50 Mill Street W, Centre Wellington, ON N0B 1S0
Centre Wellington, ON, N0B 1S0 · Elora/Salem
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