6 Water Street,Tehkummah, ON P0P1Z0
Tehkummah, ON P0P1Z0
Description
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. (id:13843)
Details
| MLS # | X13474510 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 140 |
| Listing Provided By | CENTURY 21 GREEN REALTY INC. | ALIEH AHMAD-SALMAN |
Features
| SQ Feet | 6,300 |
|---|---|
| Zoning | Commercial Mixed Use |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air |
| Appliances | Furniture |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Irregular lot size |
|---|
Parking
| Parking Total | 20 |
|---|
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 10000 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Tehkummah |
| Postal Code | P0P1Z0 |
| Listing VS Median (in P0P1Z0) | |
Price: $2,650,000 low | high Med: $662,450 sqft: 6,300 low | high Med: 1,425 $ / sqft: $421 low | high Med: $476 On site: 140 low | high Med: 72.5 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Tehkummah |
| Postal Code | P0P1Z0 |
| Listing VS Median (in P0P1Z0) | |
Price: $2,650,000 low | high Med: $662,450 sqft: 6,300 low | high Med: 1,425 $ / sqft: $421 low | high Med: $476 On site: 140 low | high Med: 72.5 | |
