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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TP IS 2300 Georgian Bay

Northeastern Manitoulin and The Islands Northeastern Manitoulin and The Islands P0P 2H0

$499,900

Residential Freehold beds: 7 baths: 3.0

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• Details
• Photos
• Map

Status:

Active

Prop. Type:

Residential Freehold

MLS® Num:

X13143074

Bedrooms:

7

Bathrooms:

3

• Photos (26)

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LAKE HURON ISLAND RETREAT WITH 900 FT OF WATERFRONT, TWO COTTAGES, A SAUNA HOUSE & UNFORGETTABLE SUNSETS! Five minutes by boat from the marina, this Pig Island retreat trades traffic for loons, fences for shoreline, and rushed weekends for days that stretch from sunrise coffee to one-more-jump-off-the-dock evenings. Spread across 2.07 acres with 900 ft of waterfront, deep water at the dock, panoramic views over Lake Huron, unforgettable sunsets, and the La Cloche Mountains in the distance, it gives every generation a reason to show up and stay awhile. Seven decks throughout the property give you multiple vantage points for water views, sunsets, and fresh air. The main cottage has four bedrooms, an eat-in kitchen, a living room, and a sunroom that opens to a large glass-railed deck where the view does not need any help selling itself. A separate guest cottage keeps family and friends close without crowding the main cottage, offering three bedrooms, its own eat-in kitchen, a cathedral-ceiling living room, and two patio door walkouts to a massive deck. After a swim, a boat ride, or a day spent fishing, the sauna house with a shower is exactly the cottage-country bonus everyone will fight over. A spacious workshop with a 12 ft workbench gives you room for tools, tackle, water toys, and all the gear that comes with island living. Close to Whitefish Falls Landing and Heaven's Gate Nature Preserve in an area known for excellent fishing, this turn-key retreat is made for cannonball contests, full dinner tables, late-night card games, and summers your family will still be talking about years from now.

General Info:

Property Type:

Residential Freehold

Property Sub Type:

Detached

Home Style:

1 1/2 Storey

Approx. Age:

51-99

Total Approx Floor Area:

2000-2500

Lot Size:

2-4.99

Lot Depth:

243'3½"74.2 m

Lot Frontage:

900'274 m

Lot Shape:

Irregular

Topography:

Rocky, Wooded/Treed

Direction Faces:

North

Bedrooms:

7

Bathrooms:

3.0

Water supply:

Other

Kitchens:

2

Bedrooms Above Grade:

7

Kitchens Above Grade:

2

Rooms Above Grade:

13

Zoning:

SR

Additional Info:

Heating type:

Baseboard

Heating Fuel:

Electric

Foundation:

Piers

Roof:

Metal

Basement:

None

Fireplace/Stove:

No

Alternative Power:

None

Garage:

None

Garage Spaces:

0.0

Other Structures:

Aux Residences

Parking Features:

None

Parking Spaces:

0

Total Parking Spaces:

0.0

Rural services:

Electricity To Lot Line

Family Room:

No

Possession Details:

Flexible

Pool:

None

Link:

No

Financial Info:

HST Applicable To Sale Price:

Not Subject to HST

Taxes:

$1,552.1 / 2025

Assessment:

$- / -

County:

Manitoulin

Listing Area:

Northeastern Manitoulin and The Islands

Property Features / Area Influences:

Lake/Pond, Island, Waterfront

Interior Features:

Sauna, In-Law Capability

Exterior Features:

Deck, Fishing, Privacy

Easement/ Restrictions:

Unknown

Rental Items:

None.

Inclusions:

Refrigerator & Stove.

Exclusions:

None.

Exterior Finish:

Aluminum Siding

Water Frontage:

900'274.32 m

Waterfront Features:

Island

Waterfront:

Direct

Shoreline:

Clean, Mixed

Shoreline Allowance:

None

Shoreline Exposure:

North

View:

Water, Trees/Woods, Panoramic

Water View:

Direct, Unobstructive

Access to property:

Water Only

Water Body Name:

Lake Huron

Water Body Type:

Lake

Waterfront Accessory Buildings:

Not Applicable

Docking Type:

Private

Room Information:

Floor

Type

Size

Other

Main

Kitchen

19'10"6.05 m × 12'3.66 m

Main

Living Room

20'1"6.12 m × 11'10"3.61 m

Main

Bedroom

12'3.66 m × 8'6"2.59 m

Main

Bedroom 2

11'6"3.51 m × 9'1"2.77 m

Main

Sunroom

14'10"4.52 m × 9'11"3.02 m

Second

Bedroom 3

12'8"3.86 m × 12'6"3.81 m

Second

Recreation

13'3"4.04 m × 9'4"2.84 m

Second

Bedroom 4

12'6"3.81 m × 10'10"3.30 m

Main

Kitchen

13'8"4.17 m × 12'5"3.78 m

Main

Living Room

14'6"4.42 m × 13'8"4.17 m

Main

Bedroom

10'10"3.30 m × 8'6"2.59 m

Main

Bedroom 2

10'10"3.30 m × 8'5"2.57 m

Main

Bedroom 3

10'10"3.30 m × 9'2.74 m

Main

Foyer

11'5"3.48 m × 7'3"2.21 m

Other Details:

Water Supply Types:

Lake/River

Special Designation:

Unknown

Sewers:

Septic

Air Conditioning:

None

Central Vacuum:

No

Seller Property Info Statement:

No

Listing Info:

Date Listed:

May 19, 2026

Original Price:

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Previous Price:

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Listed by RE/MAX HALLMARK PEGGY HILL GROUP REALTY

Data was last updated May 20, 2026 at 12:15 AM (UTC)

• 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.