$2,299,000
FOR SALE

Commercial/Retail

Lot: 34 x 137 ft
2026 Taxes: $8,047.65

13 Mill St E
Centre Wellington, ON N0B 1S0 | Elora/Salem | Wellington

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.
Share
Listed By RE/MAX Real Estate Centre Inc
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12988202
Last Updated Apr 21, 2026
Property Summary
Property Type Commercial/Retail

More like this:
PIN 714110033
Legal Description PT LT 12 S/S PEEL ST PL 181 ELORA PT 1 & 2, 61R5474; S/T & T/W ROS643509; CENTRE WELLINGTON
Possession Date Flexible
Taxes (2026) $8,047.65
Directions/Cross Streets Metcalfe
Neighbourhood Elora/Salem
Area Wellington
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Bathrooms 4
Lot 34 x 137 ft
Air Conditioning Yes
Basement Basement
Chattels Y
Garage Type None
Heat Type Gas Forced Air Open
Financial Statement Y
Sewers Sanitary+Storm
Survey Y

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)