13 E MILL Street E, Elora, Ontario, N0B1S0
MLS: 40819951 | Other
$2,299,000
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:64974)
Quick Facts
- Property Type: Other
- Bedrooms: None
- Bathrooms: None
- Living Area: 4,510 sq ft (419.0 m²)
- Ownership: Freehold
- Frontage: 34 ft (10.4 m)
Costs
- Annual Taxes: $8,047.65
Listing Provided by: RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Basement: Full
- Utilities: Natural Gas, Electricity
Exterior & Construction
- Exterior: Stone
- Foundation: Stone
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 34 ft (10.4 m)
- Features: Visual exposure
- Waterfront: Waterfront on river
- Water Body: Grand River
- Zoning: C1
Community & Neighbourhood
- Community: High Traffic Area
- Subdivision: 54 - Elora/Salem
Listing Information
Listing History
MLS listing activity for 13 E MILL Street E, Elora, Ontario, N0B1S0 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Mortgage & Cost Calculators
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13 E MILL Street E, Elora, Ontario, N0B1S0