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Renanza Realty
For sale

50 MILL STREET W

Centre Wellington (Elora/Salem), Ontario

MLS® X12472565

$7,999,000

Status
Active
Property type
Retail
MLS® number
X12472565
Bedrooms
Bathrooms
Year built

Listing description

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.

Property summary

MLS® number
X12472565
Property type
Retail
Building type
Residential Commercial Mix
Square footage
4,990 sq ft
Land size
44.7 x 70.54 FT
Annual property taxes
$5,701.55
Days on market
316 days

Features & details

Heating
Other
Cooling
Partially air conditioned
Appliances
Washer, Water softener, Dishwasher, Dryer, Microwave, Alarm System, Water Heater
Lot features
Conservation/green belt

What would this home cost you?

Based on the $7,999,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$37,218 /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 ROYAL LEPAGE RCR REALTY, ORANGEVILLE.

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.

50 MILL STREET W, Centre Wellington, Ontario — For Sale | Renanza