343E Picton Main St - Hospitality FOR SALE


Picton, ON K0K 2T0
$4,850,000 CAD
416-476-7117
343E Picton Main St, Picton, ON for Sale
$4,850,000 CAD
Hospitality - FOR SALE
1/47
null | Request Cap Rate

343E Picton Main St
Picton, ON K0K 2T0


HIGHLIGHTS

  • MICHELIN Guide Hotel
  • World Luxury Awards "Best Art Hotel in North America" 2025
  • World Luxury Awards "Best Historical Hotel in Central & North America" 2025
  • TripAdvisor "Best of the Best" 2024
  • As Seen In Architectural Digest, Bloomberg Pursuits, ELLE Canada, House & Home, Style at Home, FASHION Magazine, HGTV, The Food Network, Toronto Life

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,850,000 CAD

PRICE/SF

$655 CAD /SF

# OF ROOMS

14

PRICE/ROOM

$346,429 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Merrill House

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1878

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

CG-9

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Trevor FontaineSotheby's International Realty CanadaMore Info
416-476-7117

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Trevor FontaineSotheby's International Realty CanadaMore Info
416-476-7117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.