Mill St
Elora/Salem, Centre Wellington
$10,000,000
Buy with Dwelly and Save $100,000
Home Details
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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.
2 fridges, 2 stoves, 2 dishwashers, 2 clothes washers and dryers, 3 microwaves, 3 hot water heaters, 3 gas fireplaces, 1 water softener, 6 portable air conditioning units, 3 alarm systems
City: Centre Wellington
Neighborhood: Elora/Salem
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Oct 20, 2025 | 5 | $10,000,000 | N/A | New | X12472565 |
Rooms
Room dimensions for Mill St, Centre Wellington
Market Trends and Insights
Mortgage Calculator
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Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $10000000 |
| Down Payment | $2000000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $8000000 |
Monthly Payment
| Mortgage Payment | $49298 |
| Property Taxes | $475 |
| Maintenance Fees | $0 |
| Monthly Payment | $49773 |
About Mill St, Centre Wellington
Located at 50 Mill St W , this Centre Wellington house is available for sale. This property was listed for $10,000,000 on Mon Oct 20 2025. This house's size is 3500-5000 Sqft. It has 6 bedrooms and 5 bathrooms. The property includes the following rooms: Other, Other, Other, Other, Br, Br, Bathroom, Kitchen, Dining, Living, Br, Br, Bathroom, Kitchen, Living, Br, Br, Bathroom. 50 Mill St W, Centre Wellington is situated in the Elora/Salem neighbourhood.
MLS#: X12472597 · $10,000,000 · 6 bedroom house in Elora/Salem, Centre Wellington