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:4069)
Address
13 E MILL Street E
List Price
$2,299,000
Property Type
Other
Type of Dwelling
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Elora
Floor Area
4,510 Sq. Ft.
MLS® Number
40819951
Listing Brokerage
RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
Basement Area
Full
Postal Code
N0B1S0
Zoning
C1
Site Influences
Waterfront
Features
Visual exposure
