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!
Under Contract:
Hot Water Heater, Hot Water Tank-Gas
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
1 1/2 Storey
Total Approx Floor Area:
1100-1500
Lot Depth:
165'50.3 m
Lot Frontage:
80'24.4 m
Topography:
Flat, Level, Open Space
Direction Faces:
North
Bedrooms:
4+1
Bathrooms:
2.0
Water supply:
Well
Kitchens:
1
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Kitchens Above Grade:
1
Rooms Above Grade:
8
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Block
Roof:
Asphalt Shingle
Basement:
Finished
Fireplace/Stove:
Yes
Alternative Power:
Generator-Wired
Garage:
Detached
Garage Spaces:
1.0
Parking Features:
Private
Parking Spaces:
4
Total Parking Spaces:
4.0
Family Room:
No
Pool:
Decommissioned, None
Link:
No
HST Applicable To Sale Price:
Included In
Taxes:
$5,806.06 /
2025
Assessment:
$- /
-
Grey County
Grey Highlands
Grey Highlands
Beach, Marina, Waterfront, Lake Access, Lake/Pond
Built-In Oven, Carpet Free, Water Treatment, Water Purifier
Hot Tub, Deck, Landscaped, Recreational Area, Year Round Living, Controlled Entry
Data was last updated June 19, 2026 at 02:15 PM (UTC)
Area Statistics
Listings on market:
125
Avg list price:
$899,000
Min list price:
$329,900
Max list price:
$6,950,000
Avg days on market:
52
Min days on market:
1
Max days on market:
725
These statistics are generated based on the current listing's property type
and located in
Grey Highlands. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.