133 Island View Drive, Grey Highlands, ON N0C 1E0
- $1,499,000
- 5
- BD
- 2
- BA
- 1,100
- SqFt
- List Price
- $1,499,000
- MLS#
- X13466048
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- 1 1/2 Storey
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 1100-1500
- Province
- ON
- Municipality
- Grey Highlands
- Area
- Grey County
- Neighborhood
- Grey Highlands
- Subdivision
- Island View And Paradise Lane
Property Description
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!
/u.realgeeks.media/homesfound/Mark_Risi_600x800.png)
Additional Information
- Taxes
- $5,806
- Water
- Drilled Well, Shared Well
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- None
- Kitchens
- 1
- Exterior
- Board & Batten , Wood
- Waterfront Type
- Direct
- Garage Spaces
- 1
- Garage Type
- Detached
- Pool
- Decommissioned, None
- Parking Spaces
- 4
- Parking Type
- Private
Mortgage Calculator
Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED.