50 Mill Street W, Elora

50 Mill Street W
50 Mill Street W
50 Mill Street W
+29
6
 bed
5
 bath
0
 parking
3500 - 5000
 sqft
Store w/Apt/Offc
$7,999,000
Instant Estimate Not Available
For Sale
273 days
 on site
$7,999,000
Instant Estimate Not Available
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Size
-
Lot size
3153 sqft
Street frontage
-
Possession
Other
Price per sqft
$1,600 - $2,285
Taxes
$5,701.55 (2025)
Parking Type
-
Style
3-Storey
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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.
Broker: ROYAL LEPAGE RCR REALTY
MLS®#: X12472597
Property details
Parking:
No
Parking type:
-
Property type:
Store w/Apt/Offc
Heating type:
Baseboard
Style:
3-Storey
MLS Size:
3500-5000 sqft
Lot front:
44 Ft
Lot depth:
70 Ft
Listed on:
Oct 20, 2025
Show all details
Rooms
LevelNameSizeFeatures
Main
Other
12.8 x 17.1 ft
Upper
Bedroom
11.9 x 13.4 ft
Upper
Bathroom
10.1 x 7.6 ft
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Instant estimate:
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About 50 Mill Street W

50 Mill Street W is an Elora store for sale. It was listed at $7999000 in October 2025 and has 6 beds and 5 bathrooms. Situated in Elora's Elora-Salem neighbourhood, Fergus are nearby neighbourhoods.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this store.

If you are reliant on transit, don't fear, 50 Mill St W, Centre Wellington has a public transit Bus Stop (O'Brien Park) not far. It also has route Grand River Raceway - Fergus Marketplace close by.