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13 Mill Street

Elora/Salem / Centre Wellington, ON N0B 1S0

ActiveFor Sale
0 Beds
4 Baths
4,510 Sq Ft
4,658 Lot Sq Ft
Commercial
Virtual Tour Available

About This Property

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.

Property Details

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size4,510 sq ft
Lot Size4,658 sq ft
Bedrooms0
Bathrooms4
Postal CodeN0B 1S0
Last UpdatedAug 8, 2026 · 3:13 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X12988202

Listed by RE/MAX Real Estate Centre Inc

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$2,299,000

asking price

MLS®X12988202
TypeCommercial
CityCentre Wellington
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$11,226

/month · $1,839,200 mortgage

Down Payment20% — $459,800
Interest Rate5.5%

Amortization

Total Interest

$1,528,696

Total Cost

$3,367,896

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

Full Mortgage Calculator →

Listed By

RE/MAX Real Estate Centre Inc