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For saleMLS® E13857278

501 Passmore Avenue 27, Toronto, ON M1V 5G4

Milliken · E07 · M1V 5G4

$69,900

$53 / sq ft

1 months on market

Total area
1,311 sf
0
Age
31-50 years

What's special

  • Outside/surface garage
  • Yes

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About this property

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

Property type
business
Interior size
1,311 sq ft
Year built
31-50
Zoning
M
Possession
TBA

Interior

Heating
Gas Forced Air Open
Cooling
Yes

Exterior & services

Garage
Outside/Surface

Costs

List price
$69,900
Price per sq ft
$53

Listing

MLS® number
E13857278
Status
For sale
Listed
October 2, 2026
Days on market
33
Last updated
October 30, 2026
Listing brokerage
RE/MAX METROPOLIS REALTY

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced below most comparable listings — about 19% of comparable business for sale listings in Milliken are asking less.

$65KMedian $180K$411K
This home
$53 / sq ft
Comparable median
$123 / sq ft

Based on 27 comparable active business for sale listings in Milliken. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $3,495
$3,495
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$367.16
Estimated monthly
$367

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$424
Toronto municipal
$424
Total due on closing
$848

An estimate on the asking price of $69,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX METROPOLIS REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$69,900

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