Price ChangeFor Sale

191-221 Pennie Avenue
Tehkummah, Manitoulin, ON, P0P 2C0

Investment
TRREB
MLS® Number: X12388969
$3,999,000List Price
InvestmentProperty Type
116.8 acresSize
$29,957 / 2024Taxes (Annual)
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$3,999,000
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Listing History

Buy/sell history for 191-221 Pennie Avenue, Tehkummah, ON P0P 2C0

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Description

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.

Features

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Amenities

No amenities available

Summary

Tax (Annual):$29,957 / 2024
Listing #:X12388969
Property Type:Investment
Building Age:16-30
Size:116.8 acres
Land Size:928.64 x 5008
Days on CPRB:
Garage:Double Detached
Locker:None
On CPRB Since:
Listing Brokerage:Sotheby's International Realty Canada

Rooms

Details

Property

Property Type:Investment
Municipality:Manitoulin

Building

Size:116.8 acres
Building Age:16-30

Inside

Bedrooms:3
Bathrooms:7
Kitchens:1
Family Room:No

Parking

Garage Type:Double Detached
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:No
Heating Type:Radiant
Utility Sewer:Septic

Land

Cross Street:Hwys 6/542

$3,999,000

List price

191-221 Pennie Avenue, Tehkummah – 3 bed Investment for sale · MLS® # X12388969