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$7,999,000

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50 Mill Street West

Elora/Salem, Centre Wellington, Ontario N0B1S0

For sale· Added

4,990 sqft

About this property

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.

Location

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Property details

Listing

MLS® number
X12472565
Added
Oct 20, 2025 ()
Updated
Jun 24, 2026 ()
Info refreshed

Overview

Property type
Retail
Building type
Residential Commercial Mix

Inside

Heating
Other
Cooling
Partially air conditioned
Fireplace
No
Appliances
Washer, Water softener, Dishwasher, Dryer, Microwave, Alarm System, Water Heater
Features
Conservation/green belt

Land

Lot size
44.7 x 70.54 ft
Zoning
C1

Services

Water
Municipal water

Location

Cross streets
Metcalfe/Mill
Directions
Mill St. West of Metcalfe.

Running costs

Annual property tax (2025)
$5,702

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$7,999,000
50 Mill Street West
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