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Pemberton Holmes Ltd.

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343 Main Street E
homes for sale · Prince Edward County · Picton Ward
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$4,850,000

343 Main Street E

Picton Ward, Prince Edward County · MLS® X13237832

141825

House · Multi-family · 143 days on market

listed by ANDREA BERTUCCI, SOTHEBY'S INTERNATIONAL REALTY CANADA

realtor's description

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.

similar homes nearby

property details

type
House, Multi-family
bedrooms
14
bathrooms
18
parking
25
property tax
$14,053 / yr
days on market
143
MLS®
X13237832

features

  • Flat site
  • Conservation/green belt
  • Sauna
  • Water meter
  • Water Heater

monthly cost

$22,302/mo
Mortgage $21,131 · Tax $1,171

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$21,131/ monthly
loan $3,880,000
25-year amortization
total interest
$2,459,295
cash to close
$970,000
down payment; transfer tax and fees not included
total paid
$6,339,295

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

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listed by
ANDREA BERTUCCI
SOTHEBY'S INTERNATIONAL REALTY CANADA
call ANDREA · 416-960-9995
Powered by: REALTOR.ca
▶ virtual tour

location

Picton Ward, Prince Edward CountyGoogle Maps ↗

location

Picton Ward, Prince Edward CountyGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

nothing comparable on the market right now.