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Renanza Realty
For sale

13 MILL STREET E

Centre Wellington (Elora/Salem), Ontario

MLS® X12988202

$2,299,000

Status
Active
Property type
Retail
MLS® number
X12988202
Bedrooms
Bathrooms
4
Year built

Listing description

An incredibly rare chance to own a landmark stone building on the river in the heart of highly sought-after show piece downtown of Elora Ontario. Year round income with a proven cap rate with even more room to grow the bottom line. This exceptional property features two residential income units, a successful, established restaurant, and an additional storefront commercial unit, making it a truly diversified and tremendous portfolio opportunity.

Meticulously updated and renovated to the highest standards, the building showcases timeless stone craftsmanship while boasting modern systems, finishes, and functionality throughout. The restaurant includes a full-service patio backing right on to the Grand River, delivering an unmatched dining experience and strong draw for locals and visitors alike. Positioned in a high-traffic location, surrounded by boutiques, tourism, and year-round foot traffic, this property benefits from Elora's vibrant downtown energy and enduring demand.

Whether you're an investor seeking stable income, a business owner looking for a signature location, or a portfolio builder targeting premier assets, this is a once-in-a-generation opportunity in one of Ontario's most desirable small towns. Come see why Elora is the answer.

Property summary

MLS® number
X12988202
Property type
Retail
Square footage
4,510 sq ft
Land size
34 x 137 FT
Annual property taxes
$8,047.65
Days on market
139 days

Features & details

Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Lot features
Conservation/green belt

What would this home cost you?

Based on the $2,299,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$10,697 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of RE/MAX Real Estate Centre Inc, GUELPH.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.