191-221 Pennie Avenue Tehkummah, Ontario P0P 2C0

$4,950,000

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. (id:42776)

Property Details

MLS® Number	X12388969
Property Type	Business
Equipment Type	Propane Tank
Farm Type	Other
Features	Conservation/green Belt
Parking Space Total	10
Rental Equipment Type	Propane Tank

Building

Bathroom Total	7
Bedrooms Total	3
Age	16 To 30 Years
Appliances	All
Heating Type	Radiant Heat
Size Interior	117 Acres
Utility Water	Drilled Well

Land

Acreage	Yes
Sewer	Septic System
Size Depth	5008 Ft
Size Frontage	928 Ft ,7 In
Size Irregular	116.8
Size Total	116.8 Ac
Size Total Text	116.8 Ac
Zoning Description	Ru

https://www.realtor.ca/real-estate/28830449/191-221-pennie-avenue-tehkummah