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Home ON Centre Wellington Wellington County
50 MILL STREET W
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50 MILL STREET W $10,000,000
$10,000,000
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50 MILL STREET W
Centre Wellington (Elora/Salem), Ontario N0B1S0

MLS® Number: X12472565

Listing 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. (41484187)

Location Description

Cross Streets: Metcalfe/Mill. ** Directions: Mill St. West of Metcalfe.

Property Summary

Property Type
Retail
Building Type
Residential Commercial Mix
Community Name
Elora/Salem
Land Size
44.7 x 70.54 FT
Annual Property Taxes
$5,701.55
Time on REALTOR.ca
56 days

Building

Interior Features
Appliances Included
Alarm System, Dishwasher, Dryer, Microwave, Water Heater, Washer, Water softener
Building Features
Features
Conservation/green belt
Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Other
Utilities
Water
Municipal water

Measurements

Square Footage
4990 sqft

Land

Lot Features
Frontage
44 ft ,8 in
Land Depth
70 ft ,6 in
Other Property Information
Zoning Description
C1
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WAYNE BAGULEY