50 Mill Street W, Centre Wellington, ON N0B 1S0, Centre Wellington, ON
Bed 6
Bath 5
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.
X12472597
Type
Residential Freehold
Sub Type
Store W Apt/Office
Bedrooms
6
Bathrooms
5
Complete Property Details
Property Type
Residential Freehold
Sub Type
Store W Apt/Office
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12472597
Living Area Range
3500-5000
Total Bedrooms
6
Bedrooms Above Grade
6
Total Bathrooms
5
Total Kitchens
2
Kitchens Above Grade
2
Rooms Above Grade
15
Interior Features
Water Softener, Water Heater Owned
Fireplace
Yes
Fireplace Features
Natural Gas
Central Vacuum Yn
No
Security Features
Security System
Construction
Stone
Roof
Shingles
Lot Width
44.7
Parking Features
Street Only
Parking Total
0.0
Covered Spaces
0.0
Garage Type
None
Garage
No
Pool
None
Direction Facing
South
Cooling
Window Unit(s)
Heat Source
Electric
Heat Type
Baseboard
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
2025-10-20T20:40:32Z
Media Updated
2025-10-20T20:40:32Z
Photos Updated
2025-10-20T20:40:32Z
Last Modified
2025-10-20T20:40:32Z
System Modified
2025-10-21T23:54:12.377503Z
MLS Status
New
Architectural Style
3-Storey
Basement
Unfinished
Ddfyn
Yes
Expiration Date
2026-09-15
Foundation Details
Stone
Heat Source Multi
Electric
Heat Type Multi
Baseboard
Hstapplication
In Addition To
Occupant Type
Owner+Tenant
Originating System Id
A00001796
Parcel Number
714100091
Parking Spaces
0
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.
