For Sale

Retail opportunity

50 MILL STREET W · Centre Wellington (Elora/Salem), Ontario N0B1S0

Asking price$7,999,000
Property typeRetail
Land areaAvailable on request

The Opportunity

Overview

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:61970)

Investment highlights

  1. 01Retail

Property details

Property type
Retail
Transaction
sale
Listing brokerage
ROYAL LEPAGE RCR REALTY
Listing representative
WAYNE BAGULEY
Board / association
Toronto

Financial information

Asking$7,999,000

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Location intelligence

Centre Wellington (Elora/Salem)

Documents

Source Record

Current listing facts, with attribution intact.

Source
REALTOR.ca DDF®
Listing status
active
Source ID
29011622
Last supplied
June 24, 2026
Listing brokerage
ROYAL LEPAGE RCR REALTY
Listing representative
WAYNE BAGULEY
Board / association
Toronto

Commercially preserves the source listing’s brokerage attribution and links back to its REALTOR.ca record. Request information to confirm availability, documents, showing protocol and any facts not present in the supplied record.

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Listing brokerage: ROYAL LEPAGE RCR REALTY · Listing representative: WAYNE BAGULEY · Board/association: Toronto · Updated: Jun 24, 2026

Listing content is supplied through REALTOR.ca DDF®. Information is deemed reliable but is not guaranteed and should be independently verified. Commercially is not the listing brokerage unless expressly stated.

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