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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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50 Mill Street W Centre Wellington
For SalePrice DropCentre Wellington

50 Mill Street W Centre Wellington, Store W Apt/Office for Sale

MLS® X12472597

Centre Wellington, ON

383 days on market
$7,999,000
Previously $10,000,000
Show on Map
Show on Map
6Beds
5Baths
4,250Sqft
N/AParking
Store W Apt/Office

Overview· 50 Mill Street W Centre Wellington

MLS® #X12472597

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.

Inclusions

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

Broker

ROYAL LEPAGE RCR REALTY

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Highlights & Amenities· 50 Mill Street W Centre Wellington

Source: MLS® listing data
50 Mill Street W Centre Wellington

Store W Apt/Office

50 Mill Street W Centre Wellington

Centre Wellington

Type

Store W Apt/Office

Basement

Unfinished

Parking

None (0)

Property Tax

~$5,702/yr

Heating

Baseboard

Buying Essentials

Square Feet

4250 sqft

Facing Direction

South

Parking

None (0)

Finances

List Price

$7,999,000

Price per SQFT

$1,882/sqft

Property Tax

~$5,702/yr

Property Specs

Property Type

Store W Apt/Office

MLS Size

4250 sqft

Basement

Unfinished

Living & Amenities

Heating Type

Baseboard

Features

Water Softener · Water Heater Owned

Policies & Utilities

Neighbourhood

Centre Wellington

Listed On

Oct 20, 2025

Price & Listing History

Days on Market

Current: 383 days

0306090120+

Rooms

Other(Main)

15.3 x 15.1

231 sqft

Other(Main)

34.2 x 13.2

453 sqft

Other(Main)

12.8 x 17.1

219 sqft

Other(Main)

9.8 x 17.5

171 sqft

Bedroom(Upper)

11.9 x 13.5

160 sqft

Bedroom(Upper)

13.5 x 13.7

185 sqft

Bathroom(Upper)

10.1 x 7.6

77 sqft

Kitchen(Upper)

8.3 x 12.0

99 sqft

Dining Room(Upper)

7.2 x 9.0

65 sqft

Living Room(Upper)

12.6 x 12.9

162 sqft

Bedroom(Third)

13.0 x 10.0

131 sqft

Bedroom(Third)

13.0 x 11.1

144 sqft

Bathroom(Third)

6.9 x 5.5

38 sqft

Kitchen(Upper)

14.6 x 11.0

161 sqft

Living Room(Upper)

14.5 x 15.2

221 sqft

Bedroom(Third)

11.6 x 10.4

120 sqft

Bedroom(Third)

11.5 x 13.2

152 sqft

Bathroom(Third)

3.0 x 10.6

32 sqft

RoomsDimensionsFeaturesSqft
Other(Main)15.3 x 15.1—231
Other(Main)34.2 x 13.2—453
Other(Main)12.8 x 17.1—219
Other(Main)9.8 x 17.5—171
Bedroom(Upper)11.9 x 13.5—160
Bedroom(Upper)13.5 x 13.7—185
Bathroom(Upper)10.1 x 7.6—77
Kitchen(Upper)8.3 x 12.0—99
Dining Room(Upper)7.2 x 9.0—65
Living Room(Upper)12.6 x 12.9—162
Bedroom(Third)13.0 x 10.0—131
Bedroom(Third)13.0 x 11.1—144
Bathroom(Third)6.9 x 5.5—38
Kitchen(Upper)14.6 x 11.0—161
Living Room(Upper)14.5 x 15.2—221
Bedroom(Third)11.6 x 10.4—120
Bedroom(Third)11.5 x 13.2—152
Bathroom(Third)3.0 x 10.6—32

Rooms

18

Listed Room Area

2,821 sqft

Source

Estimated from MLS room dimensions

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$32,173/mo
Property Tax$475/mo
Total Monthly$32,648

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0