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501 Passmore Avenue Unit 27

Milliken / Toronto E07, ON M1V 5G4

ActiveFor Sale
0 Beds
0 Baths
1,311 Sq Ft
Commercial

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

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size1,311 sq ft
Bedrooms0
Bathrooms0
Postal CodeM1V 5G4
Last UpdatedOct 28, 2026 · 11:39 a.m.

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Features & Amenities

  • Air Conditioning

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TRREB MLS® Attribution

MLS® E13857278

Listed by RE/MAX METROPOLIS REALTY

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$97,500

asking price

MLS®E13857278
TypeCommercial
CityToronto E07
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$476

/month · $78,000 mortgage

Down Payment20% — $19,500
Interest Rate5.5%

Amortization

Total Interest

$64,832

Total Cost

$142,832

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

RE/MAX METROPOLIS REALTY