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$69,900

Unit 27 - 501 Passmore Ave

Toronto E07, ON M1V 5G4

Unit 27 - 501 Passmore Ave, Toronto E07 — Listed at $69,900 Sale Of Business. MLS® E13857278.

1,311Sq Ft
Banquet Hall
Sale Of Business
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Description

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.

Property Details

Property TypeSale Of Business
CommunityMilliken
Approximate Age31-50
Dir/Cross StMiddlefield/Steeles
Garage TypeOutside/Surface
Heating TypeGas Forced Air Open
A/CYes
HSTIncluded In
SecurityYes
UFFINo
Listed Date10/2/2026
Days on Market33 days
PossessionTBA

Business Details

Property Sub-TypeSale Of Business
Business TypeBanquet Hall
Property UseWithout Property
Occupant TypeVacant
Hours of Operation24/7
FranchiseNo
Chattels IncludedYes
Seating Capacity48
Full-Time Employees2
Financial StatementsNot Available
Showing RequirementsShowing System
Possession TypeOther
Listing Expires2/28/2027

Commercial Space & Financials

Retail Area1,311 Sq Ft
Industrial Area1,311 Sq Ft
Same-day showings available
5.0Rated 5 stars on Google ReviewsWhatsApp Us About This Listing

Property Insights

Listing Courtesy of: RE/MAX METROPOLIS REALTY

MLS® #E13857278

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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About Toronto Real Estate

This Sale Of Business is located in the Milliken community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity.

TTC subway & streetcar networkWorld-class dining & entertainmentUniversity of Toronto & major hospitals nearbyWaterfront trails & ravine parks
Walkability: Highly walkable — many neighbourhoods score 80+ on Walk Score
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