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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Toronto
Unit 2 at 501 North Alliance Avenue
Banquet Hall Business For Sale only. Highly lucrative business located in a prime location near the Stockyards in Toronto with 800+ person capacity. Full-size restaurant/catering kitchen & ample parking. Fully licensed LCBO and Business License. 10-year term lease in place.Sale of business only
Toronto business priced at $1,200,000 — book a tour to see if it fits your search.Ask Zara a follow-up
Inside 501 N Alliance Ave #2
Every detail from the listing, in one place.
Type
Business
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Sale Of Business
501 N Alliance Ave #2 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W13882516$1,200,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 501 N Alliance Ave #2 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.
How long is your commute?
From 501 N Alliance Ave #2. Typical times without traffic delays; transit times aren't available yet.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4969.0%On average, homes sold at or above asking.
Active listings12,643Homes for sale here right now.
Median vs prior 90 days+3.7%Compared with Apr 13 – Jul 12, 2026: prices up.
Based on 9,548 sales from Jul 12 – Oct 10, 2026 (6,503 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
501 N Alliance Ave #2 is listed at $1,200,000 (MLS® W13882516). Summitly updates the price as soon as the MLS® record changes.
Has the price of 501 N Alliance Ave #2 changed?
No — 501 N Alliance Ave #2 is still listed at its original asking price of $1,200,000.
How many bedrooms and bathrooms does 501 N Alliance Ave #2 have?
The listing for 501 N Alliance Ave #2 doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
Is 501 N Alliance Ave #2 close to transit?
The nearest rapid-transit station is Mount Dennis Station (Line 5, Kitchener GO, UP Express), about 1.3 km (about a 16-minute walk) in a straight line. Keelesdale Station is about 1.9 km (about a 24-minute walk), and Caledonia Station is about 2.6 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 501 N Alliance Ave #2 compare with other homes in Toronto?
Its asking price of $1,200,000 is about 41% above the median sold price in Toronto over the last 90 days, $850,000, across 9,548 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 501 N Alliance Ave #2 been sold before?
Summitly has no earlier MLS® sale or lease of 501 N Alliance Ave #2 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 501 N Alliance Ave #2?
501 N Alliance Ave #2 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 501 N Alliance Ave #2 been on the market?
1 day — 501 N Alliance Ave #2 was listed on October 9, 2026.
What is the land transfer tax on 501 N Alliance Ave #2?
About $40,950 at the asking price of $1,200,000: $20,475 Ontario land transfer tax plus $20,475 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
How do I book a viewing of 501 N Alliance Ave #2 or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 501 N Alliance Ave #2?
The listing for 501 N Alliance Ave #2 doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
When was 501 N Alliance Ave #2 built?
The listing for 501 N Alliance Ave #2 doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.