$1,499,000
16.09 BTC
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Map
133 Island View Drive, Grey Highlands
$1,499,000
PRICE
4 + 1
BEDROOMS
2
BATHROOMS
X13466048
MLSID

133 Island View Drive, Grey Highlands

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!
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Summary

Address
133 Island View Drive
MLSID
X13466048
Property Type
Detached
Property Category
Bedrooms
4 + 1
Bathrooms
2
Kitchens
1
Taxes (Annual)
$5,806.06
Tax Year
2025
Published
June 19, 2026
Days on Market
7 Days
Possession Type
1-29 Days
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Inclusions

As per Schedule B

Exclusions

As per Schedule B

Details

Property Features
Beach, Marina, Waterfront, Lake Access, Lake/Pond
Basement
Finished
Exterior Features
Hot Tub, Deck, Landscaped, Recreational Area, Year Round Living, Controlled Entry
Interior Features
Built-In Oven, Carpet Free, Water Treatment, Water Purifier
Parking Spaces
4
Parking Total
4
Parking Features
Private
Architectural Style
1 1/2 Storey
Roof
Asphalt Shingle
Construction Materials
Board & Batten , Wood
Lot Width
80 Feet
Lot Depth
165 Feet
Water
Well
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Owner
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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