6 WATER STREET, Tehkummah, Ontario, P0P1Z0

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For sale, ID#: X13474510
6 WATER STREET
Tehkummah Ontario
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$2,650,000

Exceptional mixed-use investment opportunity 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. This well-established seasonal business is situated in a prime location on Manitoulin Island & presents exceptional growth potential for a new owner. 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:2471)

Representative
Candace McNaughton
Candace McNaughtonOffice Administration
McConkey Real Estate Corp. Brokerage
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Property Details
  • Property Address: 6 WATER STREET, Tehkummah, Ontario, P0P1Z0
  • Property Type: Business
  • Zoning Description: Commercial Mixed Use
  • Lot Size: 168.71 x 172.99 FT ; 0.665 - 28,966 sq.ft.
  • Acreage: 168.71 x 172.99 FT ; 0.665 - 28,966 sq.ft.
  • Sewage Type: Sanitary sewer
  • Water Type: Municipal water
  • Total Parking Spaces: 20
  • Maintenance Fee: 0.00
Structure Details
  • Floor Space: 6300 sqft
  • Cooling: Fully air conditioned
  • Appliances Included: Furniture
Amenities / Features
  • Irregular lot size
Neighbourhood Information

Listing Office: CENTURY 21 GREEN REALTY INC.

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6 WATER STREET, Tehkummah, Ontario, P0P1Z0

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