50 Mill Street
Centre Wellington, ON
- 4,990 sqft
- Store W Apt/Office
- 329 days on market
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.
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Listing Details
- Taxes (2025)
- $5,702
- Originally Listed
- $10,000,000
- Listed
- October 20, 2025
Price History
Listing history
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Property
- Lot Size
- 44.7 x 70.54 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Metcalfe/Mill
- Zoning
- C1
- Parcel Number
- 714100091
- Possession
- Other
- Occupancy
- Owner+Tenant
Commercial
- Office / Apartment Area
- 2015 Sq Ft
Included
- Inclusions
- 2 fridges, 2 stoves, 2 dishwashers, 2 clothes washers and dryers, 3 microwaves, 3 hot water heaters, 3 gas fireplaces, 1 water softener, 6 portable air conditioning units, 3 alarm systems
Community
Postal area N0B
- Population
- 86,919
- Private dwellings
- 31,269
- Median age
- 42.8
- Average household size
- 2.9
- Median household income
- $120,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Centre Wellington · last 12 months
- Median sold price
- $765,000
- Homes sold
- 473
- Median days on market
- 30
- Sale-to-list price
- 97.5%
Based on 473 recorded sales of commercial properties in Centre Wellington over the last 12 months.
Listed by
ROYAL LEPAGE RCR REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 4,990 sq ft
- Price per sq ft
- $1,603.01
- Annual property tax
- $5,702
- Tax per sq ft
- $1.14
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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