343 Main Street, Prince Edward County, ON

$4,850,000
MLS#:X13237792
0 beds
17 baths
Commercial
Commercial for sale - 0 Bed, 17 Bath Home at 343 Main Street Prince Edward County ON listed at $4,850,000 (MLS# X13237792) - Main View
For Sale
Added:Jun 3, 2026(98 days ago)
Updated:Aug 18, 2026(22 days ago)
Last Checked:18 minutes ago

Property Highlights

Welcome to this remarkable investment located in the coveted neighborhood of Picton Ward. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,850,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 17 Bathrooms
  • Premium 94 x 486 ft lot size
  • equipped with yes central cooling and highly efficient gas hot water heating

Description

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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Property Summary

This investment located at 343 Main Street, Prince Edward County is currently for sale and has been available on SousaSells for 98 days. This property is listed at $4,850,000 with an estimated mortgage of $16,144* per month. It has 0 beds, 17 bathrooms, and is unknown square feet. 343 Main Street, Prince Edward County is in the Picton Ward neighborhood.

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Picton Ward, Prince Edward County.

Great for Small Household / Couples
What We Love About This Home
  • •17 well-appointed bathrooms
  • •Desirable Investment architecture in Picton Ward, Prince Edward County
Standout Features & Layout
Who Should Buy This Home?

First-time home buyers, professionals, or investors seeking value.

Target Buyer Match

Key Features

Bathrooms
17
Property Type
Commercial

Additional Details

StatusActive
Price$4,850,000
AddedJun 3, 2026 (98 days ago)
UpdatedAug 18, 2026 (22 days ago)
Last Checked18 minutes ago
Transaction TypeFor Sale
List Office NameSOTHEBY'S INTERNATIONAL REALTY CANADA

Property Details

Property Sub-TypeInvestment
Lot Size94 × 486 Feet
CountyPrince Edward County
Annual Tax$14,053.11
Legal DescriptionPT LT 227-229 PL 24 PICTON AS IN PE159960; PRINCE EDWARD

Parking & Garage

Parking Space25
Garage TypeNone

Heating & Cooling

Heat TypeGas Hot Water
CoolingYes

Features

Property Features

None listed

Interior Features

None listed

Security Features

None listed

Community Features

None listed

Property History

No historical data available for this property.

This could be the first listing for this address.

Frequently Asked Questions about 343 Main Street, Prince Edward County, ON

Q.What is the asking price for 343 Main Street, Prince Edward County, ON ?

The current listing price for 343 Main Street, Prince Edward County, ON in Picton Ward, Prince Edward County is $4,850,000.

Q.How many bedrooms and bathrooms does this property have?

This property features null bedrooms and 17 bathrooms.

Q.What property type and architectural style is 343 Main Street, Prince Edward County, ON ?

343 Main Street, Prince Edward County, ON is a Investment () featuring a basement.

Q.What heating and cooling systems are installed?

Heating is provided via standard central heat and cooling via Yes.

Location

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343 Main Street, Prince Edward County, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Picton Ward, Prince Edward County

SAFETY RATING9.4 / 10
Low Incident Area
Total Annual Incidents35 incidents / yr
Average Per Month2.9 incidents / mo
Population BenchmarkArea Average residents
Personal Safety
Very Low

8 assaults (30.0/100k)

Property Security
Very Low

8 B&E (30.0/100k)

Auto Theft Risk
Low Risk

10 thefts (35.0/100k)

1-Year Trend
â–¼ 6%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Official Police Services ArcGIS Open Data
Halton & GTHA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

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Pricing & Value Insights

Data-driven valuation for 343 Main Street E, Prince Edward County, ON K0K 2T0

Estimated Sales Range
$4,608,000 - $4,753,000

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Prince Edward County.

Configure Loan Settings

Interest Rate4.00%
Down Payment$1,455,000 (30.0%)
* Minimum Canadian down payment required for this price is $970,000.
Amortization Period30 Years
Estimated Monthly Payment$16,144Based on a loan of $3,395,000 over 30 years.
Purchase Price$4,850,000
Loan Amount$3,395,000
Provincial Land Transfer Tax:$107,725
Total Estimated Closing Taxes:$107,725

About Purchasing a Home in Prince Edward County, ON

For a property listed at $4,850,000 in Prince Edward County, the legal minimum down payment is $970,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $107,725 for this transaction. As this listing is in Prince Edward County (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $107,725.

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Picton Ward, Prince Edward County Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Picton Ward, Prince Edward County.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$994,785

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Best Schools in Picton Ward, Prince Edward County

Elementary Schools

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Secondary Schools

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Picton Ward, Prince Edward County Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.

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