Dreaming of owning a serene getaway? With cottages for sale in Ontario under $500 000, you can enjoy lakeside living, weekend retreats, or investment opportunities without breaking the bank. From Muskoka and Kawartha Lakes to Parry Sound and beyond, there’s a cottage that fits your budget and lifestyle.

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758 Paradise Lane
Parry Sound Parry Sound P2A 2X4

$429,000
Residential Freehold beds: 2 baths: 1.0

Main Photo: 758 Paradise Lane: Parry Sound House for sale : MLS®# X12129908
Photo 1: 758 Paradise Lane: Parry Sound House for sale : MLS®# X12129908
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Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
X12129908
Bedrooms:
2
Bathrooms:
1
Don't miss this well-kept, turnkey 2-bedroom, 1-bathroom cottage nestled on leased land on beautiful Parry Island. Enjoy a sandy beach shoreline with a gentle entry and deep water dockage in a protected bay directly across from scenic Killbear Point. This inviting property has seen numerous updates over the years, including a durable steel roof, updated siding, windows, doors and piers. Inside the cottage is tastefully decorated and ready for immediate enjoyment. The nicely landscaped yard leads to a stunning 16'x16' guesthouse perched on Georgian Bay granite offering breathtaking views and a perfect space for visitors. If you're looking for a serene summer getaway or a fantastic family retreat, this property has it all. Act fast, book your showing today! Check out the video link. NOTE: Property is Leased Land.
Under Contract:
Propane Tank
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Bungalow
Total Approx Floor Area:
700-1100
Lot Size:
<.50
Depth:
0'
Frontage:
117'11"
Topography:
Level
Direction Faces:
North
Bedrooms:
2
Bathrooms:
1.0
Water supply:
Other
Kitchens:
1
Bedrooms Above Grade:
2
Kitchens Above Grade:
1
Rooms Above Grade:
7
Ensuite Laundry:
No
Heating type:
Other
Heating Fuel:
Propane
Fireplaces:
1
Foundation:
Piers
Roof:
Metal
Basement:
None
Fireplace Features:
Propane
Fireplace/Stove:
Yes
Alternative Power:
None
Garage:
None
Garage Spaces:
0.0
Other Structures:
Other
Parking Features:
Private
Parking Spaces:
8
Total Parking Spaces:
8.0
Rural services:
Cell Services, Electricity Connected, Internet High Speed
Family Room:
No
Possession Details:
Immediate
Pool:
None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$2,175.23 / 2024
Assessment:
$- / -
Parry Sound
Parry Sound
Parry Sound
Beach, Hospital, Lake/Pond, Marina
Propane Tank, Water Heater Owned
Deck, Fishing, Recreational Area, Seasonal Living
Other
Propane Tank
Most Contents - See Schedule C.
See Schedule C
Vinyl Siding
118'
Beach Front, Dock
Direct
Sandy
None
North East
Lake
Direct
Seasonal Municipal Road
Georgian Bay
Bay
UV System
Bunkie
Private
Floor
Type
Size
Other
Main
Kitchen
11'7" × 9'4¼"
Main
Dining Room
14'10¾" × 9'7"
W/O To Deck
Main
Living Room
14'10¾" × 14'4"
Fireplace
Main
Primary Bedroom
10'11½" × 10'7½"
Main
Bedroom
11' × 9'
Main
Mud Room
10' × 6'9"
Floor
Ensuite
Pieces
Other
Main
No
3
7'6" x 7'8" 3 Pc Bath
Utilities Cable:
Available
Utilities Telephone:
Available
Utilities Gas:
No
Utilities Hydro:
Yes
Utilities Water:
No
Water Supply Types:
Lake/River
Sewers:
No
Special Designation:
Unknown
Sewers:
Septic
Air Conditioning:
None
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
May 07, 2025
Original Price:
Previous Price:
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    Bunkie
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    Bunkie
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    Surrounding area
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    Surrounding area
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    Surrounding area
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    Nearby Killbear Point
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    Surrounding area
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    Surrounding area
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    Surrounding area
Listed by Royal LePage Team Advantage Realty
Data was last updated May 11, 2025 at 02:15 PM (UTC)
Area Statistics
Listings on market:
23
Avg list price:
$539,900
Min list price:
$389,900
Max list price:
$1,850,000
Avg days on market:
26
Min days on market:
2
Max days on market:
624
These statistics are generated based on the current listing's property type and located in Parry Sound. Average values are derived using median calculations.
DARYL  KING
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Explore Affordable Cottages Across Ontario

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Buying a cottage involves various considerations, such as understanding property maintenance, seasonal accessibility, and local amenities. Our resources and expert guidance are designed to help you navigate these complexities, ensuring a smooth and informed buying process. We offer advice on inspections, financing options, and long-term investment strategies to help you make the best choice.

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FAQs – Cottages for Sale Ontario Under $500 000

1. Where can I find cottages under $500,000 in Ontario?
Popular areas include Kawartha Lakes, Parry Sound, Haliburton, Bancroft, and some northern regions of Muskoka.

2. Are cottages in this price range year-round or seasonal?
Many are seasonal, but you can find winterized options suited for year-round living at this price point.

3. Can I get waterfront access for under $500,000?
Yes, though most will be smaller properties or located on less-populated lakes or rivers.

4. Is financing a cottage similar to buying a house?
Cottage financing is available but may require different terms depending on seasonal vs. year-round use.

5. Are these good for short-term rentals?
Absolutely. Many buyers purchase affordable cottages in Ontario for Airbnb or VRBO investment potential.