50 Mill
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$10,000,000

50 Mill

Centre Wellington (Elora/Salem), Ontario, N0B1S0

Active
4,990
Sq Ft

About This Property

This retail in Centre Wellington (Elora/Salem) offers 4,990 sq ft of living space. The home features other heating, partially air conditioned.

MLS Remarks

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:60351)

Overview

Property Typeresidential
Sub-Typeretail
StatusActive
MLS #X12472565

Interior

HeatingOther
CoolingPartially air conditioned
AppliancesWasher, Water softener, Dishwasher, Dryer, Microwave, Alarm System, Water Heater

Fees & Taxes

Annual Taxes$5,701.55 (2025)

Listing Information

MLS#: X12472565


Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.

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Mortgage Calculator

$
$2,000,000
5%20%50%
Estimated Monthly Payment
$44,467
/month
Mortgage
$8,000,000
Total Interest
$5,339,979

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$236,475
Total Due on Closing$236,475

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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