MultiplexListed yesterday

343 Main St E, Prince Edward County

Name: 343 Main Street E
SKU: X14180154
Price: 4250000 CAD
Availability: InStock

Prince Edward County, ON · · MLS® X14180154Updated November 14, 2026

$4,250,000Est. $20,879/mo mortgage

Bedrooms: 14
Bathrooms: 15
Living space: 5000 +sq ft
Parking spaces: 25

Type Multiplex
Basement Full

What you should know

343 Main St E is a 14-bedroom, 15-bathroom multiplex in Prince Edward County, listed for $4,250,000. It has 5000 + sq ft of living space.

Event spaces blend indoor and outdoor settings, from the glass conservatory dining room and bar and a four-zone climate-controlled wine cellar to a three-season patio, covered event tent and stone fire pit.
A fully equipped commercial kitchen with walk-in fridge and freezer supports every occasion.
Set on 1.07 landscaped acres with mature 150-year-old trees, the grounds feature interlocking-brick walkways, a barrel sauna and on-site parking for approximately 25 vehicles.

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14 Bed, 15 Bath Multiplex in Prince Edward County

About 343 Main Street East

Awarded a One MICHELIN Key in 2026, Merrill House is a landmark Victorian Gothic estate in the heart of Prince Edward County wine country, built in 1878 for Judge Edwards Merrill and heritage-designated. More than $3M in renovations have transformed this three-storey brick masterpiece into a rare turnkey boutique hospitality business, focused on overnight stays, fine dining and private events in its glass conservatory and state-of-the-art wine cellar. 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 to 16 ft ceilings and refinished hardwood floors. Six private balconies overlook the grounds. Event spaces blend indoor and outdoor settings, from the glass conservatory dining room and bar and a four-zone climate-controlled wine cellar to a three-season patio, covered event tent and stone fire pit. A fully equipped commercial kitchen with walk-in fridge and freezer supports every occasion. 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 barrel sauna and on-site parking for approximately 25 vehicles. Site-specific zoning permits a hotel or inn of up to 15 rooms, a meeting room, a catering kitchen and a restaurant. One block from the Picton Marina and downtown, this is an extraordinary opportunity to own a piece of Picton's history alongside a supply-constrained hospitality business. A cornerstone for an investment portfolio, or the next chapter for an entrepreneur seeking a live-work lifestyle upgrade in Prince Edward County.

14 bedrooms, 15 bathrooms, about 5,000 sq ft, works out to roughly $850 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.

Inside 343 Main St E

Every detail from the listing, in one place.

Type: Multiplex
Style: 3-Storey
Living space: 5000 + sq ftas stated on the listing
Parking: 25 spaces
Basement: Full

Features & systems

Parking & garage

Parking spaces: 25

Interior

Basement: Full

Lot & land

Lot size (sqft): 1.07

Listing & possession

Property style: 3-Storey
Property class: Multiplex

343 Main St E Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Nov 13, 2026For saleListedThis listingMLS® X14180154$4,250,000

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 343 Main St E Compares to the Prince Edward County Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 310 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Prince Edward County market, last 90 days

Median sold price: $615,000
Average sold price: $712,352
Average days on market: 68
Homes sold: 193

Closed sales on the TRREB MLS®.

Full Prince Edward County market report

Living in Prince Edward County: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Costs, Mortgage & Rental Return for 343 Main St E

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $20,879; 20% down · 25 years · 5.5% assumed
Property tax: $2,338; 0.66% mill rate · ON
Total per month: $23,217; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$20,879

/mo

based on the purchase price of $4,250,000

Down payment20%

$850,000 cash

Amortization25 yr

$3,400,000 financed

Rate5.50%

$2,863,692 total interest

Principal54%$3,400,000

Interest46%$2,863,692

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Listing brokerage: SOTHEBY'S INTERNATIONAL REALTY CANADA, BrokerageMLS® X14180154 · Listing data last updated November 14, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Nov 12· $850/sq ft

Estimated monthly mortgage$20,879/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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