Canadian Cottage Real Estate 2010

It’s time once again for us to do a little realty check…..yes I did say realty check and not reality check…..because it’s time for our semi-regular Canadian Cottage Prices Review. It’s always interesting to see how much money a lakefront cottage costs in each province or territory of Canada.


This year I was a little surprised, not so much at how much money a cottage real estate cost, but how similar many prices were across the country with a few exceptions. Now, having said that, let me define what I looked for, which was a single family waterfront cottage with a minimum of two bedrooms and 1 bathroom.

During my search for cottage real estate I did not get into specifics about location, or the size of the lake etc. I did keep it to lot sizes of between 1 and 3 acres and tried to avoid places that appeared to be overly elaborate, lavish or huge, and therefore more expensive.

In a nutshell, I was looking for what it would cost a regular work-a-day family to purchase some cottage real estate, essentially a little cottage on the water somewhere with an already built cottage. Most of the cottage real estate properties I looked at were not brand new, in fact most were several years old at least.

So what did I find? Well, I found quite a few actually, and many of them quite interesting. I was pleasantly surprised. However, I need to say again, I did not get into issues of location, lake size etc.

Cottage Real Estate

Beginning in Newfoundland, you can own a 2 bedroom, 1 bath cottage in York Harbour for $49,500. If you go to another Canadian island, namely Prince Edward Island, you can own a two bedroom cottage with deeded water access on Brackly Beach for $71,900. But note, it’s not exactly waterfrontage, although you do have access to the water in the deed.

In Nova Scotia you can enjoy 2 bedroom 1 bathroom cottage real estate in a little place called Mooseland on 1.7 acres for $64,500. While in New Brunswick a two bedroom cottage in a place called Salmon River, for $54,900.

If you like the wild open spaces and beautiful forests of the Canadian Shield, a similar place in St Francois Quebec, with two bedrooms and two bathrooms will set you back about $159,900 and across into the next province, Ontario, you can have a cottage on Todd Lake, Port Loring, for $179,000.

Moving west, where the land becomes bigger, you can enjoy a 2 bedroom 1 bath, mobile home cottage retreat in Esterhozy, Saskatchewan for $220,000, or and this is the only province where I looked up two places, you can relax at your McKillop Saskatchewan lakefront cottage for $89,900.

I didn’t find Manitoba too cottage friendly, although I think it must be, there is quite a bit of water and quite a bit of land in Manitoba, perhaps it is just a well kept secret. However….I did find a waterfront, 3 bedroom, 1 bathroom place in Netley Creek at the foot of Lake Winnipeg, for a whopping $269,900 But remember, I am not sure it was a cottage, perhaps more of a house.

Surprisingly, just 45 minutes outside of Edmonton, Alberta, you can purchase a 2 bedroom, 1 bath property on a place called Sandy Beach, for $132,000.

It will cost ya $199,900 for a waterfront, 2 bedroom 1 bathroom cottage one hour from Vancouver in British Columbia’s Fraser Valley.

If you are looking for a real wilderness cottage to experience all that the great outdoors has to offer, there is a beautiful log cabin on Frances Lake, in the Yukon listed for $275,000. It’s only drawback, if you call it a drawback, is that you have to get to it by boat or plane, but that makes it all the better!

Still in the Great White North, a 2 bedroom, 1 bath place on Prosperous Lake in the Northwest Territories is gonna dig into your cottage savings account to the tune of about $320,000….no wonder they call the lake “prosperous” you’d need to be to buy a place there…..I couldn’t find much in the way of a lakefront cottage in the high north of Nunavet, I’m sure that there are some there, but I didn’t find any.

So there you go, cottages across Canada. As I mentioned, with a couple of exceptions, the prices were not too bad, not as bad as I thought they might be, but then again, I am not sure of the physical condition of the building, property location, size of the lake, etc, I could be comparing apples with onions…..

So lets do a little list, beginning with the least expensive:
     Newfoundland……………………..$49,500
     New Brunswick…………………. $54,900

     Nova Scotia………………………..$64,500

     Prince Edward Island………….. $71,900
     Alberta……………………………. $132,000

     Quebec…………………………… $159,900
     Ontario……………………………. $179,000
     British Columbia……………….. $199,900

     Saskatchewan…………………… $220,000

     Manitoba…………………………..$269,900
     Yukon…………………………….. $275,000
     Northwest Territories…………. $320,000

As you can see, even with the economy not exactly in tip top shape, purchasing a cottage is not cheap, especially if you are also paying on a mortgage for your city home. .
Obviously, purchasing some vacant land and starting your cottage or camp from scratch is a little less upfront outlay, but the banks and financial institutions can be tricky about lending a lot of money out on vacant land and you still need money to build a place. However, if you are willing to drive a little further into the country, and perhaps not be on the biggest lake in your province, owning a camp or cottage is not out of reach to the working class……yet……

© 2010 – 2012, Rob Dares. All rights reserved. Cottager Online/The Cottage Chronicles / Rob Dares material is copyrighted, please contact me if you wish to inquire about reposting etc All prices quoted for products are subject to change, customer is responsible to confirm price with seller.

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