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$10,000,000
93 Days On Site

50 MILL STREET W
Centre Wellington (Elora/Salem), ON N0B1S0

For Sale|Single Family Residence|Active
6
Beds
5
Total Baths
1
Partial Bath
Subdivision:
Elora/Salem
County:

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(226) 741-3895
50 MILL STREET W50 MILL STREET W50 MILL STREET W50 MILL STREET W
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Monthly Payment (Est.)

$45,624
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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. (id:31684)

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Listing Snapshot
Price 
$10,000,000
Days On Site 
93 Days
Bedrooms 
6
Inside Area (SqFt) 
N/A
Total Baths 
5
Full Baths 
N/A
Partial Baths 
1
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
X12472597
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Levels 
Three Or More
Property Sub Type 
Single Family Residence
Interior Features
Cooling 
Window Unit(s)
Fireplace 
Yes
Fireplaces 
3
Heating 
BaseboardElectric
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Exterior Features
Frontage 
44 ft ,8 in
Lot Features 
Waterfront
View 
Water
Waterfront 
Yes
Waterfront Features 
Grand River
Waterview 
Water

Listing courtesy of: WAYNE BAGULEY of ROYAL LEPAGE RCR REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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