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343 Main Street

343 Main Street

Prince Edward County, ON

17 bath • 1 sqft • Investment • 85 days on market

$4,850,000

The Pinnacle of Picton - Merrill House. 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

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Listing Details

Taxes (2025)
$14,053
Listed
June 3, 2026

Price History

Listing history

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Property

Age
100+
Lot Size
94 x 486 Feet

Utilities

Sewer
Sanitary

Location & Legal

Cross Street
Picton Main St E
Zoning
R4
Parcel Number
550610048
Possession
Flexible

Commercial

Business Type
Hotel/Motel/Inn
Occupancy
Owner

Included

Inclusions
See Schedule B
Exclusions
See Schedule B

Community

Postal area K0K

Population
115,850
Private dwellings
53,153
Median age
50.8
Average household size
2.4
Median household income
$83,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Prince Edward County · last 12 months

Median sold price
$597,000
Homes sold
478
Median days on market
40
Sale-to-list price
95.0%

Based on 478 recorded sales of commercial properties in Prince Edward County over the last 12 months.

Listed by

SOTHEBY'S INTERNATIONAL REALTY CANADA

Location

Commercial figures

Annual property tax
$14,053

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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