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When we went there people gathered in a row to do some ziplining. Usually in the summer months in July and August only, you can buy a seat across the Gorge suspended in the air for about 5-10 minutes for $40 a head. That's a little too much money for such a short time for me not even for the thrill of it all.
Located nearby is the "old swimming hole",
at the Elora Quarry Conservation Area, a 0.8 hectare (two acre) which was a former
limestone quarry Elora Quarry
did not become a conservation area until 1976, but it was a popular
swimming area long before that.
The Elora Gorge Falls are located a bit upstream from the Gorge. It's roughly a 7 m tall waterfall.
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As an interesting fact: The Quarry served as a film location in the 2017 adaptation of Stephen King's novel It.
There are wonderful trails in and around the Gorge as well to explore. Absolutely one of my favourite go-to places in Ontario to get out the big city and go exploring!