$4,950,000
Available - For Sale
Listing ID: X12388969
191-221 Pennie Avenue , Tehkummah, P0P 2C0, Manitoulin
| 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. |
| Price | $4,950,000 |
| Taxes: | $29957.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Owner |
| Address: | 191-221 Pennie Avenue , Tehkummah, P0P 2C0, Manitoulin |
| Postal Code: | P0P 2C0 |
| Province/State: | Manitoulin |
| Legal Description: | PCL 2386 SEC MANITOULIN; LT 30 CON 8 TEH |
| Directions/Cross Streets: | Hwys 6/542 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
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| Washroom Type 37 | 0 | |
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| Washroom Type 39 | 0 | |
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| Washroom Type 53 | 0 | |
| Washroom Type 54 | 0 | |
| Washroom Type 55 | 0 | |
| Washroom Type 56 | 0 | |
| Washroom Type 57 | 0 | |
| Washroom Type 58 | 0 | |
| Washroom Type 59 | 0 | |
| Washroom Type 60 | 0 | |
| Washroom Type 61 | 0 | |
| Washroom Type 62 | 0 | |
| Washroom Type 63 | 0 | |
| Washroom Type 64 | 0 | |
| Washroom Type 65 | 0 |
| Category: | Recreational |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 116.80 |
| Total Area Code: | Acres |
| Area Influences: | Greenbelt/Conse |
| Approximatly Age: | 16-30 |
| Financial Statement: | F |
| Washrooms: | 7 |
| Heat Type: | Radiant |
| Central Air Conditioning: | No |
| Sewers: | Septic |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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At a Glance:
| Type: | Com - Investment |
| Area: | Manitoulin |
| Municipality: | Tehkummah |
| Neighbourhood: | Dufferin Grove |
| Approximate Age: | 16-30 |
| Tax: | $29,957 |
| Baths: | 7 |
| Fireplace: | N |
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