13 Mill Street
Centre Wellington, ON
4 bath • 4,510 sqft • Commercial Retail • 132 days on market
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.
Listing Details
- Taxes (2026)
- $8,048
- Listed
- April 12, 2026
Price History
Listing history
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Property
- Age
- 100+
- Lot Size
- 34 x 137 Feet
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Metcalfe
- Zoning
- C1
- Parcel Number
- 714110033
- Possession
- Flexible
Commercial
- Business Type
- Other
- Occupancy
- Tenant
Included
- Inclusions
- Suites appliances
- Exclusions
- King size bed and side tables in Loft suite, Restaurant kitchen appliances and furniture.
- Rental Items
- None
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
- $775,000
- Homes sold
- 476
- Median days on market
- 32
- Sale-to-list price
- 97.3%
Based on 476 recorded sales of commercial properties in Centre Wellington over the last 12 months.
Listed by
RE/MAX Real Estate Centre Inc
Walk Score
Walk
Bike
Scores by Walk Score®
Location
Commercial figures
- Building area
- 4,510 sq ft
- Price per sq ft
- $509.76
- Annual property tax
- $8,048
- Tax per sq ft
- $1.78
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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