Following the Bank of Canada’s second rate cut of the year, it remains to be seen if this will finally spur buyers to return to the real estate market. Despite many homebuyers being hesitant to enter the real estate market due to high prices, not all properties have held steady or seen prices rise. Here we spotlight 10 cottage properties across Ontario that have recently seen price drops of six figures or more.
1622 W Shore Rd – Haliburton, ON
Property Details:
- 5 bedrooms, 3 bathrooms
- Detached
- Car-Dependent
- Current Days on Market: 25+
- Total Days on Market: 380+
Originally listed at over $5,000,000 in 2023, this stunning lakeside retreat is now on the market for under $4.7 million. Featuring an exquisite floor-to-ceiling stone fireplace, soaring ceilings, and a screened-in sunroom, this majestic property will be sure to take your breath away.
View the listing here.
1250 Old Parry Sound Rd – Utterson, ON
Property Details:
- 4 bedrooms, 3 bathrooms
- Detached
- Car Dependent, Somewhat Bikeable
- Current Days on Market: 30+
- Total Days on Market: 370+
This 3500 sq ft bungalow was completed back in 2022 and features a beautiful great room with vaulted ceilings and a custom fireplace abutted by a row of large windows for natural light. This home was initially listed last year for over $2.3 million but has since been re-listed for under $1.7 million, a reduction of more than $700,000. Situated just minutes from the Diamond in the Rough Golf Course, a public boat launch, and Skeleton Marina, it is also close to the charming towns of Bracebridge, Huntsville, Rosseau, and Port Sydney, which offer lakes, beaches, farmers’ markets, and shopping.
View the listing here.
2491 County Rd 64 – Prince Edward County, ON
Property Details:
- 3 bedrooms, 2 bathrooms
- Detached
- Car Dependent, Somewhat Bikeable
- Current Days on Market: 20+
- Total Days on Market: 750+
Complete with a beautiful farmhouse kitchen, soaring ceilings with exposed beams, and many other charming characteristics, this timeless home was put on the market back in 2022 at a price tag of close to $5 million. Since then, it has recently been re-listed for under $3.3 million, a reduction of over $1.5 million.
View the listing here.
27 Whippoorwill Rd – Lion’s Head, ON
Property Details:
- 4 bedrooms, 3 bathrooms
- Detached
- Car Dependent, Somewhat Bikeable
- Current Days on Market: 10+
- Total Days on Market: 350+
This one-of-a-kind custom-built bungalow offers breathtaking views of Georgian Bay and is only 45 minutes away from Tobermory Harbour. With an open-concept kitchen, high-end finishings, and heated floors throughout, this home is truly extraordinary. Originally listed at just under $1.7 million in 2023, it has since undergone a nearly $500,000 price drop.
View the listing here.
1329 Trappers Lane – Douro-Dummer, ON
Property Details:
- 4 bedrooms, 4 bathrooms
- Detached
- Car Dependent, Somewhat Bikeable
- Current Days on Market: 40+
- Total Days on Market: 250+
This one-of-a-kind four-season lake house is custom-built for entertainment and relaxation. Featuring a spectacular recreation building once used as a recording studio, this property offers million-dollar sunset views and much more. Originally listed above $3.4 million in 2023, the home has since been re-listed for close to $2.9 million.
View the listing here.
53 Broadview St – Collingwood, ON
Property Details:
- 4 bedrooms, 4 bathrooms
- Detached
- Car Dependent, Somewhat Bikeable
- Current Days on Market: 10+
- Total Days on Market: 890+
This beautiful country retreat, boasting unique architecture and nestled amidst stunning natural surroundings, is currently listed for just under $2 million, after seeing a nearly $1.5 million drop from its original listing price in 2022. Crafted with the highest quality and craftsmanship, this home comes complete with a stone fireplace, cathedral ceilings, and direct access to Canada’s natural beauty.
View the listing here.
496083 Grey Rd 2 – Clarksburg, ON
Property Details:
- 5 bedrooms, 6 bathrooms
- Detached
- Car Dependent, Somewhat Bikeable
- Current Days on Market: 10+
- Total Days on Market: 405+
Stunning and lovingly designed, this sprawling property offers panoramic views of Georgian Bay and the Blue Mountains. Listed at over $4.8 million last year, this home has recently been put back on the market for under $4 million.
View the listing here.
114 Eastwind Lane – Clarksburg, ON
Property Details:
- 1 bedroom, 2 bathrooms
- Detached
- Car Dependent, Somewhat Bikeable
- Current Days on Market: 10+
- Total Days on Market: 305+
This lovely low-maintenance, high-end beachfront cottage features a bright open-concept plan and amazing views. Originally listed at over $3.5 million, it has since been reduced by over $500,000.
View the listing here.
629 Canal Rd – Huntsville, ON
Property Details:
- 4 bedrooms, 4 bathrooms
- Detached
- Car Dependent, Somewhat Bikeable
- Current Days on Market: 30+
- Total Days on Market: 750+
This beautiful private property was first put on the market back in 2022 at a price tag of almost $4 million. Since then, it has undergone a price deduction of over $1.5 million. Featuring soaring ceilings, majestic lake views, and a 10-car garage, anyone would be lucky to call it home.
View the listing here.
183 Hunters Bay Dr – Huntsville, ON
Property Details:
- 5 bedrooms, 3 bathrooms
- Detached
- Car Dependent, Somewhat Bikeable
- Current Days on Market: 15+
- Total Days on Market: 390+
This beautiful contemporary home, nestled on Hunters Bay, boasts numerous skylights, a plunge pool, and a floating dock that provides front-row seats to annual Canada Day fireworks. Originally listed at almost $3.3 million last year, the home is now on the market for close to $2.75 million. Entirely Smart Home integrated, the property allows for remote control of features such as irrigation, outdoor lighting, heating, and more.
View the listing here.
Are you looking to enter the market this season? Give us a call today! One of the experienced real estate agents at Zoocasa will be more than happy to help you through the exciting home-buying process.
