
Welcome to this remarkable commercial retail located in the coveted neighborhood of Elora/Salem. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,299,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
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.
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This commercial retail located at 13 Mill Street, Centre Wellington is currently for sale and has been available on SousaSells for 157 days. This property is listed at $2,299,000 with an estimated mortgage of $7,653* per month. It has 0 beds, 4 bathrooms, and is unknown square feet. 13 Mill Street, Centre Wellington is in the Elora/Salem neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Elora/Salem, Centre Wellington.
First-time home buyers, professionals, or investors seeking value.
None listed
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No historical data available for this property.
This could be the first listing for this address.
If you are looking for a house in Centre Wellington or researching Centre Wellington real estate for sale, this commercial retail at 13 Mill Street, Centre Wellington, ON offers an exceptional opportunity to buy a home in Centre Wellington, Ontario. Whether you are a first-time Centre Wellington home buyer or comparing active Centre Wellington MLS® homes for sale, working with a dedicated Centre Wellington buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
Browse all verified Centre Wellington real estate listings, compare active Centre Wellington houses for sale, and view brand new MLS® inventory before it hits the open market.
Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Centre Wellington realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Estimated mortgage: $7,653*/month*. Estimated Ontario Land Transfer Tax: $43,950. First-time Centre Wellington home buyers may qualify for up to $8,475 in rebates.
The current listing price for 13 Mill Street, Centre Wellington, ON in Elora/Salem, Centre Wellington is $2,299,000.
This property features null bedrooms and 4 bathrooms.
13 Mill Street, Centre Wellington, ON is a Commercial Retail () featuring a basement.
Community features and nearby amenities include: Greenbelt/Conservation, Major Highway.
Security features include: Partial .
Heating is provided via standard central heat and cooling via Yes.
Elora/Salem, Centre Wellington
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Data-driven valuation for 13 Mill Street E, Centre Wellington, ON N0B 1S0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Centre Wellington.
About Purchasing a Home in Centre Wellington, ON
For a property listed at $2,299,000 in Centre Wellington, the legal minimum down payment is $459,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $43,950 for this transaction. As this listing is in Centre Wellington (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $43,950.
Comprehensive city-wide demographics, local real estate stats, and school rankings for Elora/Salem, Centre Wellington.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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