Cheap Cottages For Sale on Mississippi Lake
4 cottages under $400,000 for sale on Mississippi Lake right now, from $100K to $235K. Updated through the day from the MLS®.
8 photos$99,990Land0 bath0 Stewart's Island908 - Drummond N Elmsley (Drummond) Twp, Drummond/North ElmsleyCourtesy of: COLDWELL BANKER FIRST OTTAWA REALTY
6 photos$99,990Land0 bath · < 700 sq ft0 CON 11 Road908 - Drummond N Elmsley (Drummond) Twp, Drummond/North ElmsleyCourtesy of: COLDWELL BANKER FIRST OTTAWA REALTY
14 photos$149,900Land0 bath · < 700 sq ftPT LT 1 CON 11 Road908 - Drummond N Elmsley (Drummond) Twp, Drummond/North ElmsleyCourtesy of: COLDWELL BANKER FIRST OTTAWA REALTY
37 photos$235,000Waterfront cottage3 bed · 1 bath · 1100-1500 sq ft107 Beck Shore Road908 - Drummond N Elmsley (Drummond) Twp, Drummond/North ElmsleyCourtesy of: PAUL RUSHFORTH REAL ESTATE INC.Listing data © PropTx MLS®. Information deemed reliable but not guaranteed.
Cottages under $400,000 on Mississippi Lake
Right now there are 4 cottages under $400,000 for sale on Mississippi Lake. Asking prices run from $100K to $235K, and the middle listing is $125K. Most are in Drummond/North Elmsley.
The largest lake in Lanark County, a long, shallow widening of the Mississippi River between Innisville and Carleton Place. More about Mississippi Lake.
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 Mississippi Lake?
There are 4 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 Mississippi Lake cost?
Asking prices run from $100K to $235K, with a median of $125K. Frontage, shoreline, exposure, road access and the building itself account for most of the spread.
Where on Mississippi Lake are these cottages under $400,000?
Most of today's listings are in Drummond/North Elmsley. Use the map above to see exactly where each one sits on the lake.
Can I get new cottages under $400,000 on Mississippi Lake sent to me?
Yes. Save this search or ask for listing alerts and new cottages under $400,000 on Mississippi Lake 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 Mississippi Lake
- Waterfront Cottages 19
- Luxury Cottages 1
- Under $500,000 5
- Under $750,000 12
- Under $1 Million 15
- Under $2 Million 18
- Four-Season Cottages 10
- Seasonal Cottages 2
- Island & Water Access Cottages 7
- Cottages with a Boathouse 2
- Cottages with a Sandy Beach 3
- Cottages with a Bunkie 2
- Investor-Friendly Cottages 1
- Fixer-Upper Cottages 1
- Cabins 16
- Waterfront Land 3
- Building Lots & Acreage 3
Cheap Cottages on other Lanark Highlands & Perth lakes
All cottages under $400,000 in Lanark Highlands & Perth · All cottages under $400,000 in Ontario
Mississippi Lake sold prices by year
58 cottages, homes and lots on Mississippi Lake have sold through the MLS® since 2019, 31 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 | 28 | ||||||
| 2025 | 24 | ||||||
| 2024 | 1 | ||||||
| 2023 | 1 | ||||||
| 2022 | 3 | ||||||
| 2019 | 1 | ||||||
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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