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$ 10,000,000
Est. payment /mo
New
50 Mill ST W Centre Wellington, ON N0B 1S0
4,990 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,990 sqft
Price per Sqft $2,004
Subdivision Elora/Salem
MLS Listing ID X12472565
Annual Tax Amount $5,701
Tax Year 2025
Property Sub-Type Store W Apt/Office
Lot Depth 70.54
Lot Front 44.7
Property Description
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.
Location
Province ON
County Wellington
Community Elora/Salem
Area Wellington
Interior
Cooling Partial
Exterior
Community Features Greenbelt/Conservation
Utilities Available Available
Lot Frontage 44.7
Lot Depth 70.54
Others
Security Features No
ParcelsYN No
Virtual Tour https://youtu.be/q1lRY5yq2z8
Listed by ROYAL LEPAGE RCR REALTY
