Cheap Cottages For Sale on the Lake of Bays
40 cottages under $400,000 for sale on the Lake of Bays right now, from $13K to $345K. Updated through the day from the MLS®.
39 photos$13,000Resort condo2 bed · 1 bath · 500-599 sq ft105-10 - 1052 RAT BAY RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate
29 photos$15,000Resort condo2 bed · 1 bath · 600-699 sq ft1052 Rat Bay 103-1 RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate
32 photos$33,500Resort condo0 bath · 900-999 sq ft111-2 - 1052 Rat Bay RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate
38 photos$34,500Resort condo2 bed · 2 bath · 900-999 sq ft108-8 - 1052 RAT BAY RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate
34 photos$35,000Resort condo2 bed · 2 bath · 900-999 sq ft106-7 - 1052 RAT BAY RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate
30 photos$38,900Resort condo2 bed · 2 bath · 900-999 sq ft1052 Rat Bay Rd 109-7 RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate
34 photos$39,000Resort condo2 bed · 2 bath · 900-999 sq ft107-3 - 1052 RAT BAY RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate
19 photos$39,900Resort condo2 bed · 2 bath · 900-999 sq ft111-8 - 1052 Rat Bay RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate
20 photos$40,000Resort condo2 bed · 2 bath · 900-999 sq ft1052 Rat Bay Rd 109-1 RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate
13 photos$42,500Resort condo2 bed · 2 bath · 900-999 sq ft118-3 - 1052 RAT BAY RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate38 photos$49,900Resort condo2 bed · 2 bath · 900-999 sq ft108-5 - 1052 RAT BAY RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real Estate
39 photos$49,900Resort condo2 bed · 2 bath · 900-999 sq ft116-10 - 1052 RAT BAY RoadFranklin, Lake of BaysCourtesy of: Chestnut Park Real EstateListing data © PropTx MLS®. Information deemed reliable but not guaranteed.
Lake of Bays cottage market today
Based on 16 homes for sale right now (asking prices). Updated through the day.
Homes by price
By style
| Style | For sale | Median price |
|---|---|---|
| Waterfront cottage | 16 | $120K |
| Resort condo | 13 | $120K |
| Cottage | 3 | $120K |
| Chalet | 2 | $120K |
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Get my instant estimateCottages under $400,000 on the Lake of Bays
Right now there are 40 cottages under $400,000 for sale on the Lake of Bays. Asking prices run from $13K to $345K, and the middle listing is $81K. Most are in Lake of Bays.
Lake of Bays earns its name. Instead of one big basin, it is a tangle of long arms and deep bays, with about 167 km of shoreline wrapped around a lake of roughly 6,780 hectares. Read the full Lake of Bays guide.
Lower prices usually mean a longer drive, a smaller lake, water access, a seasonal road or a building that needs work. None of those are deal breakers if you go in knowing which one you are buying.
Common questions
How many cottages under $400,000 are for sale on the Lake of Bays?
There are 40 listings right now, taken straight from the MLS® and updated through the day. New ones are added the day they come on the market.
How much do cottages under $400,000 on the Lake of Bays cost?
Asking prices run from $13K to $345K, with a median of $81K. Frontage, shoreline, exposure, road access and the building itself account for most of the spread.
Where on Lake of Bays are these cottages under $400,000?
Most of today's listings are in Lake of Bays. Use the map above to see exactly where each one sits on the lake.
Can I get new cottages under $400,000 on the Lake of Bays sent to me?
Yes. Save this search or ask for listing alerts and new cottages under $400,000 on the Lake of Bays are emailed to you the day they hit the MLS®, along with price drops. It is free and you can stop anytime.
More ways to shop Lake of Bays
- Waterfront Cottages 67
- Luxury Cottages 13
- Under $500,000 41
- Under $750,000 44
- Under $1 Million 49
- Under $2 Million 54
- Four-Season Cottages 54
- Seasonal Cottages 2
- Island & Water Access Cottages 17
- Cottages with a Boathouse 23
- Cottages with a Sandy Beach 54
- Cottages with a Bunkie 4
- Investor-Friendly Cottages 1
- Fixer-Upper Cottages 1
- Cabins 21
- Log Homes 1
- Chalets 3
- Waterfront Land 5
- Building Lots & Acreage 5
- Resort Condos 41
- Fractional Ownership 25
Cheap Cottages on other Muskoka lakes
- Lake Muskoka 21
- Lake Joseph 15
- Peninsula Lake 14
- Lake Rosseau 5
- Big East River 4
- Mary Lake 3
- Lake Vernon 2
- Gloucester Pool 2
- Kahshe Lake 1
All cottages under $400,000 in Muskoka · All cottages under $400,000 in Ontario
Lake of Bays sold prices by year
808 cottages, homes and lots on Lake of Bays have sold through the MLS® since 2013, 48 of them in the past 12 months. Sold prices are for members. Joining is free.
Free members see sold prices, sale-to-asking ratios and every sold listing on the lake.
| Year | Sales | Median sold | Average | Lowest | Highest | Sold vs. asking | Median days |
|---|---|---|---|---|---|---|---|
| 2026 to date | 43 | ||||||
| 2025 | 38 | ||||||
| 2024 | 51 | ||||||
| 2023 | 44 | ||||||
| 2022 | 56 | ||||||
| 2021 | 85 | ||||||
| 2020 | 99 | ||||||
| 2019 | 61 | ||||||
| 2018 | 63 | ||||||
| 2017 | 61 | ||||||
| 2016 | 72 | ||||||
| 2015 | 53 | ||||||
| 2014 | 43 | ||||||
| 2013 | 39 | ||||||
Sold data from the PropTx MLS®, for sales reported on the board. Private and exclusive sales are not included. Figures are a guide, not an appraisal. Information deemed reliable but not guaranteed.
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