$1,299,000

$1,499,000For salePrice drop↓ $200,000 (13%)

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133 Island View Drive, Grey Highlands - Single Family for Sale

133 Island View Drive, Grey Highlands, Ontario, N0C1E0

5 beds2 baths4 parking1,300 ft²80 × 165 ft (13,200 sq ft) lot sizeListed 138 days ago

Overview

This 5-bedroom, 2-bathroom home in Grey Highlands is for sale offering roughly 1,300 sq ft of space.

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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! (id:66096)

Property Details

MLS®: X13466048
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 2
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 80 × 165 ft (13,200 sq ft)
Frontage: 80 ft
Storeys: 1
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, Garage
Fireplace: Yes
Waterfront: Yes
Ownership: Freehold
Property Tax

Features

Appliances: Water purifier, Hot Tub, Oven - Built-In, Water Treatment
Foundation: Block
Exterior: Wood
Lot Features: Open space, Flat site, Level, Carpet Free

Services

Water: Drilled Well, Shared Well
Sewer: Septic System
Utilities: Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

138d

Grey Highlands listings, avg age

88d

Price / ft²

$999

List price

$1.30M

Homes here sell slower than most markets

Sold homes in this market spent an average of 76 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 93.7 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 5-bed single family in Grey Highlands is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by CHESTNUT PARK REAL ESTATE LIMITED · CLAIRE SPEEDIE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0C)

This home lists at $1,299,000, about 15.3× the local median household income of $85,000.

Carrying it typically needs a household income of about $253,740 (20% down, 25-yr amortization, stress-tested) — roughly 199% above the area median.

Median household income: $85,000
Population: 17,537
Median age: 43.6
Owner / renter: 86% / 14%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0C)

$1,299,000· $999/ft²

For sale

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Full Cost Breakdown

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Down Payment8.08% · $104,900

Min 8.08%50%

Mortgage payment$6,620/mo

↳ CMHC premium ($47,764 capitalized)

Property tax (est.)$484/mo

Total monthly$7,104

Cash Needed to Close

Down payment (8.08%)$104,900

Land transfer tax$22,455

Est. closing costs$6,397

Total cash needed$133,752

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133 Island View Drive, Grey Highlands - Single Family for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N0C)

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Full Cost Breakdown

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