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191-221 Pennie Avenue

191-221 Pennie Avenue

Tehkummah, ON

  • 7 bed
  • 7 bath
  • approx. 5000 + sqft
  • Detached
  • 489 days on market
$3,999,000Price reduced 33%

Welcome to "The Estate on Michael's Bay", one of the most exclusive properties on Manitoulin Island - an exceptional 116-acre waterfront estate featuring 928 ft of pristine shoreline on the crystal-clear waters of Lake Huron. The estate consists of a 9,000 sq ft log home, a 3,000 sq ft guest house, a 3,600 sq ft heated workshop, a private 2,500 ft airstrip and a private lake. Minutes from South Baymouth and just 85 minutes by plane from Toronto, this gated property offers ultimate privacy, convenience, and luxury. At the heart of the estate lies a breathtaking main residence that blends timeless log construction with concrete floors and radiant in-floor heating. A dramatic, floor-to-ceiling 4-sided wood-burning stone fireplace anchors the vaulted great room, surrounded by living, music, study, and sitting areas. The breakfast nook offers a place to relax in front of a wood-burning fireplace. The kitchen features a waterfall island, hidden pantry, wine cooler, Thor appliances, and beamed ceilings. A mud/laundry room, a guest suite with ensuite, and a 2-piece bath complete the main floor. Upstairs, a floating staircase with glass railing leads to the primary suite's sitting area, 6-piece ensuite with soaking tub, double showers, dual vanities, and private deck. The lower level offers a games room with wet bar, fitness studio, family room, walkout bedroom, full bath, and unfinished spaces to add your touch. Outside, enjoy a hot tub, limestone waterfall, screen sunroom, landscaped terraces, and al fresco dining. The guest house includes 4 beds, 2.5 baths and a garage. The workshop features 3 oversized garage doors, EV charger, and an unfinished apartment. Backing onto 500+ acres of protected conservation land with hiking trails, this rare offering combines elegance, adventure, and legacy. Whether you're seeking a refined second home, a family compound, or a nature-infused escape from city life, this extraordinary property delivers a once-in-a-lifetime opportunity.

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Listing Details

Taxes (2024)
$29,957
Originally Listed
$5,950,000
Listed
May 1, 2025

Price History

Listing history

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Property

Style
Log
Age
16-30
Construction
Log
Roof
Shingles
Foundation
Concrete
Interior
Water Heater Owned, Ventilation System, Water Purifier, Bar Fridge, Built-In Oven, Guest Accommodations, In-Law Capability, Sewage Pump
Lot Size
928.64 x 5008 Feet

Parking

Garage
Detached
Covered Spaces
1
Total Parking
11

Utilities

Water
Drilled Well
Sewer
Septic
Heat Source
Propane

Location & Legal

Cross Street
Hwys 6/542
Zoning
RU
Parcel Number
471300034
Possession
Flexible
Occupancy
Owner

Included

Inclusions
All Appliances
Exclusions
Personal Possessions, Tools, Equipment, Furnishings, Artwork
Rental Items
Propane Tanks

Waterfront

Water Body
Lake Huron
Shoreline
Rocky
Docking
None

Community

Postal area P0P

Population
20,285
Private dwellings
12,782
Median age
50.8
Average household size
2.3
Median household income
$64,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Residential Freehold in Tehkummah · last 12 months

Median sold price
$0
Homes sold
0
Median days on market
0
Sale-to-list price
0.0%

Based on 0 recorded sales of residential freehold properties in Tehkummah over the last 12 months.

Listed by

Sotheby's International Realty Canada

Walk Score

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Mortgage Calculator

$799,800

Estimated Monthly Payment

$19,646

Land transfer tax

Estimated land transfer tax$86,450

Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $19,646/mo (20% down, 5.5%)

Taxes: $2,496/mo · Insurance: $1,000/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

Online

Reita said:

Reita is an automated assistant, not a licensed real estate agent. This listing mentions The estate consists of a 9,000 sq ft log home, a 3,000 sq ft guest house, a 3,600 sq ft heated workshop, a private 2,500 ft airstrip and a private lake.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?

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