50 Mill St W is a commercial in Centre Wellington, listed for $7,999,000.
1Set along the river's edge, the rear of the property opens to a raised deck and stone patio offering an extraordinary vantage point.
2Here, 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.
3These bright, inviting spaces are rich with character and offer views that celebrate the river and the surrounding heritage architecture.
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Commercial Property in Centre Wellington
About 50 Mill Street West
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.
Centre Wellington commercial priced at $7,999,000 — book a tour to see if it fits your search.
Inside 50 Mill St W
Every detail from the listing, in one place.
Type
Commercial
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Store W Apt/Office
50 Mill St W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Centre Wellington
Other 6-bed homes for sale in Centre Wellington around $8.0M.
Average days on market47Homes sold in about 47 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings207Homes for sale here right now.
Median vs prior 90 days+2.6%Compared with May 10 – Aug 8, 2026: prices up.
Based on 207 sales from Aug 8 – Nov 6, 2026 (141 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 50 Mill St W
How much is 50 Mill St W listed for?
50 Mill St W is listed at $7,999,000 (MLS® X12472565). Summitly updates the price as soon as the MLS® record changes.
Has the price of 50 Mill St W changed?
Yes — it was first listed at $10,000,000 and is now $7,999,000, a drop of $2,001,000 (20.0%).
How many bedrooms and bathrooms does 50 Mill St W have?
The listing for 50 Mill St W doesn't publish its bedroom and bathroom count. It is a commercial property in Centre Wellington.
How does 50 Mill St W compare with other homes in Centre Wellington?
Its asking price of $7,999,000 is about 926% above the median sold price in Centre Wellington over the last 90 days, $779,900, across 207 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 50 Mill St W been sold before?
Summitly has no earlier MLS® sale or lease of 50 Mill St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 50 Mill St W?
50 Mill St W is in Centre Wellington, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 50 Mill St W been on the market?
382 days — 50 Mill St W was listed on October 20, 2025.
What is the land transfer tax on 50 Mill St W?
About $186,450 in Ontario land transfer tax at the asking price of $7,999,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 50 Mill St W or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 50 Mill St W?
The listing for 50 Mill St W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Centre Wellington.
When was 50 Mill St W built?
The listing for 50 Mill St W doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.