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:4069)
Address
6 WATER STREET
List Price
$2,650,000
Property Type
Business
Transaction Type
Sale
Area
Ontario
Sub-Area
Tehkummah
Floor Area
6,300 Sq. Ft.
Lot Size
168.71 x 172.99 FT ; 0.665 - 28,966 sq.ft. Sq. Ft.
Lot Depth
172 ft ,11 in
Frontage Length
168 ft ,8 in
MLS® Number
X13474510
Listing Brokerage
CENTURY 21 GREEN REALTY INC.
Postal Code
P0P1Z0
Zoning
Commercial Mixed Use
Parking Places (Total)
20
Features
Irregular lot size
Appliances
Furniture
Heat Type
Forced air
Cooling Features
Fully air conditioned
Water Source
Municipal water
Sewer
Sanitary sewer
