208 PELLISIER STREET, Grey Highlands, Ontario, N0C1E0

Property Description

Imagine a home where the whole family fits... and it helps pay the bills! Welcome to this incredible 7-bedroom, 5-bathroom property in Eugenia, offering the perfect setup for multigenerational living, an income property, or a combination of both. Just a short 5-minute walk to the beach and minutes to the area's popular ski hills, this location offers a year-round lifestyle. Originally renovated in 2018 with approximately $350,000 in improvements, the home has been successfully operating as a licensed Airbnb since 2019, with the flexibility to continue generating income or accommodate family living. The thoughtful layout features two separate living spaces connected by a central shared living room. Inside, you'll find a spacious and welcoming interior with newer vinyl flooring, pot lights and updated bathrooms. The kitchen is well-equipped for hosting and large groups, featuring an industrial stove with venting. Wood fireplaces add warmth and character throughout the home. The property includes a 2 self-contained basement areas, each with two bedrooms, providing additional flexibility for guests or rental opportunity. A wrap-around deck creates the perfect space for relaxing and entertaining. Major mechanical updates include a new propane forced-air furnace and central air conditioning (2021), updated hot water tanks, and 400-amp electrical service. Outside, you'll find a detached garage with storage and a shed, offering plenty of room for tools, toys, and outdoor equipment. Currently generating strong short-term rental income with nightly rates ranging from $225-$300 and peak weeks around $3,000, this property offers exceptional flexibility and investment potential in one of Grey County's most desirable recreational areas. A rare chance to own a spacious home that can bring family together while also generating meaningful income. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Style: Raised bungalow
• Bedrooms: 7 (3 above, 4 below)
• Bathrooms: 5
• Ownership: Freehold
• Attached: No
• Fireplaces: 2
• Parking: 7 spaces (Detached Garage, Garage)
• Frontage: 132 ft (40.2 m)

Costs

• Annual Taxes: $5,848.00 (2025)

Listing Provided by: Royal LePage RCR Realty
Board: OnePoint Association of REALTORS®
Data provided via CREA DDF®.