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50 Mill Street W, Centre Wellington, ON N0B 1S0

Centre Wellington, ON, N0B 1S0 · Elora/Salem

6 Beds
5 Baths
Sq Ft
Store W Apt/Office Type
X12472597 MLS#

About this property

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.

Features & Amenities

  • Basement: Unfinished
  • Garage: None
  • Cooling: Window Unit(s)
  • Heat Type: Baseboard
  • Heat Source: Electric
  • Style: 3-Storey
  • Construction: Stone

Property Details

Property Type Residential Freehold
Property Sub-Type Store W Apt/Office
Architectural Style 3-Storey
Bedrooms 6
Bathrooms 5
Basement Unfinished
Garage None
Heat Type Baseboard
Heat Source Electric
Cooling Window Unit(s)
Annual Tax $5,702
Tax Year 2025

Interior Features

Interior Features
Water Softener, Water Heater Owned
Fireplace
Yes
Fireplace Features
Natural Gas

Exterior Features

Pool Features
None
Waterfront
Yes
Waterfront Features
River Front

Building & Construction

Architectural Style
3-Storey
Construction Materials
Stone
Foundation Details
Stone
Roof
Shingles
Basement
Unfinished

Heating & Cooling

Heat Type
Baseboard
Heat Source
Electric
Cooling
Window Unit(s)

Parking & Garage

Garage Type
None
Parking Spaces
0
Parking Total
0.00
Parking Features
Street Only
Covered Spaces
0

Lot & Land

Lot Size Units
Feet
Lot Depth
70.54
Lot Width
44.70

Financial & Tax

Tax Annual Amount
$5,702
Tax Year
2025
Possession Type
Other
Possession Details
TBD

Room Details

Rooms Above Grade
15
Kitchens Above Grade
2
Kitchens Total
2
Bedrooms Above Grade
6

Additional Details

Occupant Type
Owner+Tenant
Direction Faces
South
County Or Parish
Wellington
Cross Street
Metcalfe/Mill
Directions
Mill St. West of Metcalfe
Special Designation
Unknown
Showing Requirements
Showing System

Location

50 Mill Street W, Centre Wellington, ON N0B 1S0, Centre Wellington, ON, N0B 1S0

Listing courtesy of ROYAL LEPAGE RCR REALTY
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