Salehian.com 647-325-5000

501 Passmore Avenue 27

Milliken, Toronto, M1V 5G4

$97,500

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Listed 17 days ago · MLS® E13857278

About this home

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.

Details

Type
Sale Of Business
Age
31-50 years
Garage
Outside/Surface
Neighbourhood
Milliken
Municipality
Toronto E07

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Utilities
Available

Building and exterior

Age
31-50 years
Building area
1,311 Square Feet

More

Possession
TBA
Cross street
Middlefield/Steeles
Business type
Banquet Hall

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

  • 🚆 Milliken GO3.9 km

Within a 10-minute walk: 3 grocery stores, 4 cafés and restaurants, 1 park, 1 pharmacy. Nearest grocery: Walmart Supercentre (450 m). Nearest park: John Daniels Park (850 m).

Schools nearby

Elementary

  • Parkland Public School
    EQAO: Gr 6 reading 96%, math 77%    1.2 km
  • Macklin Public School
    EQAO: Gr 6 reading 80%, math 71%    1.4 km
  • The Divine Infant Catholic School Catholic
    EQAO: Gr 6 reading 79%, math 50%    1.5 km
  • Brookside Public School
    EQAO: Gr 6 reading 89%, math 55%    1.7 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M1V

Owners / renters
81% / 19%
Median household income
$82,000
Average age
45
Children under 15
13%
Homes
44% detached, 26% high-rise
Commute by transit
17%
Population
50,825

Languages spoken most at home besides English: Yue (Cantonese) 26.2%, Mandarin 17.7%, Tamil 4.5%, Tagalog (Pilipino, Filipino) 1.6%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Milliken (2025): about the Toronto average, down 14% from the year before.

  • Assault56% below average
  • Break and enter34% above average
  • Auto theft170% above average
  • Robbery152% above average
  • Theft from vehicles89% above average
  • Shootings133% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 3 active

  • 3250 MARKHAM RD · 350 m
    Plan of Condominium · Draft Plan Approved · applied 2026
    Draft Plan of Condominium Application for 11 units in a single multi-tenanted industrial building on 3250 Markham Road.
    Application details
  • 116 SELECT AVE · 400 m
    Site Plan · Under Review · applied 2023
    Site Plan Approval for a one-storey warehouse building
    Application details
  • 3030 MARKHAM RD · 250 m
    Site Plan · Under Review · applied 2019
    New fuel station comprising of 4 new fuel gas bar with canopy, convenience store and car wash facility.
    Application details
  • 95 STATE CROWN BLVD · 500 m
    Plan of Condominium · Closed · applied 2024
    Application for Draft Plan of Standard Condomimium to create 13 commercial units within the two building development and to permit common elements parking with…
    Application details
  • 568 PASSMORE AVE · 200 m
    Site Plan · Closed · applied 2022
    Proposed development of vacant lands for three industrial buildings.
    Application details

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 23 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built E

Employment Industrial (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Building permits

  • Interior Alterations · 2025 · Closed
    Proposal for interior alterations for take-out restaurant.
  • Building Permit Related · 2025 · Application On Hold
    FS - Sprinkler Shop Drawing - Proposal for interior alterations to restaurant.
  • Other · 2023 · Closed
    Proposal to convert from a retail use to a new bakery with cooking facility. (Manufacturing use only. NO retail proposed nor permitted.…
  • Interior Alterations · 2018 · Closed
    NEW DESCRIPTION - NOV 5 2018 - PROPOSAL FOR MANUFACTURING AND DISTRIBUTION OF FOOD / DESSERTS. NOT TO BE USED AS A TAKE OUT…

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

33 City street trees within 100 m. That’s about the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX METROPOLIS REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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