50 Mill Street West , Centre Wellington ON N0B 1S0

Sale $10,000,000  | 
Listing # X12472597
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Peter Ferragine

Peter Ferragine

Sales Representative

Phone: 905.775.5557
Fax: 905.775.9075
Mobile: 905.716.3177

peter@theferragineteam.com
www.theferragineteam.com

Royal LePage RCR Realty, Brokerage (Independently owned and operated)

Brokerage

17360 YONGE STREET
NEWMARKET,  ON L3Y7R6

Remarks:

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

House

Neighbourhood:
Annual Tax Amount: $5,701.55
Lot Frontage: 44.7 Feet
Lot Depth: 70.54 Feet
Floor Space (approx): 3500-5000 Square Feet
Bedrooms: 6
Bathrooms (Total): 5

Property Features:

Access To Property: []
Architectural Style: 3-Storey
Basement: Unfinished
Construction Materials: Stone
Cooling: Window Unit(s)
Fireplace Features: Natural Gas
Foundation Details: Stone
Garage Type: None
Heat Source: Electric
Heat Type: Baseboard
Interior Features: Water Softener , Water Heater Owned
Parking Features: Street Only
Pool Features: None
Roof: Shingles
Security Features: Security System
Water: Municipal
Waterfront: Direct
Waterfront Features: River Front

Rooms

  • Other
    • Level: Main Level 4.67 m x 4.602 m
  • Other
    • Level: Main Level 10.427 m x 4.032 m
  • Other
    • Level: Main Level 3.914 m x 5.203 m
  • Other
    • Level: Main Level 2.976 m x 5.339 m
  • Bedroom
    • Level: Upper 3.62 m x 4.103 m
  • Bedroom
    • Level: Upper 4.108 m x 4.185 m
  • Bathroom
    • Level: Upper 3.075 m x 2.325 m
  • Kitchen
    • Level: Upper 2.522 m x 3.653 m
  • Dining
    • Level: Upper 2.201 m x 2.732 m
  • Living
    • Level: Upper 3.843 m x 3.924 m
  • Bedroom
    • Level: 3rd 3.973 m x 3.062 m
  • Bedroom
    • Level: 3rd 3.96 m x 3.383 m
  • Bathroom
    • Level: 3rd 2.103 m x 1.69 m
  • Kitchen
    • Level: Upper 4.452 m x 3.351 m
  • Living
    • Level: Upper 4.425 m x 4.647 m
  • Bedroom
    • Level: 3rd 3.521 m x 3.17 m
  • Bedroom
    • Level: 3rd 3.505 m x 4.021 m
  • Bathroom
    • Level: 3rd 0.908 m x 3.23 m