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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WS89 Island French River
Mowat Parry Sound Remote Area P0M 1A0

$395,000
Residential Freehold beds: 0 baths: 0.0

Main Photo: WS89 Island French River in Parry Sound Remote Area: Mowat House for sale : MLS®# X13425126
Photo 1: WS89 Island French River in Parry Sound Remote Area: Mowat House for sale : MLS®# X13425126
Photo 2: WS89 Island French River in Parry Sound Remote Area: Mowat House for sale : MLS®# X13425126
Photo 3: WS89 Island French River in Parry Sound Remote Area: Mowat House for sale : MLS®# X13425126
Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
X13425126
4.5-Acre Private Island in the French River. Escape to your own private island paradise on the historic French River. This exceptional 4.5-acre island is beautifully treed with mature white pines and features a smooth granite shoreline offering the classic Northern Ontario landscape that cottage owners dream about. The island provides outstanding privacy and a peaceful natural setting, perfect for relaxing, exploring and enjoying the outdoors. An old cabin built in 1927 is located near the center of the Island and needs to be replaced. The roof has failed but the foundation and fireplace are robust. Secluded and sheltered bay at south side for docking and excellent swimming. Sunsets and cliff diving from the western exposed cliffs. The Island also has prolific blueberries, cranberries and cardinal flowers growing. Renowned for excellent fishing, scenic waterways and endless boating opportunities, the French River is one of Ontario's most sought-after recreational destinations. Whether you're casting a line, exploring sheltered bays or simply enjoying the breathtaking surroundings this property offers an unparalleled waterfront lifestyle. Located approximately 20 minutes by boat from French River Supply Post Marina the island combines convenient access with the seclusion and tranquility of true island living. Here is a rare opportunity to own a prestigious island and build your dream cottage to create lasting memories in one of Ontario's most iconic boating and fishing destinations.
Property Type:
Residential Freehold
Property Sub Type:
Vacant Land
Approx. Age:
100+
Lot Size:
2-4.99
Lot Depth:
0'
Lot Frontage:
2040'
Lot Shape:
Other
Direction Faces:
South
Bedrooms:
0
Bathrooms:
0.0
Water supply:
None
Kitchens:
0
Zoning:
N/A
Alternative Power:
Other
Parking Features:
None
Possession Details:
30 Days
Pool:
None
HST Applicable To Sale Price:
Included In
Assessment:
$164,000
Assessment Year:
2026
Taxes:
$1,766 / 2026
Assessment:
$164,000.00 / 2026
Parry Sound
Parry Sound Remote Area
Mowat
Island, Waterfront, Wooded/Treed
Unknown
Personal items
2034'
Island, Waterfront-Deeded
Direct
Clean, Natural, Rocky
None
All
Panoramic, Trees/Woods, Water
Direct
No Road, Water Only
French River
River
Not Applicable
None
Utilities Cable:
No
Utilities Telephone:
No
Utilities Gas:
No
Utilities Hydro:
No
Utilities Water:
No
Water Supply Types:
Lake/River
Sewers:
No
Special Designation:
Unknown
Central Vacuum:
No
Seller Property Info Statement:
No
Date Listed:
Jun 10, 2026
Original Price:
Previous Price:
  • Photo 1: WS89 Island French River in Parry Sound Remote Area: Mowat House for sale : MLS®# X13425126
    Photo 1 of 3
  • Photo 2: WS89 Island French River in Parry Sound Remote Area: Mowat House for sale : MLS®# X13425126
    Photo 2 of 3
  • Photo 3: WS89 Island French River in Parry Sound Remote Area: Mowat House for sale : MLS®# X13425126
    Photo 3 of 3
Listed by Royal LePage Team Advantage Realty
Data was last updated June 11, 2026 at 02:15 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$209,000
Min list price:
$135,000
Max list price:
$899,000
Avg days on market:
92
Min days on market:
8
Max days on market:
727
These statistics are generated based on the current listing's property type and located in Parry Sound Remote Area. Average values are derived using median calculations. This data is not produced by the MLS® system.
DARYL  KING
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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.

Explore More GTA Homes:

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.