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New · Listed Oct 2, 2026 · 24 days on market

501 Passmore Avenue 27, Toronto, ON M1V 5G4

$97,500

Commercial · Sale Of Business · 1311 sq ft · For Sale

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 summary

TypeCommercial
SubtypeSale Of Business
Business typeBanquet Hall
Building area1311 Square Feet
GarageOutside/Surface
PossessionOther
OccupantVacant
Property
Age31-50
Power & Services
Heating typeGas Forced Air Open
Central A/C1
UtilitiesAvailable
Residential
GarageOutside/Surface
Zoning & Taxes
Tax year2026
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Data provided by TRREB. Listed by RE/MAX METROPOLIS REALTY.

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