$10,000,000
65.69 BTC
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50 Mill Street, Centre Wellington
$10,000,000
PRICE
6
BEDROOMS
5
BATHROOMS
X12472597
MLSID

50 Mill Street, Centre Wellington

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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Summary

Address
50 Mill Street
Community
MLSID
X12472597
Property Type
Store W Apt/Office
Property Category
Bedrooms
6
Bathrooms
5
Kitchens
2
Taxes (Annual)
$5,701.55
Tax Year
2025
Published
October 20, 2025
Days on Market
2 Days
Possession Type
Other
Possession Details
Tbd
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Inclusions

2 fridges, 2 stoves, 2 dishwashers, 2 clothes washers and dryers, 3 microwaves, 3 hot water heaters, 3 gas fireplaces, 1 water softener, 6 portable air conditioning units, 3 alarm systems

Details

Security Features
Security System
Bathroom 1
2-Piece Main Level
Bathroom 2
3-Piece Upper Level
Bathroom 3
4-Piece Upper Level
Bathroom 4
5-Piece Upper Level
Basement
Unfinished
Interior Features
Water Softener, Water Heater Owned
Parking Features
Street Only
Architectural Style
3-Storey
Roof
Shingles
Construction Materials
Stone
Lot Width
45 Feet
Lot Depth
71 Feet
Water
Municipal
Heat Source
Electric
Heat Type
Baseboard
New Construction
No
Occupant Type
Owner+Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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Listing Contracted with ROYAL LEPAGE RCR REALTY
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