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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale Listed 3 days ago

    388 Cottage Road

    Montague Twp·Smiths Falls, ON·K7A 5B8·Near Rideau River Road and Hwy 43

    • 2 beds
    Smiths Falls real estate›X13521616
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property 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.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jul 3, 2026ListedCurrentFor sale$499,000 —X13521616This page
    Apr 16, 2025Previously listedExp$534,900 —X12085406View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Other
      Air conditioning
      None
      Water source
      Well
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 388 Cottage Road
    What's nearby

    Points of interest classified by the MLS® feed.

    • River/Stream
    • Waterfront
    • Clear View
    • Level
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $2,451
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $232
    0.56% mill rate · ON
    The market

    How this home sits in the Smiths Falls market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Smiths Falls market right now

    Average sold price, days on market, and closed-transaction count for Smiths Falls — sourced from MLS®.

    • Avg sold price
      —
      Last 30 days
    • Median sold price
      —
      Middle of the market
    • Days on market
      —
      Avg from list to close
    • Closed last 30d
      —
      MLS® transactions
    Full Smiths Falls market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 388 Cottage Road — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 388 Cottage Road and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 388 Cottage Road listed for?

      388 Cottage Road is listed at $499,000 on the MLS® (listing X13521616). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 388 Cottage Road have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 1 bath
  2. 700-1100 sqft
  3. Detached
  4. Asking
    $499,000
    $0 / sqft · MLS® X13521616
    Chat Zara
  5. Zara AI Estimate
    Live valuation

    Not enough neighbourhood comparable data yet to estimate this listing. Chat with Zara for a private valuation.

    Ask Zara
    Market analytics

    Live market data for Smiths Falls.

    Avg sold price
    —
    Median sold
    —
    Avg days on market
    —
    Recently sold
    —
    See comparable sales
    Walk through online
    Listing agent has provided two interactive tours
    Open virtual tourWatch video tour
    • Welcome to Firefly Cottage!
    • 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.
    • A 10x10 floating dock, and an artesian well system also come with the property.
    Ask Zara a follow-up
    Septic
  6. Parking & garage

    3
    Garage
    None
    Parking spaces
    4
    Driveway
    Private Double
  7. Interior

    4
    Basement
    None
    Family room
    Y
    Kitchens
    1
    Total rooms
    6
  8. Exterior & construction

    6
    Exterior
    Wood
    Roof
    Asphalt Shingle
    Foundation
    Piers
    View
    River, Clear, Water, Trees/Woods
    Waterfront
    Y
    Pool
    None
  9. Listing & possession

    3
    Possession
    2026-07-24T00:00:00.000-00:00
    Property style
    Bungalow
    Property class
    Detached
  10. Combined estimate
    $2,683
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $2,451
    /mo
    based on the purchase price of $499,000
    $99,800 cash
    $399,200 financed
    $336,231 total interest
    Monthly payment$2,451/ month
    Principal54%$399,200
    Interest46%$336,231

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Smiths Falls

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 36 Beech Street
      Sold
      Sign in for price
      36 Beech Street
      Detached
    • 15 Davis Drive
      Sold
      Sign in for price
      15 Davis Drive
      Detached
    • 5894 Roger Stevens Drive
      Sold
      Sign in for price
      5894 Roger Stevens Drive
      Detached
    • 27-29 Bayview Lane
      Sold
      Sign in for price
      27-29 Bayview Lane
      Detached
    • 55 Church Street
      Sold
      Sign in for price
      55 Church Street
      Detached
    • 21 Gladstone Avenue
      Sold
      Sign in for price
      21 Gladstone Avenue
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    388 Cottage RoadThis home2 / 17,001,100$499,000ask———
    36 Beech Street3 / 2700—
    15 Davis Drive4 / 42,500—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Smiths Falls

    Active listings within ±20% of this asking price.

    • 12009 Highway 15
      $449,000
      12009 Highway 15
      Detached 3 1
    • 7496 Roger Stevens Drive
      $474,900
      7496 Roger Stevens Drive
      Detached 4 2
    • 7 Ontario Street
      $519,900
      7 Ontario Street
      Detached 3 2
    • 16 Glen Avenue
      $499,999
      16 Glen Avenue
      Detached 3 2
    • 2695 Rosedale Road
      $425,900
      2695 Rosedale Road
      Detached 3 1
    • 6779 Roger Stevens Drive
      $579,900
      6779 Roger Stevens Drive
      Detached 4 2
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  11. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  12. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  13. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  14. Public listing courtesy of RE/MAX AFFILIATES MARQUIS · displayed on Summitly per MLS® data-share rules

    388 Cottage Road is a 2-bedroom, 1-bath, 700-1100 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  15. When was 388 Cottage Road built?

    The year built for 388 Cottage Road isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  16. What is the property tax for 388 Cottage Road?

    The 'Property tax' tab in the History section shows the most recent annual tax for 388 Cottage Road plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  17. How much would the monthly mortgage be on 388 Cottage Road?

    The affordability calculator on this page shows an estimated monthly mortgage for $499,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  18. Has 388 Cottage Road been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 388 Cottage Road with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  19. What neighbourhood is 388 Cottage Road in?

    388 Cottage Road is in Montague Twp, Smiths Falls. The 'Neighbourhood' section below links to the live Smiths Falls real estate hub with average sold price, days on market, and current inventory.

  20. Is Smiths Falls a good place to live?

    Smiths Falls is one of ON's actively-tracked Summitly markets. The full Smiths Falls real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  21. 5894 Roger Stevens Drive
    2 / 2
    1,100
    —
    27-29 Bayview Lane3 / 1700—
    55 Church Street3 / 1700—
    21 Gladstone Avenue3 / 21,100—