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Romona Okereke

soldbyromona@gmail.com +1(416) 342-3870

$ 3,999,000

Est. payment | -/mo

7 Baths

116 SqFt

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$ 3,999,000

Est. payment | -/mo

Save Virtual Tour

7 Baths

116 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 116 sqft

Price per Sqft $34,474

MLS Listing ID X12388969

Annual Tax Amount $29,957

Tax Year 2024

Lot Size 116.800 Acres

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Manitoulin

Area Manitoulin

Rooms

Kitchen 1

Interior

Cooling No

Exterior

Community Features Greenbelt/Conservation

Utilities Available Yes

Lot Frontage 928.64

Lot Depth 5008.0

Building

Building Age 16-30

Others

ParcelsYN No

Virtual Tour https://my.matterport.com/show/?m=AWCLPLgBG3x&brand=0

Listed by Sotheby's International Realty Canada

Nearby Locations

I help buyers, sellers, renters and investors across the GTA and Simcoe County understand their options and plan their next move. Tell me what you are looking for, and I will help you take the next step.

+1(416) 342-3870

soldbyromona@gmail.com

4711 Yonge St. 10th Floor, Toronto, ON M2N 6K8, CAN

191-221 Pennie AVE Tehkummah, ON P0P 2C0

Romona Okereke

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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191-221 Pennie AVE