:

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  2 bed, 1 bath bungalow. Large fenced yard.
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  Surrounded by lush greenery.
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  Bedroom #1
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  Bedroom #1
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  Bedroom #1 - Queen Bed
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  Bedroom #1 - Queen Bed
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  Bedroom #2
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  Bedroom #2
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  Toasty Gas Fireplace
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Listed by Royal LePage Locations North

Data was last updated July 16, 2025 at 01:15 PM (UTC)

Area Statistics

Listings on market:

406

Avg list price:

$799,945

Min list price:

$139,900

Max list price:

$3,688,888

Avg days on market:

49

Min days on market:

1

Max days on market:

723

These statistics are generated based on the current listing's property type and located in Wasaga Beach. 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.