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$10,000,000
Ontario,Centre Wellington (Elora/Salem)
For Sale Active
50 MILL STREET W, Centre Wellington (Elora/Salem), Ontario N0B1S0
  • 6
  • 5
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Basic Details
Description

In the heart of historic Elora, where cobblestone charm meets the gentle flow of the Grand River, stands a property that captures the very essence of this beloved village. Surrounded by artisan shops, cafés, and galleries, this stunning building is more than a place of business; it is a cornerstone of opportunity in one of Ontario’s most picturesque and thriving

communities. Set along the river’s edge, the rear of the property opens to a raised deck and stone patio offering an extraordinary vantage point. Here, the sound of rushing water and views of the Grand create a setting that draws people in and keeps them lingering, an atmosphere ideal for a destination business or a peaceful retreat for those who call it home. The main level features a beautifully maintained commercial unit perfectly suited for a boutique, gallery, or café. With high visibility and steady foot traffic, it offers the ideal stage for an entrepreneur or investor looking to establish a lasting presence in downtown Elora. Above, two separately metered two-bedroom apartments provide additional versatility and income potential. These bright, inviting spaces are rich with character and offer views that celebrate the river and the surrounding heritage architecture. Owning a property that combines commercial and residential spaces opens a world of possibility. Operate your own business below while living steps away, or lease both levels for a steady multi-stream income. The configuration offers flexibility to evolve with your goals today, tomorrow, and years into the future. Few properties balance such beauty, functionality, and potential. With its riverfront setting, historic character, and prime location within Elora’s lively core, this is an opportunity to invest in a building that embodies the soul of the village itself – creative, enduring, and full of promise. (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: X12472597
  • Price: $10,000,000
  • Bedrooms: 6
  • Bathrooms: 5
  • Half Bathrooms: 1
  • View: Direct Water View
  • Status: Active
  • Office Name: ROYAL LEPAGE RCR REALTY
  • Property Sub Type: Retail
  • Office Key: 279258
Features & Appliances
Features
  • Heating System: Electric, Baseboard heaters
  • Cooling System: Window air conditioner
  • Basement: Unfinished, N/A
  • Parking: No Garage, Street
  • Exterior Features: Stone
  • Waterfront Features: Waterfront
  • Fireplaces Total: 3
Address Map
  • Location: CA, Ontario, Centre Wellington (Elora/Salem), N0B1S0
  • Street: Mill
  • Street Number: 50
  • Street Suffix: Street
  • Longitude: W81° 34' 9.4''
  • Latitude: N43° 40' 50.6''
  • Street Dir Suffix: West
Additional Information
  • Water Body Name: Grand River
  • Water Source:
  • Foundation Details:
  • Lot Size Dimensions: 44.7 x 70.54 FT
  • Stories: 3.0
Financial
  • Tax Annual Amount: 5701.55
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Listing updated: 2026-01-17 22:21:46
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Listing Information
  • List Agent Key: 1433479
  • List Office Key: 279258
  • Modification Timestamp: 2025-10-20T22:05:16Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2025-10-20T21:59:33Z
Powered by REALTOR.ca
Listing updated: 2026-01-17 22:21:46
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