header

$2,650,000
Available - For Sale
Listing ID: X13474510
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: $10,000
Tax Type: Annual
Occupancy by: 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
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Category: With Property
Use: Restaurant
Building Percentage: T
Total Area: 6,300
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
Maintenance: 0
Expenses Actual/Estimated: $Act
Sprinklers: No
Rail: A
Soil Test: No
Clear Height Feet: 10
Heat Type: Electric Forced Air
Central Air Conditioning: Yes
Sewers: Sanitary
First Name: *
Last Name: *
Phone: *
Email: *
Showing Date:
Showing Time:
I Am Thinking of Moving
 
First Name: *
Last Name: *
Phone: *
Email: *

Message:


From:

Name:
Email:

To:

Name:
Email:

Comment:

 

Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
CENTURY 21 GREEN REALTY INC.

6 Water Street , Tehkummah, P0P 1Z0, Manitoulin

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Com - Sale Of Business
Area: Manitoulin
Municipality: Tehkummah
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 172.99(Feet)
Approximate Age:
Tax: $10,000
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
Price:
Down Payment: %
Rate: %
Amortization:  Years
Frequency
Calculate
Down Payment:
Mortgage Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Listing added to compare list, click here  to view comparison chart.
Change Language


 

 


 

Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908