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$7,999,000

Est. payment - /mo

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6 Beds

5 Baths

Active

50 Mill ST W Centre Wellington, ON N0B 1S0

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Neil Bautista

neil@broadviewavenue.ca +1(647) 609-7427

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Key Details

Property Type Commercial

Sub Type Store W Apt/Office

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision Elora/Salem

MLS Listing ID X12472597

Style 3-Storey

Bedrooms 6

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

Area Wellington

Body of Water Grand River

Rooms

Family Room No

Basement Unfinished

Kitchen 2

Interior

Interior Features Water Softener, Water Heater Owned

Cooling Window Unit(s)

Fireplaces Type Natural Gas

Fireplace Yes

Heat Source Electric

Exterior

Parking Features Street Only

Pool None

Waterfront Description Direct

Roof Type Shingles

Road Frontage Municipal Road

Lot Frontage 44.7

Lot Depth 70.54

Building

Foundation Stone

Others

Security Features Security System

ParcelsYN No

Virtual Tour https://youtu.be/q1lRY5yq2z8

Listed by ROYAL LEPAGE RCR REALTY

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Neil Bautista

Admin

+1(647) 609-7427

NEARBY SCHOOL & BUSINESS

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