13 Mill Street E, Centre Wellington, ON N0B 1S0, Centre Wellington, ON
Bath 4
4510.0 sqft
An incredibly rare chance to own a landmark stone building on the river in the heart of highly sought-after show piece downtown of Elora Ontario. Year round income with a proven cap rate with even more room to grow the bottom line. This exceptional property features two residential income units, a successful, established restaurant, and an additional storefront commercial unit, making it a truly diversified and tremendous portfolio opportunity. Meticulously updated and renovated to the highest standards, the building showcases timeless stone craftsmanship while boasting modern systems, finishes, and functionality throughout. The restaurant includes a full-service patio backing right on to the Grand River, delivering an unmatched dining experience and strong draw for locals and visitors alike. Positioned in a high-traffic location, surrounded by boutiques, tourism, and year-round foot traffic, this property benefits from Elora's vibrant downtown energy and enduring demand. Whether you're an investor seeking stable income, a business owner looking for a signature location, or a portfolio builder targeting premier assets, this is a once-in-a-generation opportunity in one of Ontario's most desirable small towns. Come see why Elora is the answer.
Property Highlights
For Sale
MLS NO.
X12988202
Type
Commercial
Sub Type
Commercial Retail
Bathrooms
4
Square Footage
4510.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12988202
Total Bathrooms
4
Security Features
Partial
Lot Width
34.0
Lot Size
4658.0
Lot Size Units
SquareFeet
Garage Type
None
Cooling
Yes
Heat Type
Gas Forced Air Open
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
13 Mill Street E, Centre Wellington, ON N0B 1S0
City
Centre Wellington
Neighbourhood
Elora/Salem
County / Region
Wellington
Province / State
ON
Postal Code
N0B 1S0
Cross Street
Metcalfe
Directions
Metcalfe St turn left on Mill St property on the rightCross the bridge on Metcalfe St and turn right on Mill St. Property is on the right.
Country
CA
List Price
$2,299,000
Annual Taxes
$8,048
Tax Year
2026
Legal Description
PT LT 12 S/S PEEL ST PL 181 ELORA PT 1 & 2, 61R5474; S/T & T/W ROS643509; CENTRE WELLINGTON
Possession Type
Flexible
Possession Details
Flexible
Listing Office
RE/MAX Real Estate Centre Inc
Board
One Point Association of REALTORS
Original Entry
2026-04-12T15:23:48Z
Media Updated
2026-05-21T01:27:39Z
Photos Updated
2026-04-12T15:23:48Z
Last Modified
2026-05-21T01:27:39Z
System Modified
2026-05-21T01:27:39.624001Z
MLS Status
New
Basement Yn
Yes
Ddfyn
Yes
Expiration Date
2026-08-31
Heat Type Multi
Gas Forced Air Open
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
714110033
Public Remarks
An incredibly rare chance to own a landmark stone building on the river in the heart of highly sought-after show piece downtown of Elora Ontario. Year round income with a proven cap rate with even more room to grow the bottom line. This exceptional property features two residential income units, a successful, established restaurant, and an additional storefront commercial unit, making it a truly diversified and tremendous portfolio opportunity. Meticulously updated and renovated to the highest standards, the building showcases timeless stone craftsmanship while boasting modern systems, finishes, and functionality throughout. The restaurant includes a full-service patio backing right on to the Grand River, delivering an unmatched dining experience and strong draw for locals and visitors alike. Positioned in a high-traffic location, surrounded by boutiques, tourism, and year-round foot traffic, this property benefits from Elora's vibrant downtown energy and enduring demand. Whether you're an investor seeking stable income, a business owner looking for a signature location, or a portfolio builder targeting premier assets, this is a once-in-a-generation opportunity in one of Ontario's most desirable small towns. Come see why Elora is the answer.
