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$ 2,299,000
Est. payment | /mo
4 Baths
$ 2,299,000
Est. payment | /mo
4 Baths
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Elora/Salem
MLS Listing ID X12988202
Annual Tax Amount $8,047
Tax Year 2026
Property Sub-Type Commercial Retail
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.
Location
State ON
County Wellington
Area Wellington
Interior
Cooling Yes
Exterior
Community Features Greenbelt/Conservation, Major Highway
Utilities Available Yes
Lot Frontage 34.0
Lot Depth 137.0
Building
Building Age 100+
Others
Security Features Partial
ParcelsYN No
Listed by RE/MAX Real Estate Centre Inc
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