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Tuesday, July 21st, 2026

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$2,299,000
Available - For Sale
Listing ID: X12988202
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.
Price $2,299,000
Taxes: $8,047.65
Tax Type: Annual
Assessment Year: 2026
Occupancy by: Tenant
Address: 13 Mill Street East , Centre Wellington, N0B 1S0, Wellington
Postal Code: N0B 1S0
Province/State: Wellington
Legal Description: PT LT 12 S/S PEEL ST PL 181 ELORA PT 1 &
Directions/Cross Streets: Metcalfe
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Category: Multi-Use
Use: Other
Building Percentage: T
Total Area: 4,510
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Greenbelt/Conse   Major Highway
Approximatly Age: 100+
Financial Statement: T
Chattels: T
Franchise: F
Maintenance: 0
Sprinklers: Part
Outside Storage: F
Crane: F
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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RE/MAX Real Estate Centre Inc

13 Mill Street East , Centre Wellington, N0B 1S0, Wellington

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Commercial Retail
Area: Wellington
Municipality: Centre Wellington
Neighbourhood: Elora/Salem
Style:
Lot Size: x 137.00(Feet)
Approximate Age: 100+
Tax: $8,047.65
Maintenance Fee: $0
Beds: 0
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com