MLS®: X12988202

Status: For sale

$2,299,000

Location:

13 MILL STREET E, Centre Wellington (Elora/Salem) Ontario, N0B1S0

Description:

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. (id:2471)

Property:
Type: Retail
Lot Dimensions: 34 x 137 FT	Acreage: 34 x 137 FT
Water: Municipal water

Structure:
Square Footage: 4510 sqft
Bathrooms: 4
Heating: Forced air
Heating Type: Natural gas
Cooling Type: Fully air conditioned

Features:

Conservation/green belt

Royal LePage - Lakes of Haliburton, Brokerage

Listing Office: RE/MAX Real Estate Centre Inc

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13 MILL STREET E, Centre Wellington (Elora/Salem) Ontario, N0B1S0

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