Welcome to the WCHA and the forums.
In addition to asking questions here, there are three good sources of information about canoe restoration which you would do well to get, or at least look at as you decide what repairs or restoration steps might be desirable -- "The Wood and Canvas Canoe: A Complete Guide to its History, Construction, Restoration, and Maintenance" by Rollin Thurlow and Jerry Stelmok, and/or "Building the Maine Guide Canoe" by Jerry Stelmok, and "The Old Town Canoe Company" by Susan Audette and David Baker.
The first is often called the "bible" of canoe repair, restoration, and maintenance; the second is an excellent study of the wooden/canvas canoe and its construction, and the third is a great history of the company and its canoes. These are available from the WCHA store, are often on eBay, or from Amazon.
"The Wood and Canvas Canoe" is out of print and can be hard to get. It has been reported that Jerry Stelmok at Island Falls Canoe Company has copies available -- check the WCHA builders directory for contact information. Your library may have it, and if they don't they should be able to get it through inter-library loan service.
We all love pictures -- please post pictures when you get the canoe, and of course, pictures of problems can help enormously when you seek advice here -- which you should not be reluctant to do. There are lots of very knowledgeable people here who are read, willing, and able to share what they have learned.