50 MILL STREET W - Photo 1 of 32, Centre Wellington (Elora/Salem), Ontario
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$10,000,000

50 MILL STREET W — Centre Wellington (Elora/Salem), Ontario

N0B1S0

6Beds
5Baths

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. (id:63357)

Property Location

Property Details

Property Type
House
Bedrooms
6
Bathrooms
5
Half Baths
1
Stories
3.0
Status
Active

Location & Neighborhood

What's nearby 50 MILL STREET W

Parks & Recreation

Transit Access

POI data updated 2/3/2026

Centre Wellington (Elora/Salem) Market Snapshot

63

Active Listings

$1079K

Median Price

0

Avg Days on Market

Last updated: Feb 25, 2026

Listed by

ROYAL LEPAGE RCR REALTY

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$10,000,000