Get $3,248 Cash Back
133 ISLAND VIEW DRIVE, Grey Highlands — listed at $1,299,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
Does it have a basement, and is it finished?+
Yes — Finished, N/A. A finished basement adds meaningful living space beyond the listed square footage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,806.06, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What makes this a luxury property?+
At $1,299,000, the premium reflects location, finishes, and lot. In this price range, expect higher-end finishes — verify during a showing.
Is 133 ISLAND VIEW DRIVE a good fit for a growing family?+
With 5 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 4 spaces — Detached Garage, Garage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Ask About This Property
Nearby Places
Searching nearby places…
Similar listings
For Sale133 days35
For Sale15 days28
For Sale95 days11
For Sale130 days28
The listing data above is provided under copyright by the Canadian Real Estate Association. While the information is considered reliable, its accuracy is not guaranteed by the Canadian Real Estate Association or getsetsold.ca. Neither getsetsold.ca nor its affiliates make any representations or warranties, express or implied, regarding the accuracy or completeness of the information presented here.