For SaleMultiplex

343 Main Street E

$4,850,000
14 Bed18 Bath5,000 sqft$970/sq ft76d on market
MLS# X13237832Picton Ward, Prince Edward County · K0K 2T0
Bedrooms
14 Bed
Bathrooms
18 Bath
Size
5,000 sq ft
Parking
25 None

About This Listing

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.

Monthly Mortgage (P&I)$21,131
Property Tax (MLS)$1,171
Maintenance Fees$0
Total Monthly Cost$22,302

Down payment: $970,000 (20.0%) · Mortgage: $3,880,000

Property tax uses MLS annual tax of $14,053/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.

Property Details

MLS NumberX13237832
Property TypeMultiplex
Style3-Storey
Listing TypeFor Sale
StatusActive
Bedrooms14 Bed
Bathrooms18
Size5,000 sq ft
Parking Spaces25
Parking TypeNone
Property Tax$14,053.11/yr
Days on Market76
Listed2026-06-04
CommunityPicton Ward
MunicipalityPrince Edward County
Cross StreetPicton Main Street E

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Data last updated: August 23, 2026 at 12:25 p.m.