388 Cottage Road, Montague, ON

$499,000
MLS#:X13521616
2 beds
1 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 902 - Montague Twp. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $499,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 125 x 103.14 ft lot
  • 4.0 total parking spaces available
  • Notable attributes: Primary Bedroom - Main Floor, Separate Hydro Meter
  • Efficient other heating via wood

Description

Welcome to Firefly Cottage! Tucked along a peaceful stretch of the Rideau River, just minutes from historic Merrickville and Smiths Falls, this stunning 2017-built, log and cedar, three season cottage offers the ultimate turnkey escape. Featuring approximately 115 feet of west-facing waterfront for spectacular sunsets and backing onto private Crown Land, the property is an exclusive spot to relax and unwind. The great room offers a vaulted ceiling with a cozy wood stove installed in (2021). The bright sunroom has panoramic water views and double doors to separate the spaces. The bathroom with new shower, vanity and tiled floor (2025) offers modern convenience with the same beautiful design feel. There are two bedrooms that can remain fully furnished with the possibility of a third in the separate powered shed/bunkie. A 10x10 floating dock, and an artesian well system also come with the property. This nature lovers retreat offers an effortless, low-maintenance slice of paradise on the historic Rideau water system. This is a spot for lazy afternoons, canoe rides and bonfires under the stars. Whether you're fishing or simply relaxing by the shore under the canopy of cedars, you will love the tranquility of this riverfront retreat. Private road, maintenance is approx $200/year for spring and fall grading.

Upcoming Open Houses

Sunday, July 12, 20262:00 PM - 4:00 PMPublic

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Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date7/3/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionWood
BasementNone
Lot Size125 × 103.14 Feet
CountyLanark
Annual Tax$2,785
Legal DescriptionPT LT 24 CON A MONTAGUE PT 3, 27R538; T/W RS28269; S/T RS53939; MONTAGUE

Parking & Garage

Parking Spaces4.0
Garage Spaces4
Garage TypeNone

Heating & Cooling

Heat SourceWood
Heat TypeOther
CoolingNone

Features

Property Features

River/Stream, Waterfront, Clear View, Level

Interior Features

Primary Bedroom - Main Floor, Separate Hydro Meter

Security Features

Community Features

Location

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388 Cottage Road, Montague, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 388 Cottage Road, Montague, ON K7A 5B8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Montague.

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Interest Rate5.25%
Down Payment$24,950 (5.0%)
* Minimum Canadian down payment required for this price is $24,950.
Amortization Period25 Years
Estimated Monthly Payment$2,825Based on a loan of $474,050 over 25 years.
Purchase Price$499,000
Loan Amount$474,050
Provincial Land Transfer Tax:$6,455
Total Estimated Closing Taxes:$6,455

About Purchasing a Home in Montague, ON

For a property listed at $499,000 in Montague, the legal minimum down payment is $24,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,455 for this transaction. As this listing is in Montague (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,455.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Montague.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$626,911

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.