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!
About this home
Photos of 133 Island View Drive
Facts and features of 133 Island View Drive
| Type | Detached |
|---|---|
| Style | 1 1/2 Storey |
| Bedrooms | 4 + 1 |
| Bathrooms | 2 |
| Size | 1100-1500 sq ft |
| Lot | 80 x 165 Feet |
| Parking | 4 |
| Garage | Detached |
| Heating | Forced Air |
| Cooling | None |
| Basement | Finished |
| Exterior | Board & Batten , Wood |
| Taxes | $5,806 (2025) |
| Days on market | 133 |
| Listing brokerage | CHESTNUT PARK REAL ESTATE LIMITED |
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133 Island View Drive
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133 Island View Drive
Listing information is deemed reliable but is not guaranteed accurate by PropTx or the Toronto Regional Real Estate Board. Data source: PropTx. Listings are refreshed from the MLS® at least daily.
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MLS® X13466048 Data source: PropTx Listed June 19, 2026