50 Mill Street, Centre Wellington, ON

$10,000,000
MLS#:X12472565
0 beds
0 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] store w apt/office located in the coveted neighborhood of Elora/Salem. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $10,000,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 44.7 x 70.54 ft lot size
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • equipped with ["partial"] central cooling and highly efficient other heating

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.

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Key Features

Property Type
Commercial

Additional Details

StatusActive
Listed Date10/20/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeStore W Apt/Office
Lot Size44.7 × 70.54 Feet
CountyWellington
Annual Tax$5,701.55
Legal DescriptionPT LT 1 S/S W MILL ST PL 181 ELORA AS IN RO800725; S/T RO800725; CENTRE WELLINGTON

Parking & Garage

Garage TypeNone

Heating & Cooling

Heat TypeOther
Cooling["Partial"]

Features

Property Features

Community Features

Greenbelt/Conservation

Location

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50 Mill Street, Centre Wellington, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 50 Mill Street W, Centre Wellington, ON N0B 1S0

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$8,000,000
Monthly Mortgage$46,483
Property Tax (Est.)$475
Utilities & Maint.$350
Total Monthly Cost$47,308

Strategic Fiscal Clarity

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No current listings found in Centre Wellington.