Home ›Listings ›Centre Wellington ›X12988202

13 Mill Street Centre Wellington ON

📍 Centre Wellington, Ontario N0B 1S0

$2,299,000

Active
4BATHS
34×137LOT (FT)
100+AGE

📋 Listing Highlights

StatusActive
MLS®X12988202
ListedApr 12, 2026
Days on Market—
Property TypeCommercial
StyleCommercial Retail
Cross StreetMetcalfe
PossessionFlexible

📝 Listing Description

An incredibly rare chance to own a landmark stone building on the river in the heart of highly sought-after show piece downtown of Elora Ontario. Year round income with a proven cap rate with even more room to grow the bottom line. This exceptional property features two residential income units, a successful, established restaurant, and an additional storefront commercial unit, making it a truly diversified and tremendous portfolio opportunity. Meticulously updated and renovated to the highest standards, the building showcases timeless stone craftsmanship while boasting modern systems, finishes, and functionality throughout. The restaurant includes a full-service patio backing right on to the Grand River, delivering an unmatched dining experience and strong draw for locals and visitors alike. Positioned in a high-traffic location, surrounded by boutiques, tourism, and year-round foot traffic, this property benefits from Elora's vibrant downtown energy and enduring demand. Whether you're an investor seeking stable income, a business owner looking for a signature location, or a portfolio builder targeting premier assets, this is a once-in-a-generation opportunity in one of Ontario's most desirable small towns. Come see why Elora is the answer.

🏠 Property Details

Property TypeCommercial
StyleCommercial Retail
Bathrooms4
Approx. Age100+

📐 Lot & Land

Lot Width34 ft
Lot Depth137 ft
Lot Size4658 sqft
Cross StreetMetcalfe

🔧 Building & Utilities

HeatingGas Forced Air Open
CoolingYes
GarageNone

💰 Financial

List Price$2,299,000
Annual Taxes$8,047.65 (2026)
PossessionFlexible

🧮 Mortgage Calculator

$459,800
Est. Monthly Payment
$11,294/mo
Principal: $1,839,200 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by RE/MAX Real Estate Centre IncData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X12988202 · 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.