Business Opportunity

Business opportunity

191-221 PENNIE AVENUE · Tehkummah, Ontario P0P2C0

Asking price$3,999,000
Property typeBusiness
Land area116.8 acres

The Opportunity

Overview

Introducing The Estate on Michaels Bay, a rare 116-acre waterfront property on Manitoulin Island offering unmatched commercial potential. With 928 feet of shoreline on Lake Huron, this estate features a 9,000 sq ft log lodge, 3,000 sq ft guest house, 3,600 sq ft heated workshop, private lake, and a 2,500 ft air strip allowing direct access from Toronto in just 85 minutes by private plane. There is also a commercial airport with a 3,500 ft runway capable of handling executive jets just 40 minutes away from the property. The MS Chi-Cheemaun ferry from Tobermory to Manitoulin Island is 20 minutes away. Previously operated as a restaurant, the property is primed for revival as a destination dining venue or luxury hospitality experience. Its layout and amenities make it ideal for a corporate retreat, wellness resort, or boutique lodge. Development for a golf course was initiated, with fairways already cleared offering a head start for investors looking to complete and brand a signature course. The main residence boasts vaulted ceilings, radiant in-floor heating, a dramatic 4-sided stone fireplace, luxury kitchen, spa-like primary suite, and expansive entertainment spaces. The guest house includes 4 bedrooms and 2.5 baths, while the workshop offers oversized garage doors, EV charging, and an unfinished apartment. Backing onto 500+ acres of protected conservation land with hiking trails, this gated estate blends privacy, adventure, and upscale infrastructure. Whether reimagined as a resort, executive retreat, or legacy investment, this property delivers a once-in-a-lifetime opportunity to shape a premier destination in Northern Ontario. Manitoulin Island is the Largest Fresh Water Island in the World with stunning natural beauty, including beautiful waterfalls, sandy beaches, and numerous lakes and trails. It's a popular destination for camping, hiking, and stargazing, offering a tranquil escape into nature. The island is easily accessible by vehicle, airplane and boat. (id:61970)

Investment highlights

  1. 01Business

Property details

Property type
Business
Transaction
business
Site area
116.8 acres
Listing brokerage
Sotheby's International Realty Canada
Listing representative
BRYAN COXWORTH
Board / association
OnePoint

Financial information

Asking$3,999,000

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Location intelligence

Tehkummah

Documents

Source Record

Current listing facts, with attribution intact.

Source
REALTOR.ca DDF®
Listing status
active
Source ID
28830449
Last supplied
May 24, 2026
Listing brokerage
Sotheby's International Realty Canada
Listing representative
BRYAN COXWORTH
Board / association
OnePoint

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Listing brokerage: Sotheby's International Realty Canada · Listing representative: BRYAN COXWORTH · Board/association: OnePoint · Updated: May 24, 2026

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