Areas with waterfront cottages for $250,000 or less
1. GEORGE'S LAKE, NFLD.
Price: $75,000 to $90,000
The lake, located in the western part of Newfoundland and a 20-minute drive from Corner Brook, has 50-year-old waterfront cottages. George's Lake is known for its salmon fishing and wilderness access.
2. MOLEGA LAKE AREA, N.S.
Price: $120,000 to $140,000
A 90-minute drive from Halifax, Molega Lake is the largest among a number of lakes. You can find a two-bedroom waterfront cottage sitting on an acre of land in this price range. A newer year-round residence on the same lake starts at $225,000.
3. NORTH RUSTICO, PEI
Price: $200,000
About 25 minutes from Charlottetown, North Rustico offers two-bedroom cottages on 50 metres of waterfront.
4. LAKE SELBY, QUE.
Price: $250,000
In the Eastern Townships, an hour's drive from Montreal, Lake Selby is an ecological lake that does not permit use of large motorized water vehicles. You can buy a 100-square-metre cottage with 30 metres of waterfront.
5. LANARK HIGHLANDS, ONT.
Price: $150,000 to $250,000
For the price, you can find a standard cottage in Lanark Highlands in the Rideau Lakes area, with a lot size of 30 x 50 metres with 30 metres of waterfront. The area is an hour from Ottawa.
6. HONEY HARBOUR, ONT.
Price: $250,000
The most affordable cottages feature 30 metres of waterfront, are quite rustic and are non-winterized. These island properties offer more privacy and are just an hour and a half from Toronto.
7. LAC LU, ONT., NEAR MANITOBA
Price: $250,000 or less
Lac Lu combines three lakes: Sandy Lake, Louise Lake and Lake LuLu. A seasonal cottage on one to two acres, with 30 to 80 metres of water frontage sells for this price. A year-round waterfront cottage sells from $200,000 to $250,000. Lac Lu is a two-hour drive from Winnipeg.
8. ECHO LAKE, SASK.
Price: $250,000
Neighbouring the small town of Fort Qu'Appelle and a 45-minute commute from Regina, Echo Lake offers year-round waterfront properties priced from $250,000. Lot sizes are approximately 15 x 55 metres and properties are in the 120-square-metre range.
9. LAC STE. ANNE, ALTA.
Price: $250,000
A 45-minute drive west of Edmonton, Lac Ste. Anne offers a standard 100-square-metre year-round cottage, built in the 1970s.
10. STACK LAKES, B.C.
Price: $200,000 to $250,000
Located in the Bridge Lake area, the Stack Lakes offer cottage seekers year-round recreational properties. Though smaller lakes, boating is still permitted.
I'm comin' Punky!! See ya in 25 years when i retire