Office Listings
50 Mill Street W
Elora/Salem
Centre Wellington
N0B 1S0
$10,000,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X12472565
- Photos (33)
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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.
- Property Type:
- Commercial
- Property Sub Type:
- Store W Apt/Office
- Freestanding:
- No
- Total Area:
- 4990 sq. ft. Square Feet
- Total Area:
- 4,990 sq. ft.464 m2
- Retail Area:
- 2015 sq. ft. Sq Ft
- Office/Apt Area:
- 2015 sq. ft. Sq Ft
- Lot Depth:
- 70'6½"21.5 m
- Lot Frontage:
- 44'8"13.6 m
- Water supply:
- Municipal
- Zoning:
- C1
- Heating type:
- Other
- Survey Available:
- Yes
- Garage:
- None
- Possession Details:
- TBD
- HST Applicable To Sale Price:
- In Addition To
- Assessment Year:
- 2025
- Type Taxes:
- Annual
- Taxes:
- $5,701.55 / 2025
- Assessment:
- $- / 2025
- Wellington
- Centre Wellington
- Elora/Salem
- Greenbelt/Conservation
- No
- 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
- Utilities:
- Available
- Air Conditioning:
- Partial
- Seller Property Info Statement:
- No
- Category:
- Store With Apt/Office
- Date Listed:
- Oct 20, 2025
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Listed by ROYAL LEPAGE RCR REALTY
Data was last updated October 23, 2025 at 12:15 AM (UTC)
- ALITA BAILEY
- ROYAL LEPAGE RCR REALTY
- 1 (519) 9382750
- Contact by Email
The enclosed information while deemed to be correct, is not guaranteed.
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