191-221 Pennie Avenue, Tehkummah, ON P0P 2C0, Tehkummah, ON
Bed 3
Bath 7
116.8 sqft
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.
Property Highlights
For Sale
MLS NO.
X12388969
Type
Commercial
Sub Type
Investment
Bedrooms
3
Bathrooms
7
Square Footage
116.8 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12388969
Total Bedrooms
3
Total Bathrooms
7
Total Kitchens
1
Lot Width
928.64
Lot Size
116.8
Lot Size Units
Acres
Garage Type
Double Detached
Cooling
No
Heat Type
Radiant
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
191-221 Pennie Avenue, Tehkummah, ON P0P 2C0
City
Tehkummah
County / Region
Manitoulin
Province / State
ON
Postal Code
P0P 2C0
Cross Street
Hwys 6/542
Directions
From South Baymouth take Hwy 6 north to Side Rd 10 to 6 Concession Rd to right turn onto Side Road 15 to left onto Government Rd to Michaels Bay Rd and continue onto Pennie Ave. to 191.
Country
CA
List Price
$3,999,000
Annual Taxes
$29,957
Tax Year
2024
Legal Description
PCL 2386 SEC MANITOULIN; LT 30 CON 8 TEHKUMMAH EXCEPT PT 1 TO 5 31R2810, PT 1 31R3065 S/T PT 2 31R3065 AS IN LT8927 TOWNSHIP OF TEHKUMMAH
Possession Type
Flexible
Listing Office
Sotheby's International Realty Canada
Board
One Point Association of REALTORS
Original Entry
2025-09-08T17:15:48Z
Media Updated
2025-09-11T20:38:33Z
Photos Updated
2025-09-11T20:38:33Z
Last Modified
2026-03-16T13:45:57Z
System Modified
2026-03-16T13:45:57.110615Z
MLS Status
Price Change
Basement Yn
Yes
Ddfyn
Yes
Expiration Date
2027-05-01
Heat Type Multi
Radiant
Hstapplication
Included In
Occupant Type
Owner
Originating System Id
A00001796
Parcel Number
471300034
Parking Spaces
10
Public Remarks
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.
