6 Water Street
Tehkummah, P0P 1Z0
$2,650,000
Listed 120 days ago · MLS® X13474510
About this home
Exceptional mixed-use investment opportunity with property in the gateway community of South Baymouth, Manitoulin Island. This unique offering includes the well-established Pierside Restaurant, Manitoulin Trading Post retail operation & a residential apartment, all situated on approximately 0.665 acres with excellent visibility & exposure to Chi-Cheemaun ferry traffic. The Chi-Cheemaun ferry serves as one of Northern Ontario's most important tourism corridors, carrying approx 186,866 passengers and 68,087 vehicles in 2024 alone. Positioned near the ferry terminal, the property benefits from significant seasonal tourist traffic & strong visibility to visitors entering & leaving Manitoulin Island. The property offers multiple income streams through restaurant, retail, & residential uses. Buyers may explore opportunities to expand operating hours, extend the business season, enhance food and beverage services, increase event & catering activities, strengthen online retail sales, improve marketing initiatives, or further develop the residential component, subject to all required approvals and due diligence. The existing mixed-use configuration may present future development, accommodation, staff housing, hospitality, tourism, or expansion opportunities, subject to municipal approvals, zoning compliance, permits, and buyer verification. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement and Seller authorization. The property features a restaurant, retail space & residential accommodation, with seating for 212 guests approx. & 40 parking spaces. The current owner purchased the business due to its excellent location & outstanding opportunity- is now retiring. Future growth opportunities include extending the operating season, transitioning to year-round operation, expanding catering.
Details
- Type
- Sale Of Business
- Lot
- 168.71 × 172.99 ft
- Garage
- Outside/Surface
- Property tax
- $10,000 (2026)
- Municipality
- Tehkummah
Heating, cooling and services
- Heating
- Electric Forced Air
- Air conditioning
- Yes
- Water and sewer
- Sanitary
- Utilities
- Available
Building and exterior
- Building area
- 6,300 Square Feet
More
- Possession
- TBA
- Cross street
- Water Street & Highway 6 Ferry Terminal
- Business type
- Restaurant
Location
Location is approximate. See nearby homes on the map
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The neighbourhood
Getting around Car-dependent
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: no grocery stores, 2 cafés and restaurants, 0 parks.
Who lives here postal area P0P
- Owners / renters
- 82% / 18%
- Median household income
- $64,000
- Average age
- 46
- Children under 15
- 16%
- Homes
- 88% detached
- Commute by transit
- 0%
- Population
- 20,285
Languages spoken most at home besides English: Ojibway 2.2%, German 0.5%, Anishinaabemowin (Chippewa) 0.2%, Dutch 0.2%.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census.
Living here
Commute
Noise Nothing major nearby
No highway within 500 m, rail line within 300 m, or airport flight path nearby.
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by CENTURY 21 GREEN REALTY INC..
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.