490 Queen Street W,Toronto C01, ON M5V 2B3
Toronto C01, ON M5V 2B3
Description
***Prime Queen West Opportunity - Turnkey Bar & Restaurant with Liquor License*** An exceptional opportunity to own a fully licensed, well-established bar and restaurant in one of Toronto's most vibrant and high-traffic neighborhoods-Queen West. This turnkey business is surrounded by dense residential and commercial developments, ensuring steady foot traffic year-round. Highlights: Fully renovated and thoughtfully designed to accommodate virtually any restaurant or bar concept. Features over $200,000 in recent upgrades, including like-new equipment and a flexible, modern layout. A garage-style glass door opens during the spring, summer, and fall, creating a bright, airy atmosphere filled with natural light, fresh air, and a lively connection to the street. Perfect for a variety of concepts, including private events, themed nights, or corporate reservations. Chef's kitchen featuring a 14-ft commercial hood vent, fire suppression system, walk-in cooler and freezer, multiple refrigerators, and a fully equipped secondary prep kitchen. Full high and dry basement offering ample additional storage-ideal for use as a prep kitchen, office, or extra workspace. Eligible for a Street Patio, adding seasonal curb appeal and seating capacity. Fully Integrated POS with tablets and delivery platforms (SkipTheDishes, Uber Eats, DoorDash) Ideal for dine-in, takeout, or delivery operations. Prime Location, surrounded by residential and commercial activity, with nearby subway and streetcar access. Lease Details: $14,300/month (including TMI & HST) Brand-new 5+5 lease from May 2026 No operational restrictions - Suitable for any cuisine, concept, or franchise. Perfect for owner-operators, family-run businesses, or brand expansions. Please do not go direct or speak to staff.
Details
| MLS # | C12935556 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 161 |
| Listing Provided By | CENTURY 21 NEW CONCEPT | C12935556 20002200 |
Features
| Bath(s) | 2 |
|---|---|
| SQ Feet | 1,800 |
| Acreage | 0.04 |
Interior
| Cooling | Yes |
|---|
Exterior
| Security Features | Yes |
|---|
Utilities
| Utilities | Yes |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|---|
| Tax Type | TMI |
| Tax Legal Description | PT LT 6 N/S QUEEN ST PL 65 TORONTO AS IN CA270658 EXCEPT THE EASEMENT THEREIN; CITY OF TORONTO |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto C01 |
| Postal Code | M5V 2B3 |
| Area | Kensington Chinatown |
| Listing VS Median (in M5V 2B3) | |
Price: $250,000 low | high Med: $3,150,000 sqft: 1,800 low | high Med: 5,819 $ / sqft: $139 low | high Med: $541 On site: 161 low | high Med: 638 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto C01 |
| Postal Code | M5V 2B3 |
| Area | Kensington Chinatown |
| Listing VS Median (in M5V 2B3) | |
Price: $250,000 low | high Med: $3,150,000 sqft: 1,800 low | high Med: 5,819 $ / sqft: $139 low | high Med: $541 On site: 161 low | high Med: 638 | |
