133 Island View Drive
Grey Highlands, ON
- 5 bed
- 2 bath
- approx. 1100-1500 sqft
- Detached
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!
Listing Details
- Taxes (2025)
- $5,806
- Listed
- June 19, 2026
Price History
Property
- Style
- 1 1/2 Storey
- Construction
- Board & Batten, Wood
- Roof
- Asphalt Shingle
- Foundation
- Block
- Interior
- Built-In Oven, Carpet Free, Water Treatment, Water Purifier
- Lot Size
- 80 x 165 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 1
- Total Parking
- 4
Utilities
- Water
- Drilled Well, Shared Well
- Sewer
- Septic
- Heat Source
- Gas
Location & Legal
- Cross Street
- Island View and Paradise Lane
- Parcel Number
- 372530255
- Possession
- 1-29 days
- Occupancy
- Owner
Included
- Inclusions
- As per Schedule B
- Exclusions
- As per Schedule B
Waterfront
- Water Body
- Eugenia Lake
- Shoreline
- Sandy, Shallow, Clean
- Docking
- Private
Community
Postal area N0C
- Population
- 17,537
- Private dwellings
- 8,191
- Median age
- 43.6
- Average household size
- 2.6
- Median household income
- $85,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Grey Highlands · last 12 months
- Median sold price
- $650,000
- Homes sold
- 153
- Median days on market
- 49
- Sale-to-list price
- 93.8%
Based on 153 recorded sales of residential freehold properties in Grey Highlands over the last 12 months.
Listed by
CHESTNUT PARK REAL ESTATE LIMITED
Walk Score
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Location
Street View
Mortgage Calculator
$299,800
Estimated Monthly Payment
$7,364
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,364/mo (20% down, 5.5%)
Taxes: $484/mo · Insurance: $375/mo
Estimates only. Consult a financial advisor.
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