Listed for:Listed Jun 3, 2026
$4,850,000

343 Main Street E

Prince Edward County (Picton Ward), ON K0K 2T0

Multiplex For Sale
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Sale & Price History for 343 Main Street E, Prince Edward County, Picton Ward

No listing history available

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About 343 Main Street E, Prince Edward County, Picton Ward

Summarized Description

  • Historic Victorian Gothic estate built in 1878
  • Turnkey boutique hotel and restaurant operation
  • 14 guest suites with private ensuites
  • State-of-the-art wine cellar with climate control
  • Renovated with over $3M in improvements
  • Landscaped grounds with mature trees
  • Proximity to Picton Marina and downtown
  • Zoning permits hotel/inn with up to 15 rooms

A landmark Victorian Gothic estate in the heart of Prince Edward County wine country, originally built in 1878 for Judge Edwards Merrill and heritage-designated. Over $3M in renovations have transformed this three-storey brick masterpiece into a Michelin Guide-recognized boutique hotel and destination restaurant - a rare turnkey hospitality enterprise. The property offers 14 beautifully appointed guest suites, each with a private 3-piece ensuite, set among custom-painted murals, antique and original wallpaper, exposed brick, marble wood-burning fireplaces, vaulted 14-16 ft ceilings, and refinished hardwood floors. Six private balconies overlook the grounds. Culinary spaces include a glass conservatory dining room and bar, a fully equipped commercial kitchen with walk-in fridge and freezer, a state-of-the-art wine cellar, plus Bar Atlas and Brasserie Alexandria. The state-of-the-art wine cellar has four climate-controlled temperature zones for wine storage and a three-season patio dining area. Recent capital improvements include a new asphalt-shingle roof, stabilized chimneys, a modern Daikin heat-pump HVAC system, Viessmann gas boilers, in-floor heating, and 400-amp service. Set on 1.07 landscaped acres with mature 150-year-old trees, the grounds feature interlocking-brick walkways, a covered event tent, stone fire pit, barrel sauna, and on-site parking for approximately 25 vehicles. Site-specific zoning permits a hotel/inn of up to 15 rooms, a meeting room, catering kitchen, and restaurant. One block from the Picton Marina and downtown, Merrill House represents an extraordinary opportunity to own a piece of Picton's history alongside a thriving, supply-constrained hospitality business.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$14,053
Land Transfer Tax Fee
$107,725

Basement Type
Full

Interior Features

Interior Extras
Bar Fridge, Brick & Beam, Sauna, Primary Bedroom - Main Floor, Storage, Storage Area Lockers, Water Heater Owned, Ventilation System, Separate Heating Controls
View
Downtown
Security Features
Alarm System, Concierge/Security, Heat Detector, Smoke Detector, Carbon Monoxide Detectors
Fireplace/Stove
Yes
Fireplace Features
Living Room, Wood
Elevator
No

Exterior Features

Pool
None
Property Features
Arts Centre, Electric Car Charger, Hospital, Greenbelt/Conservation, Marina, School

Building

Building Type
Multiplex
Building Style
3-Storey

Construction

Exterior Finish
Brick
Roof
Asphalt Shingle
Foundation Details
Stone
Special Designation
Heritage

Lot

Lot Front
94.00 ft
Lot Depth
486.00 ft
Lot Size
1.07
Lot Shape
Rectangular

Inclusions

Inclusions
See Schedule D

Exclusions

Exclusions
See Schedule D

Parking & Garages

Garage Type
None
Parking Spaces
0
Total Garage And Parking Spaces
25

Heating & Cooling

Heat Source
Electric
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Yes
Telephone
Yes

Bedrooms
14
Washrooms
18
Kitchens
1
Family / bonus room
Yes

Room sizes

  • Kitchen—
    Basement level
  • Living Room—
    Main level, Fireplace, Large Window
  • Dining Room—
    Main level, Large Window, Hardwood Floor
  • Bedroom—
    Main level, 3 Pc Ensuite, Hardwood Floor
  • Bedroom—
    Main level, 3 Pc Ensuite, Hardwood Floor
  • Office—
    Main level, 3 Pc Ensuite, Hardwood Floor
  • Bedroom—
    Second level, 3 Pc Ensuite, Fireplace, Hardwood Floor
  • Bedroom 3—
    Second level, 3 Pc Ensuite, Hardwood Floor, Large Window
  • Bedroom—
    Second level, 3 Pc Ensuite, Hardwood Floor, Large Window
  • Bedroom—
    Second level, 3 Pc Ensuite, Hardwood Floor, Large Window
  • Bedroom—
    Third level, 4 Pc Ensuite, Hardwood Floor, Large Window
  • Bedroom—
    Third level, 3 Pc Ensuite, Hardwood Floor, Large Window
  • Family Room—
    Third level, Hardwood Floor, Large Window
  • Bedroom—
    Third level, Hardwood Floor, Large Window, 3 Pc Ensuite
  • Bedroom—
    Upper level, Large Window, 3 Pc Ensuite, Hardwood Floor
  • Den—
    Upper level, Window, Hardwood Floor
  • Library—
    Upper level

Washrooms

  • 3-piece, Second
  • 2-piece, Main
  • 4-piece, Third

Municipality
Prince Edward County
Neighbourhood
Picton Ward
Main cross streets
Picton Main Street E
Zoning
R4
Directions
Follow GPS

MLS® number
X13237832
Data source
Toronto Regional Real Estate Board
Listed on
2026-06-03
Updated on
2026-08-18
Days on market
138 days
Possession type
Flexible
Co-op commission
2.5%
Seller
Listed by
SOTHEBY'S INTERNATIONAL REALTY CANADA

Home Market Value

Current home valuation for 343 Main Street E, Prince Edward County, Picton Ward, Prince Edward County, ON. Listed for $4,850,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 343 Main Street E, Prince Edward County, Picton Ward

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

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Prince Edward County, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$970,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$0$0$0$0
=Total mortgage
$3,880,000$3,637,500$3,395,000$3,152,500
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$18,944monthly$17,760monthly$16,576monthly$15,392monthly
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Land Transfer Tax

Provincial

$107,725

Total Land Transfer Tax

$107,725

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