1 Water Street
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Hospitality For Sale

$1,449,000

1 Water Street

MLS® Number: 2125060

About This Property

The Anchor Inn stands as a remarkable 136-year-old landmark business in the heart of Little Current on Manitoulin Island. Strategically positioned across from the bustling town docks in the downtown core, this iconic establishment has become a cornerstone of both the local community and the island's tourism industry. This thriving business currently features a vibrant and spacious dining room/restaurant, a popular bar that draws both locals and visitors, professional catering services, and 17 well-maintained rental units. The Anchor Inn boasts impressive financial performance with strong cash flow, making it an exceptional investment opportunity. It currently is open 5 days a week providing the potential to expand sales. Under both current and previous ownership, the property has received consistent upgrades and maintenance, preserving its historic charm while ensuring modern functionality. As a mainstay of Manitoulin Island's hospitality scene for over a century, The Anchor Inn represents a rare chance to acquire an established business with a rich heritage and proven success. Could this historic waterfront property be the golden business opportunity you've been searching for?

Property Details

Interior Details

Flooring

Hardwood, Laminate, Carpeted

Heating

Boiler

Building & Exterior

Exterior Features

Brick, Stucco, Metal

Foundation Details

Poured Concrete

Parking Features

Rear

Listing & Financials

Listing Office

J. A. ROLSTON LTD. REAL ESTATE BROKERAGE

Originating System Name

Sudbury Real Estate Board

Other Specifications

Common Interest

Freehold

Country

Canada

Security Features

Alarm system, Controlled entry, Fire alarm system

Mortgage Calculator

20% ($289,800)
5.5%
25 Years

Estimated Monthly Payment

$7,119

Principal and interest only. Actual rates may vary.

Location & Map

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