Gurvinder Nokwal REALTOR®
For Sale Detached 121 days on market

$1,499,000

Est. payment $6,637/moCalculate yours

133 Island View Drive, Grey Highlands, ON N0C 1E0

Grey Highlands, Grey Highlands, ON N0C 1E0

  • 4 + 1 Beds
  • 2 Baths
  • 1 Garage
  • 1,100 Sq Ft
Map

Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED MLS® X13466048

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!

Property details

Overview

Property Type
Detached
Style
1 1/2 Storey
For
For Sale
Status
New
Size
1,100 sqft

Interior

Bedrooms
4 + 1
Bathrooms
2
Kitchens
1
Basement
Finished

Building & Systems

Heating
Forced Air (Gas)
Cooling
None
Exterior
Board & Batten , Wood
Foundation
Block
Roof
Asphalt Shingle
Water
Well
Sewer
Septic

Lot & Parking

Lot Size
80 x 165 Feet
Parking
Detached garage · 4 total

Financial

Property Taxes
$5,806 (2025)

Location

Neighbourhood
Grey Highlands
Cross Street
Island View and Paradise Lane
Direction Faces
North

Listing

MLS® Number
X13466048
Days on Market
121
Listed On
2026-06-19
Listed By
CHESTNUT PARK REAL ESTATE LIMITED

Features

Interior

  • Built-In Oven
  • Carpet Free
  • Water Treatment
  • Water Purifier

Property

  • Beach
  • Marina
  • Waterfront
  • Lake Access
  • Lake/Pond

Pool

  • Decommissioned
  • None
Included
As per Schedule B
Excluded
As per Schedule B

Mortgage calculator

Minimum for this price: $124,900 (8.33%)

Amortization, years

Estimated mortgage payment

$6,637 per month

Principal and interest
$6,637
Property tax
$484
Estimated monthly cost
$7,121

Your mortgage

Mortgage amount
$1,199,200
Mortgage insurance
Not needed
Interest over 25 years
$791,974

Cash to close

Down payment
$299,800
Land transfer tax
$26,455
Total, before legal fees
$326,255
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

133 Island View Drive, Grey Highlands, ON N0C 1E0 Grey Highlands, Grey Highlands, ON N0C 1E0
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,499,000 133 Island View Drive, Grey Highlands, ON N0C 1E0
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