Little Current, Ontario, P0P1K0
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? (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 373 days on market, against an average age of 134 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $1,449,000, about 22.6× the local median household income of $64,000.
Carrying it typically needs a household income of about $283,040 (20% down, 25-yr amortization, stress-tested) — roughly 342% above the area median.
Source: Statistics Canada, 2021 Census (FSA P0P)
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