50 Mill Street

ActiveCentre Wellington · Elora/Salem290 days on marketMLS® X12472597

$7,999,000

$2,285 / sq ft

Bedrooms6

Bathrooms5

Interior3,500 sq ft

TypeCommercial

ListingFor Sale

Days on Market290

About this property

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.

Features & finishes

Waterfront

View

Fireplace

Air Conditioning

Basement

Property details

MLS® Number	X12472597
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	3,500 sq ft
Beds / Baths	6 bed · 5 bath
Neighbourhood	Elora/Salem
City	Centre Wellington
Postal Code	N0B 1S0
Province	ON
Listed Date	October 20, 2025
Days on Market	290
Price per Sq Ft	$2,285
Brokerage	ROYAL LEPAGE RCR REALTY