#27 501 Passmore Avenue, Toronto (Milliken) - Business for Sale
#27 501 Passmore Avenue, Toronto (Milliken), Ontario, M1V5G4
This business in Toronto is for sale offering roughly 1,311 sq ft of space. It has been on the market 33 days, fresher than the Toronto average of 109 days.
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. (id:66096)
Property Details
- MLS®
- E13857278
- Property Type
- Business
- Business Type
- Special Purpose
- Zoning
- M
- Interior Size
- 1,311 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 33 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 33 days on market, against an average age of 109 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (Milliken) has been listed for 33 days, which is 76 days fresher than the city average of 109. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1V)
This home lists at $69,900, about 0.9× the local median household income of $82,000.
Carrying it typically needs a household income of about $13,654 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $82,000
- Population
- 50,825
- Median age
- 45.6
- Owner / renter
- 81% / 19%
- Avg. household size
- 3.2
Source: Statistics Canada, 2021 Census (FSA M1V)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$69,900
Toronto