$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
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
Estimated mortgage payment
$6,637 per month
- Principal and interest
- $6,637
- Property tax
- $484
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $326,255
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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