133 Island View Drive, Grey Highlands, ON N0C 1E0
Grey Highlands · Near Island View and Paradise Lane · View map
About this home
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!
The home
- Type
- 1 1/2 storey
- Style
- 1 1/2 Storey
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 4
- Basement bedrooms
- 1
- Bathrooms
- 2
- Kitchens
- 1
- Rooms
- 8
- Basement
- Finished
- Lot size
- 80 x 165 ft
- Faces
- North
- View
- Lake, Clear, Forest, Trees/Woods, Water
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Board & Batten, Wood
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- Yes
Garage & parking
- Garage
- Detached
- Garage spaces
- 1
- Driveway spaces
- 4
- Total parking
- 4
- Parking features
- Private
Taxes & other
- Property taxes
- $5,806/yr
- Tax year
- 2025
- Occupancy
- Owner
- Possession
- 1-29 days
- Cross street
- Island View and Paradise Lane
- Neighbourhood
- Grey Highlands
More
- Price per sq ft
- ~$1,153 (at 1,300 sq ft)
- Listed
- Jun 19, 2026 · 116 days ago
- MLS® number
- X13466048
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The home and its surroundings
- Built-In Oven
- Carpet Free
- Water Treatment
- Water Purifier
- Beach
- Marina
- Waterfront
- Lake Access
- Lake/Pond
- Hot Tub
- Deck
- Landscaped
- Recreational Area
- Year Round Living
- Controlled Entry
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
133 Island View Drive, Grey Highlands, ON N0C 1E0
Grey Highlands · Near Island View and Paradise Lane
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Listing history for 133 Island View Drive
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 133 Island View Drive
Answers come straight from this home’s MLS® listing.
How much is 133 Island View Drive listed for, and what would it cost each month?
133 Island View Drive is listed for $1,499,000. With 20% down ($299,800), the mortgage payment would be roughly $6,047 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,530 a month, all in. That figure is an illustration, not a quote.
Is 133 Island View Drive freehold or a condo, and is there a monthly fee?
133 Island View Drive is a 1 1/2 storey in Grey Highlands. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 133 Island View Drive have?
133 Island View Drive has 4 bedrooms, plus 1 more bedroom in the basement, and 2 bathrooms.
Does 133 Island View Drive have a garage and parking?
Yes. The listing shows the garage as detached, with room for 1 car. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 133 Island View Drive have a finished basement?
The listing describes the basement as finished. It counts 1 bedroom on that level. Finished basement space is usually not counted in the square footage shown.
What style of home is 133 Island View Drive?
133 Island View Drive is a 1 1/2 storey. A 1½-storey home has a full main floor and a partial second floor under the roofline, often with dormer windows.
Does 133 Island View Drive have a pool?
Yes. The listing shows decommissioned for the pool. Ask about its age, liner and equipment before you offer, since those are the costly parts to replace.
How big is 133 Island View Drive, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 80 x 165 ft.
How is 133 Island View Drive heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 133 Island View Drive?
Property taxes are $5,806 a year (2025), or about $484 a month.
Where is 133 Island View Drive?
133 Island View Drive is in Grey Highlands. The nearest main intersection is Island View and Paradise Lane. The postal code is N0C 1E0.
How long has 133 Island View Drive been on the market?
133 Island View Drive was listed on June 19, 2026. It has been on the market for 116 days. It is an active listing (MLS® X13466048). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 133 Island View Drive asking?
Similar bungalow-style homes for sale nearby right now include 194 Wiles Lane at $1,274,900 (4 bed), 407047 Grey 4 Road at $1,200,000 (5 bed) and 356598 The Blue Mountains- Euphrasia at $1,799,000 (3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 133 Island View Drive sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 133 Island View Drive?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near Grey Highlands, picked by style, size and price.
1 1/2 storey$1,274,900194 Wiles Lane, Grey Highlands4 bed · 2 bath · Grey HighlandsCourtesy of: Royal LePage Royal City RealtyView home →
1 1/2 storey$1,200,000407047 Grey 4 Road, Grey Highlands5 bed · 3 bath · Grey HighlandsCourtesy of: eXp RealtyView home →
1 1/2 storey$1,799,000356598 The Blue Mountains- Euphrasia, Grey Highlands3 bed · 3 bath · Grey HighlandsCourtesy of: Royal LePage Signature RealtyView home →Courtesy of: CHESTNUT PARK REAL ESTATE LIMITED
PropTx MLS® assumes no responsibility for the accuracy of any information shown. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.