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!
4 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $1,363 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 133 Island View Dr
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Finished
Exterior & construction
Pool
Yes
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
133 Island View Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13466048$1,499,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 133 Island View Dr Compares to the Grey Highlands Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$7,364
/mo
based on the purchase price of $1,499,000
$299,800 cash
$1,199,200 financed
$1,010,041 total interest
Principal54%$1,199,200
Interest46%$1,010,041
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Grey Highlands
Other 3–5 bed homes for sale in Grey Highlands around $1.5M.
Average days on market69Homes sold in about 69 days on average.
Sale-to-list ratio94.1%On average, homes sold below asking.
Active listings176Homes for sale here right now.
Median vs prior 90 days−3.6%Compared with Apr 20 – Jul 19, 2026: prices down.
Based on 58 sales from Jul 19 – Oct 17, 2026 (47 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 133 Island View Dr
How much is 133 Island View Dr listed for?
133 Island View Dr is listed at $1,499,000 (MLS® X13466048). Summitly updates the price as soon as the MLS® record changes.
Is $1,499,000 a good price for 133 Island View Dr?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Grey Highlands. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 133 Island View Dr changed?
No — 133 Island View Dr is still listed at its original asking price of $1,499,000.
How many bedrooms and bathrooms does 133 Island View Dr have?
133 Island View Dr has 4 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Grey Highlands.
How much would the monthly mortgage be on 133 Island View Dr?
About $7,364 a month — principal and interest on $1,499,000 with 20% down ($299,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 133 Island View Dr compare with other homes in Grey Highlands?
Its asking price of $1,499,000 is about 131% above the median sold price in Grey Highlands over the last 90 days, $650,000, across 58 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 133 Island View Dr been sold before?
Summitly has no earlier MLS® sale or lease of 133 Island View Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 133 Island View Dr?
133 Island View Dr is in Grey Highlands, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 133 Island View Dr been on the market?
120 days — 133 Island View Dr was listed on June 19, 2026.
What is the price per square foot of 133 Island View Dr?
About $999 to $1,363 per square foot: the asking price of $1,499,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 133 Island View Dr have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.
Does 133 Island View Dr have a basement, and is it finished?
