27 - 501 Passmore Avenue
Toronto E07, ON
- 1,311 sqft
- Sale Of Business
Turnkey Event Business Opportunity In Scarborough. This Thoughtfully Designed Venue Features Approximately 1,311 Sq. Ft. Of Main-Level Space Plus A 450 Sq. Ft. Mezzanine, Accommodating Up To 48 Guests With Full Seating Or Approximately 70 Guests In A Mixed Seated/Standing Configuration. Fully Furnished And Equipped For Immediate Operation, The Space Is Ideal For Private Celebrations, Birthdays, Corporate Functions, Workshops, And Other Special Events. Attractive Gross Monthly Lease Of Approximately $2,705 Offers A Manageable Occupancy Cost. Includes: Wet Bar With Fridge, Sink And Microwave; Faux Grass Feature Wall; Designated DJ Area; One Washroom; Storage Room; Ample Parking; Existing Furnishings, Fixtures And Equipment; And Social Media Accounts. Owner Is Willing To Provide Training For A Smooth Handover. An Excellent Opportunity To Acquire An Established, Ready-To-Operate Business.
Listing Details
- Originally Listed
- $97,500
- Listed
- October 2, 2026
Price History
Property
- Age
- 31-50
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Middlefield/Steeles
- Zoning
- M
- Possession
- Other
- Occupancy
- Vacant
Commercial
- Business Type
- Banquet Hall
- Rental Term
- 1-5 months
Community
Postal area M1V
- Population
- 50,825
- Private dwellings
- 16,556
- Median age
- 45.6
- Average household size
- 3.2
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto E07 · last 12 months
- Median sold price
- $663,440
- Homes sold
- 514
- Median days on market
- 23
- Sale-to-list price
- 99.1%
Based on 514 recorded sales of commercial properties in Toronto E07 over the last 12 months.
Listed by
RE/MAX METROPOLIS REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 1,311 sq ft
- Price per sq ft
- $53.32
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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