50 Mill St W
Centre Wellington, ON N0B 1S0
For more information on this listing, contact us at: (647) 360-2908
Active
$7,999,000
-20%
50 Mill St W Centre Wellington, ON N0B 1S0
Store W Apt/Office
Property Type
6
Beds
5
Baths
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, caf s, 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 caf . 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.
MLS #
X12472597
Monthly Assoc. Fee
N/A
On Site
349 Days
Last Updated
9/19/2026
Location
Contact Agent
Ariez Reyes Tamboowalla
(647) 360-2908Property Details
Community Information
Address
50 Mill St W, Centre Wellington, ON N0B 1S0
Area
Wellington
City
Centre Wellington
Community
Elora/Salem
Postal Code
N0B 1S0
Architecture
Bedrooms
6
Bathrooms
5
Stories
3
Style
3-Storey
Construction Materials
Stone
Roof
Shingles
Foundation Details
Stone
Basement
Unfinished
Features / Amenities
Interior Features
Water Softener, Water Heater Owned
Fireplace Features
Natural Gas
Kitchens Total
2
Security Features
Security System
Direction Faces
South
Parking Features
Street Only
Cooling
Window Unit(s)
Heat Type
Baseboard
Heat Source
Electric
Property Features
Water View
Direct
Sq. Ft.
3500-5000
Water Body
Grand River River
Waterfront
Direct
Waterfront Features
River Front
Water Frontage
1
Access To Property
Municipal Road
Directions
Mill St. West of Metcalfe
Tax and Financial Info
Tax Annual Amount
$5,701.55
Tax Year
2025
Listing Office
Listing provided courtesy of Royal Lepage Rcr Realty.
Rooms
| Level | Size | |
| Other | Main | 12.84 X 17.07 |
| Bedroom | Upper | 11.88 X 13.46 |
| Bathroom | Upper | 10.09 X 7.63 |
| Other | Main | 15.32 X 15.10 |
| Kitchen | Upper | 8.27 X 11.99 |
| Bedroom | Third | 13.04 X 10.05 |
| Kitchen | Upper | 14.61 X 10.99 |
| Other | Main | 9.76 X 17.52 |
| Bedroom | Third | 11.50 X 13.19 |
| Bedroom | Upper | 13.48 X 13.73 |
| Other | Main | 34.21 X 13.23 |
| Bedroom | Third | 11.55 X 10.40 |
| Bathroom | Third | 2.98 X 10.60 |
| Bedroom | Third | 12.99 X 11.10 |
| Dining Room | Upper | 7.22 X 8.96 |
| Bathroom | Third | 6.90 X 5.54 |
| Living Room | Upper | 14.52 X 15.25 |
| Living Room | Upper | 12.61 X 12.87 |
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Price Change History
| Date | Old Price | New Price | Percent Change |
| 6/24/2026 | $10,000,000 | $7,999,000 |
-20%
|
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Listing Information Last Updated 9/19/2026
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