ExtensionFor Sale

50 Mill Street W
Centre Wellington, Wellington, ON, N0B 1S0

Store W Apt/Office
TRREB
MLS® Number: X12472597
Estimated Value
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$7,999,000List Price
6Bedrooms
5Bathrooms
0Garages
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Current valuation for 50 Mill Street W, Centre Wellington, ON N0B 1S0. Listed for $7,999,000 on 2026-11-02

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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.

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Summary

Tax:$5,701.55 / 2025
Listing #:X12472597
Property Type:Store W Apt/Office, 3-Storey
Size:3500-5000 feet²
Land Size:44.7 x 70.54
Days on CPRB:
Garage:None
Locker:None
On CPRB Since:
Listing Brokerage:ROYAL LEPAGE RCR REALTY

Rooms

Details

Property

Property Type:Store W Apt/Office
Style:3-Storey
Community:Elora/Salem
Municipality:Wellington

Building

Size:3500-5000 feet²
Construction:Stone

Inside

Bedrooms:6
Bedrooms Above Grade:6
Bathrooms:5
Bathrooms Detail:1, 2pc Main floor
Bathrooms Detail:1, 3pc Upper floor
Bathrooms Detail:2, 4pc Upper floor
Bathrooms Detail:1, 5pc Upper floor
Kitchens:2
Family Room:No
Appliances Included:Water Softener, Water Heater Owned
Basement:Unfinished

Parking

Driveway:Street Only
Garage Type:None
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Window Unit(s)
Heating Type:Baseboard
Heating Fuel:Electric

Highlights

Fireplace Type:Natural Gas

Land

Cross Street:Metcalfe/Mill

$7,999,000

List price

50 Mill Street W, Centre Wellington – Store W Apt/Office for sale