$799,000
208 PELLISIER STREET
Beds
7
Baths
5
Sqft
—
Year
—
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Grey Highlands. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
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 2022/23 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 $700-$900 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:65958)
- Subtype
- Single Family
- Architectural style
- Raised bungalow
- Structure
- House
- Community
- Grey Highlands
- Common interest
- Freehold
- Lot dimensions
- 132 x 165 FT
- Bedrooms
- 3 above grade, 4 below grade
- Parking
- 7 total
- Stories
- 1
- Fireplace
- 2
- On market
- Mar 6, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $5,848 (2025)
- Photos
- 50
- MLS#
- X12855968
- Area
- GREY_HIGHLANDS
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Lot
Cash on cash
-6.64%
Cap rate
3.54%
GRM
16.6
Break-even rent
$4,930
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.