18 East Mill Street, Centre Wellington, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Elora/Salem. Expertly crafted featuring premium board & batten construction, this residence presents an exceptional opportunity offered at $1,495,000 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.
- 3 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 59.99 x 82 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Accessory Apartment, Built-In Oven, Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 18 East Mill Street, a rare opportunity to live and work in one of Ontario's most charming villages. Zoned commercial with a dwelling unit above, this updated timber-frame property blends character, flexibility, and location (including coveted parking). The main floor features exposed beams reclaimed from ahistoric factory and an abundance of natural light. With a spacious kitchen, two bathrooms, and multiple adaptable workspaces, it's ideal for entrepreneurs, creatives, or business owners. Whether you envision an art studio, retail shop, café, professional office, or something entirely your own, the street-level presence makes it easy to welcome clients and customers. Upstairs, a private residence with a loft-like feel offers a retreat from the bustle below. High ceilings, an open-concept kitchen and living area, and a walkout patio create a bright, contemporary home base or pied-à-terre. Three bedrooms, a spa-inspired bathroom, and in-suite laundry complete the space - perfect for everyday living or hosting overnight guests. Set within Elora's vibrant core, just steps from boutiques, cafés, and the Grand Rivers scenic trails, this one-of-a-kind property offers endless potential to build your business, live comfortably, or do both beautifully. Whether you keep it all for yourself, share it with tenants, or explore creative mixed-use ideas, this special property is poised to make your vision a reality.
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Interior Features
Accessory Apartment, Built-In Oven, Water Heater
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Property History
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Pricing & Value Insights
Data-driven valuation for 18 East Mill Street, Centre Wellington, ON N0B 1S0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Centre Wellington, ON
For a property listed at $1,495,000 in Centre Wellington, the legal minimum down payment is $299,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $26,375 for this transaction. As this listing is in Centre Wellington (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $26,375.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.