50 Mill Street W Centre Wellington (Elora/salem), Ontario N0B 1S0
$10,000,000
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:41954)
Property Details
| MLS® Number | X12472597 |
| Property Type | Retail |
| Community Name | Elora/Salem |
| Easement | Flood Plain, None |
| View Type | Direct Water View |
| Water Front Name | Grand River |
| Water Front Type | Waterfront |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Amenities | Fireplace(s) |
| Appliances | Water Softener, Water Heater, Alarm System, Dishwasher, Dryer, Microwave, Washer |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Stone |
| Fire Protection | Security System |
| Fireplace Present | Yes |
| Fireplace Total | 3 |
| Foundation Type | Stone |
| Half Bath Total | 1 |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Parking
| No Garage | |
| Street |
Land
| Access Type | Public Road |
| Acreage | No |
| Size Depth | 70 Ft ,6 In |
| Size Frontage | 44 Ft ,8 In |
| Size Irregular | 44.7 X 70.54 Ft |
| Size Total Text | 44.7 X 70.54 Ft |
https://www.realtor.ca/real-estate/29011626/50-mill-street-w-centre-wellington-elorasalem-elorasalem
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October 20 2025 09:59:33
Toronto Real Estate Board
Royal LePage Rcr Realty