$10,000,000
FOR SALE

Commercial/Retail

Lot: 44.67 x 70.5 ft

50 Mill Street W
Centre Wellington (Elora/Salem), ON N0B 1S0

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:47421)
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Listed By ROYAL LEPAGE RCR REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12472565
Last Updated Feb 24, 2026
Property Summary
Property Type Commercial/Retail

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Community Elora/Salem
Price History

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Detailed Information
Lot 44.67 x 70.5 ft
Features Conservation/green belt
Listing Contract Date 2025-10-20
Location Description Cross Streets: Metcalfe/Mill. ** Directions: Mill St. West of Metcalfe.
Property Type Retail
Transaction Type For sale
Zoning Description C1
Building
Appliances Alarm System, Dishwasher, Dryer, Microwave, Water Heater, Washer, Water softener
Cooling Type Partially air conditioned
Heating Type Other
Type Residential Commercial Mix
Utility Water Municipal water
Land
Total Size 44.7 x 70.54 FT
Size of Irregular Land 44.7 x 70.54 FT

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