Salehian.com 647-325-5000

191-221 Pennie Avenue

Tehkummah, P0P 2C0

$3,999,000

Reduced $951,000 from $4,950,000

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  • 3 bedrooms
  • 7 bathrooms

Listed 407 days ago · MLS® X12388969

About this home

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.

Details

Type
Investment
Age
16-30 years
Lot
928.64 × 5008 ft
Garage
Double Detached
Kitchens
1
Property tax
$29,957 (2024)
Municipality
Tehkummah

Interior

Bathrooms
7 × bathroom

Heating, cooling and services

Heating
Radiant
Water and sewer
Septic
Utilities
Yes

Building and exterior

Age
16-30 years
Building area
117 Acres

More

Possession
Flexible
Cross street
Hwys 6/542

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Listed by Sotheby's International Realty Canada.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.