50 MILL STREET W
Elora/Salem
Centre Wellington (Elora/Salem)
N0B 1S0
$7,999,000
Single Family
beds: 6
baths: 5.0
- Status:
- Active
- Prop. Type:
- Single Family
- MLS® Num:
- X12472597
- Bedrooms:
- 6
- Bathrooms:
- 5
- Photos (32)
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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. (id:2493)
- Property Type:
- Single Family
- Taxes:
- $5,701.55 / -
- Community:
- Elora/Salem
- Features:
- Fireplace(s)
- Exterior Features:
- Stone
- Security Features:
- Security system
- View:
- Direct Water View
- Waterfront:
- Waterfront on river
- Water Body Name:
- Grand River
- Structure Type:
- Residential Commercial Mix
- Appliances Included:
- Washer, Water softener, Dishwasher, Dryer, Microwave, Alarm System, Water Heater
- Bedrooms:
- 6
- Bedrooms Above Grade:
- 6
- Bathrooms:
- 5.0
- Half Bathrooms:
- 1
- Cooling:
- Window air conditioner
- Fireplace:
- Yes
- Fireplaces:
- 3
- Foundation:
- Stone
- Heating:
- Baseboard heaters, Electric
- # Storeys:
- 3.0
- Water:
- Municipal water
- Basement:
- Unfinished, N/A
- Lot Frontage:
- 44'10"13.7 m
- Lot Details:
- 44.7 x 70.54 FT
- Parking:
- No Garage, Street
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Listed by ROYAL LEPAGE RCR REALTY
Data was last updated August 1, 2026 at 06:45 PM (UTC)
Area Statistics
- Listings on market:
- 59
- Avg list price:
- $994,990
- Min list price:
- $399,900
- Max list price:
- $7,999,000
- Avg days on market:
- 44
- Min days on market:
- 3
- Max days on market:
- 339
These statistics are generated based on the current listing's property type
and located in
Elora/Salem. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- JENNA WILDEBOER
- ROYAL LEPAGE RCR REALTY
- 1 (519) 9391312
- Contact by Email
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