191-221 Pennie Avenue
Tehkummah, ON
3 bed • 7 bath • 116 sqft • Investment • 351 days on market
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.
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Listing Details
- Taxes (2024)
- $29,957
- Originally Listed
- $4,950,000
- Listed
- September 8, 2025
Price History
Listing history
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Property
- Age
- 16-30
- Lot Size
- 928.64 x 5008 Feet
Utilities
- Water
- Drilled Well
- Sewer
- Septic
Location & Legal
- Cross Street
- Hwys 6/542
- Zoning
- RU
- Parcel Number
- 471300034
- Possession
- Flexible
Commercial
- Business Type
- Other
- Occupancy
- Owner
Included
- Inclusions
- All Appliances
- Exclusions
- Personal Possessions, Tools, Equipment, Furnishings, Artwork
- Rental Items
- Propane Tanks
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
Commercial 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 commercial properties in Tehkummah over the last 12 months.
Listed by
Sotheby's International Realty Canada
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Commercial figures
- Annual property tax
- $29,957
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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