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Historic El Mocambo on sale for $3.95M

A photo of the El Mocambo on Spadina Avenue
A photo of the El Mocambo on Spadina Avenue. Screenshot / Google Streetview

TORONTO – The storied El Mocambo is up for sale for almost $4 million.

The legendary music venue has been in operation for close to 65 years, though the space has been used for music since 1850. The Royal LePage listing suggests it could be “great for student housing, fitness club [or a] boutique hotel.”

The building, situated on Spadina Avenue near College Avenue, is over 15,000 square feet if you include the three floors and basement and is on sale for an asking price of $3.95 million.

This will be the second time in as many years the building has gone on sale. In 2012, the building was sold to Cadillac Lounge owner Sam Grosso and his business partner Marco Petrucci.

The space has played host to a string of famous musicians, including the Rolling Stones, who billed themselves as ‘The Cockroaches’ in their 1977 show. That performance “took on political overtones” according to the Canadian Encyclopedia, because of the sightings of Prime Minister Pierre Trudeau’s wife Margaret Trudeau with Mick Jagger.

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Other famous musicians who’ve played at the bar include Charles Mingus, U2, Elvis Costello, The Ramones, Meat Loaf, Jimi Hendrix and Stevie Ray Vaughan and Double Trouble, who released a video of their performance.

Watch: Stevie Ray Vaughan plays the Hendrix’ classic “Voodoo Child (Slight Return)”

Watch: April Wine performs ‘You could’ve been a lady’ at the El Mocambo