133 Island View Drive Grey Highlands, Ontario N0C 1E0
$1,499,000
TURNKEY WATERFRONT INVESTOR & LIFESTYLE OPPORTUNITY! Welcome to 133 Island View Drive, a premier 4-season waterfront property on sought-after Lake Eugenia. Perfectly situated on an expansive lot with 80 feet of prime direct frontage, this winterized five bedroom sanctuary (including a bunkie with electricity) boasts a rare, coveted sandy beach entry-ideal for family swimming and water sports. Experience the ultimate year-round lifestyle: premier motorized boating, wakeboarding, and bass fishing in the summer; world-class skiing, snowboarding, and snowshoer trails at the nearby Beaver Valley Ski Club and Blue Mountain all winter long. Beyond a private retreat, this property is a highly successful, established short-term rental business operating since March 2022. Backed by verified performance figures in the attached document, the property achieved a 2024 peak gross of $76,653 and boasts a lean, incredibly stable annual cost structure (~$30k-$32k/year). The historic 3-year average net income sits at $35,071, despite the current owners heavily restricting dates for personal use. Unlock massive untapped revenue potential! By reclaiming owner-reserved inventory-opening the winter ski season and peak summer weeks to the market-pro forma projections show a Full-Availability Gross Potential of ~$94,750 and an Estimated Net Income Potential of ~$57,000+. Complete with a winterized hot tub, this property comes with the option to retain the highly experienced local co-host for an entirely hands-off, seamless transition. Live in luxury, enjoy effortless cash flow, or do both. Your turnkey Grey Highlands oasis awaits! (id:63476)
Property Details
| MLS® Number | X13466048 |
| Property Type | Single Family |
| Community Name | Grey Highlands |
| Amenities Near By | Beach, Marina |
| Easement | Unknown |
| Equipment Type | Water Heater, Water Heater - Gas |
| Features | Open Space, Flat Site, Level, Carpet Free |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater, Water Heater - Gas |
| Structure | Deck |
| View Type | Lake View, View Of Water, Direct Water View, Unobstructed Water View |
| Water Front Name | Eugenia Lake |
| Water Front Type | Waterfront On Lake |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 5 |
| Appliances | Hot Tub, Oven - Built-in, Water Treatment, Water Purifier |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Wood |
| Fire Protection | Controlled Entry |
| Fireplace Present | Yes |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Sqft |
| Type | House |
| Utility Water | Drilled Well, Shared Well |
Parking
| Detached Garage | |
| Garage |
Land
| Access Type | Private Road, Private Docking |
| Acreage | No |
| Land Amenities | Beach, Marina |
| Landscape Features | Landscaped |
| Sewer | Septic System |
| Size Depth | 165 Ft |
| Size Frontage | 80 Ft |
| Size Irregular | 80 X 165 Ft |
| Size Total Text | 80 X 165 Ft |
| Surface Water | Lake/pond |
Utilities
| Electricity | Installed |
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June 19 2026 03:01:38
Toronto Regional Real Estate Board
Chestnut Park Real Estate Limited