133 Island View Drive Grey Highlands, Ontario N0C 1E0

$1,499,000

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! (id:55460)

Property Details

MLS® Number	X13466048
Property Type	Single Family
Community Name	Grey Highlands
Amenities Near By	Beach, Marina
Easement	Unknown
Equipment Type	Water Heater, Water Heater - Gas
Features	Open Space, Flat Site, Level, Carpet Free
Parking Space Total	4
Rental Equipment Type	Water Heater, Water Heater - Gas
Structure	Deck
View Type	Lake View, View Of Water, Direct Water View, Unobstructed Water View
Water Front Type	Waterfront On Lake

Building

Bathroom Total	2
Bedrooms Above Ground	4
Bedrooms Below Ground	1
Bedrooms Total	5
Appliances	Hot Tub, Oven - Built-in, Water Treatment, Water Purifier
Basement Development	Finished
Basement Type	N/a (finished)
Construction Style Attachment	Detached
Cooling Type	None
Exterior Finish	Wood
Fire Protection	Controlled Entry
Fireplace Present	Yes
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	1,100 - 1,500 Ft2
Type	House
Utility Water	Drilled Well, Shared Well

Parking

Detached Garage
Garage

Land

Access Type	Private Road, Private Docking
Acreage	No
Land Amenities	Beach, Marina
Landscape Features	Landscaped
Sewer	Septic System
Size Depth	165 Ft
Size Frontage	80 Ft
Size Irregular	80 X 165 Ft
Size Total Text	80 X 165 Ft
Surface Water	Lake/pond

Utilities

Electricity

Installed

https://www.realtor.ca/real-estate/29927958/133-island-view-drive-grey-highlands-grey-highlands