127 days on Market

18 East Mill St, Elora, Ontario N0B 1S0

Detached
3
3 + 1
~2996 sqft
$•••,•••
$1,595,000
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Detached
3
3 + 1
~2996 sqft

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Highlights

Property Estimate

Days on market127 days

Estimated valueNot available

Price/Sqft$532/sqft

Monthly cost

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Description

Welcome to 18 East Mill Street, a rare opportunity to live and work in one of Ontario's most charming villages. Zoned commercial with a dwelling unit above, this updated timber-frame property blends character, flexibility, and location (including coveted parking). The main floor features exposed beams reclaimed from a historic factory and an abundance of natural light. With a spacious kitchen, two bathrooms, and multiple adaptable workspaces, it's ideal for entrepreneurs, creatives, or business owners. Whether you envision an art studio, retail shop, café, professional office, or something entirely your own, the street-level presence makes it easy to welcome clients and customers. Upstairs, a private residence with a loft-like feel offers a retreat from the bustle below. High ceilings, an open-concept kitchen and living area, and a walkout patio create a bright, contemporary home base or pied-à-terre. Three bedrooms, a spa-inspired bathroom, and in-suite laundry complete the space - perfect for everyday living or hosting overnight guests. Set within Elora's vibrant core, just steps from boutiques, cafés, and the Grand Rivers scenic trails, this one-of-a-kind property offers endless potential to build your business, live comfortably, or do both beautifully. Whether you keep it all for yourself, share it with tenants, or explore creative mixed-use ideas, this special property is poised to make your vision a reality.


Property Details

StyleTwo Story
View-
Age of property1995
SqFt~2996 SqFt
Lot Size4,919 SqFt(82 x 59.99)
Parking Spaces6
MLS ®Number40759188
Community NameCentre Wellington
Data SourceITSO
Listing bySotheby's International Realty Canada

Features

Heating: Forced Air, Natural Gas
Cooling: Central Air
Basement: Other, Crawl Space, Unfinished

Main Floor

Kitchen

3.81 x 4.50

Office

3.25 x 4.72

Bathroom

1.22 x 1.55

2-Piece

Bathroom

3.07 x 2.90

4-Piece


Features

Lot size: 4,919 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Property listed by Sotheby's International Realty Canada, Brokerage
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Market Data - Centre Wellington

Geo Zone Map ThumbnailCentre Wellington

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

36 days

Compared to

2024

39 days

2023

32 days

2022

41 days

New Listings

Past 30 days

57 listings

Compared to

2024

82 listings

2023

74 listings

2022

62 listings

Units sold

Past 30 days

23 units

Compared to

2024

59 units

2023

30 units

2022

37 units

Median Sold Price

Past 30 days

$820,000

Compared to

2024

$881,500

2023

$730,000

2022

$860,000


Population and Demographics

Overview

Total population 31158
Average household income $139,569

Age (%)

0 to 19
23%
20 to 34
16%
35 to 49
18%
50 to 64
21%
65 and plus
22%

Household composition (%)

Single family
74%
Single person
24%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
93%
Others
5%
Dutch
1%

House tenancy (%)

Owners
81%
Renters
19%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget