50 Mill Street W, Centre Wellington, ON N0B 1S0, Centre Wellington, ON
4990.0 sqft
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.
Property Highlights
For Sale
MLS NO.
X12472565
Type
Commercial
Sub Type
Store W Apt/Office
Square Footage
4990.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Store W Apt/Office
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12472565
Security Features
No
Lot Width
44.7
Garage Type
None
Cooling
Partial
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
50 Mill Street W, Centre Wellington, ON N0B 1S0
City
Centre Wellington
Neighbourhood
Elora/Salem
County / Region
Wellington
Province / State
ON
Postal Code
N0B 1S0
Cross Street
Metcalfe/Mill
Directions
Mill St. West of Metcalfe
Country
CA
List Price
$10,000,000
Annual Taxes
$5,702
Tax Year
2025
Legal Description
PT LT 1 S/S W MILL ST PL 181 ELORA AS IN RO800725; S/T RO800725; CENTRE WELLINGTON
Possession Type
Other
Possession Details
TBD
Listing Office
ROYAL LEPAGE RCR REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2025-10-20T20:25:45Z
Media Updated
2025-10-20T20:25:45Z
Photos Updated
2025-10-20T20:25:45Z
Last Modified
2025-10-20T20:27:02Z
System Modified
2025-10-21T23:53:21.490952Z
MLS Status
New
Basement Yn
Yes
Ddfyn
Yes
Expiration Date
2026-09-15
Heat Type Multi
Other
Hstapplication
In Addition To
Occupant Type
Owner+Tenant
Originating System Id
A00001796
Parcel Number
714100091
Public Remarks
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.
