42
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$2,299,000
Est. payment /mo
4,510 SqFt
Active
13 E MILL Street E Elora, ON N0B1S0
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 4510
Square Footage 4,510 sqft
Price per Sqft $509
Subdivision 54 - Elora/Salem
MLS® Listing ID 40819951
Property Sub-Type Freehold
Property 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:24570)
Location
Province ON
Lake Name Grand River
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Water Grand River
Others
Ownership Freehold
Virtual Tour https://media.visualadvantage.ca/13-E-Mill-St
Listed by RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Nearby Locations
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