$2,650,000
Available - For Sale
Listing ID: X13474510
6 Water Street , Tehkummah, P0P 1Z0, Manitoulin
| 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. |
| Price | $2,650,000 |
| Taxes: | $10000.00 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 6 Water Street , Tehkummah, P0P 1Z0, Manitoulin |
| Postal Code: | P0P 1Z0 |
| Province/State: | Manitoulin |
| Legal Description: | PT LT A, B PL SOUTH BAYMOUTH AS IN RM451 |
| Directions/Cross Streets: | Water Street & Highway 6 Ferry Terminal |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | With Property |
| Use: | Restaurant |
| Building Percentage: | T |
| Total Area: | 6300.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1283 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Business/Building Name: | Pierside Restaurant & Manitoulin Trad |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 8:00 AM |
| Employees #: | 24 |
| Seats: | 240 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | No |
| Washrooms: | 0 |
| Rail: | A |
| Soil Test: | No |
| Clear Height Feet: | 10 |
| Heat Type: | Electric Forced Air |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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| CENTURY 21 GREEN REALTY INC. |
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|
Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Manitoulin |
| Municipality: | Tehkummah |
| Neighbourhood: | Dufferin Grove |
| Tax: | $10,000 |
| Fireplace: | N |
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