Owning your own private island might sound like a far-off fantasy, but it's actually a lot cheaper than you'd think. This tiny home for sale in Ontario is perched on an equally tiny island, and it's the cutest spot to spend your days. Load up your boat and move away to Ontario's cheap private island without breaking the bank.

You don't need to win the lottery for a slice of island living. 

This little home for sale in Ontario is surrounded by water, so you can wake up on the lake every day.

Editor's Choice: Ontario Has A Mysterious Lake On Top Of A Mountain With Beautiful Turquoise Waters

Located in Trent Lakes, the one-bedroom house is on the market for $299,000.*  

It sits on a rocky island that's so small, it almost looks as though the house is floating.

You can enjoy the lake views from the spacious decks and get a golden tan on the dock.

The inside looks super cute, with a cozy wood stove, heated baseboards, and charming decor.

The bedroom has a door leading right outside, so you can roll out of bed and take in the sunrise first thing in the morning.

It's such a serene place to escape to, you'll forget all about city life.

The drive from Toronto is about two hours, which isn't too far for a weekend trip.

Stephani Buchman & Kim Letto | Century 21

If you aren't looking for a new home, you can still indulge in some tiny-home living by renting one of these mini Airbnbs in Ontario.

From fairytale cottages to colourful orchard abodes, these spots will give you a little taste of living small.

Stephani Buchman & Kim Letto | Century 21

You can find a few other inexpensive private islands around the province as well, which actually cost less than the average Toronto home.

Or, rent an Airbnb with some friends for the ultimate island escape. 

Rule over your own little spot of land at this adorable mini home on the water.

Stephani Buchman & Kim Letto | Century 21

Tiny Island Home

Price: $299,000*

Address: 3402 Island, Trent Lakes, ON

Description: This cute one-bedroom home is perched on a mini island and it's surprisingly cheap.

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*This article has been updated.