NewFor Sale

490 Queen Street W
Toronto C01, Toronto, ON, M5V 2B3

Sale Of Business
TRREB
MLS® Number: C12160366
$349,000List Price
Sale Of BusinessProperty Type
1,800 sq ftSize
RestaurantBusiness Type
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Property Location

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Listing History

Buy/sell history for 490 Queen Street W, Toronto C01, ON M5V 2B3

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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 Torontos 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. Chefs kitchen featuring commercial hood, 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: Incredibly Affordable: Only $14,290/month (including TMI & HST). Term: 1 year remaining + 5-year renewal option. Option: Negotiate a brand-new 5+5 lease for long-term stability. 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.

Features

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Amenities

No amenities available

Summary

Listing #:C12160366
Property Type:Sale Of Business
Size:1,800 sq ft
Land Size:17.91 x 104.5
Days on CPRB:
Garage:Other
Locker:None
On CPRB Since:
Listing Brokerage:CENTURY 21 NEW CONCEPT

Rooms

Details

Property

Property Type:Sale Of Business
Community:Kensington-Chinatown
Municipality:Toronto

Building

Size:1,800 sq ft

Inside

Bedrooms:0
Bathrooms:2
Kitchens:0
Family Room:No

Parking

Garage Type:Other
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Closed

Land

Cross Street:Queen St W/Spadina

$349,000

List price

490 Queen Street W, Toronto C01 – Sale Of Business for sale · MLS® # C12160366