Home ›Listings ›Centre Wellington ›X12472597

50 Mill Street Centre Wellington ON

📍 Centre Wellington, Ontario N0B 1S0

$7,999,000

Active
6BEDS
5BATHS
2KITCHENS
44.7×70.54LOT (FT)

📋 Listing Highlights

StatusActive
MLS®X12472597
ListedOct 20, 2025
Days on Market—
Property TypeResidential Freehold
StyleStore W Apt/Office
Cross StreetMetcalfe/Mill
PossessionTBD
Virtual TourView Tour →

📝 Listing Description

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 Details

Property TypeResidential Freehold
StyleStore W Apt/Office
Bedrooms6
Bathrooms5
Kitchens2

📐 Lot & Land

Lot Width44.7 ft
Lot Depth70.54 ft
Cross StreetMetcalfe/Mill

🔧 Building & Utilities

Heat SourceElectric
HeatingBaseboard
CoolingWindow Unit(s)
BasementUnfinished
GarageNone
ConstructionStone
RoofShingles

💰 Financial

List Price$7,999,000
Annual Taxes$5,701.55 (2025)
PossessionTBD

🧮 Mortgage Calculator

$1,599,800
Est. Monthly Payment
$39,297/mo
Principal: $6,399,200 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by ROYAL LEPAGE RCR REALTYData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X12472597 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.