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For saleListed 355 days agoMLS® X12472597

50 Mill Street W, Centre Wellington, ON

Elora/Salem, Centre Wellington · Grand River · View map

$7,999,000
6Beds
5Baths
3500-5000Sq ft
Grand RiverWaterbody
1 ftFrontage
3-StoreyStyle
Municipal RoadAccess
$5,702/yrTaxes
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$7,999,000
Direct waterfrontOn Grand River
1 ft of frontageMeasured along the water

About this property

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.

The property

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Bedrooms
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Basement
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Waterfront

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Heating & systems

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Lot & taxes

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Listing

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Listed
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Estimated monthly cost—Mortgage, property tax and insurance
  • Mortgage
  • Property tax
  • Insurance

Cash needed to close

  • Down payment
  • Ontario land transfer tax
  • Legal fees and title insurance (est.)
  • Inspections: building, septic, water (est.)
  • Total to close

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50 Mill Street W, Centre Wellington, ON

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Listing courtesy of ROYAL LEPAGE RCR REALTY. Listing data © PropTx MLS®. Information deemed reliable but not guaranteed.

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