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MLS® X12988202
Centre Wellington, ON
An incredibly rare chance to own a landmark stone building on the river in the heart of highly sought-after show piece downtown of Elora Ontario. Year round income with a proven cap rate with even more room to grow the bottom line. This exceptional property features two residential income units, a successful, established restaurant, and an additional storefront commercial unit, making it a truly diversified and tremendous portfolio opportunity. Meticulously updated and renovated to the highest standards, the building showcases timeless stone craftsmanship while boasting modern systems, finishes, and functionality throughout. The restaurant includes a full-service patio backing right on to the Grand River, delivering an unmatched dining experience and strong draw for locals and visitors alike. Positioned in a high-traffic location, surrounded by boutiques, tourism, and year-round foot traffic, this property benefits from Elora's vibrant downtown energy and enduring demand. Whether you're an investor seeking stable income, a business owner looking for a signature location, or a portfolio builder targeting premier assets, this is a once-in-a-generation opportunity in one of Ontario's most desirable small towns. Come see why Elora is the answer.
Inclusions
Suites appliances
Exclusions
King size bed and side tables in Loft suite, Restaurant kitchen appliances and furniture.
Broker
RE/MAX Real Estate Centre Inc
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Commercial Retail
13 Mill Street E Centre Wellington
Centre Wellington
Built
100+
Type
Commercial Retail
Parking
None
Property Tax
~$8,048/yr
Heating
Gas Forced Air Open
Buying Essentials
Square Feet
4510 sqft
Parking
None
Finances
List Price
$2,299,000
Price per SQFT
$510/sqft
Property Tax
~$8,048/yr
Property Specs
Property Type
Commercial Retail
MLS Size
4510 sqft
Age of Building
100+
Living & Amenities
Heating Type
Gas Forced Air Open
Policies & Utilities
Neighbourhood
Centre Wellington
Property Manager
Self
Listed On
Apr 12, 2026
Greenbelt/Conservation
Major Highway
Days on Market
Current: 209 days
Room information is not available for this listing.
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