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50 Mill Street W Centre Wellington, Ontario N0B 1S0

6 Bedroom 5 Bathroom
Fireplace Window Air Conditioner Baseboard Heaters Waterfront

$10,000,000

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:60365)

Property Details

MLS® Number X12472597
Property Type Retail
Community Name Elora/Salem
Easement Flood Plain, None
ViewType Direct Water View
WaterFrontType Waterfront

Building

BathroomTotal 5
BedroomsAboveGround 6
BedroomsTotal 6
Amenities Fireplace(s)
Appliances Water Softener, Water Heater, Alarm System, Dishwasher, Dryer, Microwave, Washer
BasementDevelopment Unfinished
BasementType N/a (unfinished)
CoolingType Window Air Conditioner
ExteriorFinish Stone
FireProtection Security System
FireplacePresent Yes
FireplaceTotal 3
FoundationType Stone
HalfBathTotal 1
HeatingFuel Electric
HeatingType Baseboard Heaters
StoriesTotal 3
Type Residential Commercial Mix
UtilityWater Municipal Water

Parking

No Garage
Street

Land

AccessType Public Road
Acreage No
SizeDepth 70 Ft ,6 In
SizeFrontage 44 Ft ,8 In
SizeIrregular 44.7 X 70.54 Ft
SizeTotalText 44.7 X 70.54 Ft

https://www.realtor.ca/real-estate/29011626/50-mill-street-w-centre-wellington-elorasalem-elorasalem

Wayne Baguley
Salesperson


Royal LePage Rcr Realty

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