133 Island View Drive, photo 1

For sale Grey Highlands, Grey Highlands, ON

133 Island View Drive

List price
$1,299,000
Sq ft
1100-1500
Bedrooms
4+1
Bathrooms
2

About this home

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!

Photos of 133 Island View Drive

Facts and features of 133 Island View Drive

Key facts
TypeDetached
Style1 1/2 Storey
Bedrooms4 + 1
Bathrooms2
Size1100-1500 sq ft
Lot80 x 165 Feet
Parking4
GarageDetached
HeatingForced Air
CoolingNone
BasementFinished
ExteriorBoard & Batten , Wood
Taxes$5,806 (2025)
Days on market133
Listing brokerageCHESTNUT PARK REAL ESTATE LIMITED

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MLS® X13466048 Data source: PropTx Listed June 19, 2026