{{::listingStatusInfo.daysOnMarket | timeAgo }}
 New Today
RENTED CONDITIONALLY
SOLD CONDITIONALLY
RENTED CONDITIONALLY WITH ESCAPE
SOLD CONDITIONALLY WITH ESCAPE
on {{::listingStatusInfo.soldAsOf | momentFormat }}
on {{::listingStatusInfo.soldAsOf | momentFormat }}
AS OF {{::listingStatusInfo.inactiveAsOf }}

$10,000,000Asking Price

50 Mill Street W, Centre Wellington, ON N0B 1S0

Elora/Salem, Centre Wellington

Store with Apartment
6
Bedrooms
5
Baths
0
Parking
Day on Market

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.

Thank you for your inqury! We’ll be in touch shortly about your request.
Tour this home:

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.

Key Info

  • 3-Storey Store with Apartment
  • No Parking
  • No Garage
  • Metcalfe/Mill
  • 3500-5000 Approximate Sq Feet
  • No Ensuite Laundry
  • Baseboard Electric Heating

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $5,701 in 2025
  • Possession: TBD

Details

  • Stone Exterior
  • Fireplace
  • 2 Kitchens
  •  
  • MLS #X12472597
  • ROYAL LEPAGE RCR REALTY

Extras

Room Floor Dimensions Details
1 Other Main 15.32' x 15.10'
2 Other Main 34.21' x 13.23'
3 Other Main 12.84' x 17.07'
4 Other Main 9.76' x 17.52'
5 Bathroom Upper 10.09' x 7.63'
6 Kitchen Upper 8.27' x 11.98'
Washroom1 2-Piece Bathroom on Main Floor
Washroom1 3-Piece Bathroom on Upper
Washroom2 4-Piece Bathrooms on Upper
Washroom1 5-Piece Bathroom on Upper

Who lives here?

Elora/Salem, Centre Wellington is a west GTA neighbourhood notable for its university grads, executives and business and education, law & public sector professionals. Residents tend to be older with a significant number of kids aged 10 to 14, youth aged 15 to 19, adults aged 40 to 59 and seniors aged 70 to 74.

Families

Kids Per Family

1.0

kids per family
in the neighbourhood.

Centre Wellington  (1.0)

Singles

35% of residents are
single and loving it.

35% singles

Centre Wellington (36%)

Renters

14% of residents
are renters.

14% renters

Centre Wellington (18%)

Education

31% of residents are
university grads.

31% university grads

Centre Wellington (26%)

Income

Average Household Income

$129K

is the average household
income in the neighbourhood.

Centre Wellington  ($118K)

Professions

Professions

Sales 13%
Trades 11%
Business 9%
Government 8%
Management 8%

Immigrants

9% of residents were
born outside of Canada.

9% immigrants

Centre Wellington (10%)

Birthplace - All

UK was once home to 3.9% of immigrants.
Netherlands 1.3%
Germany 0.7%
USA 0.6%
Ireland 0.5%

3.9% from UK
All-time

Birthplace - Recent

UK was once home to 0.4% of immigrants.
USA 0.1%
Other South America 0.1%
Southern Africa 0.1%

0.4% from UK
Recent

Foreign Languages

Foreign Languages

German 2%
Dutch 1%
French 1%

Religions

Religions

Christian 76%