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490 Queen Street W, Toronto, ON M5V 2B3

Toronto C01, ON, M5V 2B3 · Kensington-Chinatown

2 Baths
Sq Ft
Sale Of Business Type
C12935556 MLS#

About this property

***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.

Features & Amenities

  • Garage: Other
  • Cooling: Yes
  • Heat Type: Gas Forced Air Closed

Property Details

Property Type Commercial
Property Sub-Type Sale Of Business
Bathrooms 2
Garage Other
Heat Type Gas Forced Air Closed
Cooling Yes
Tax Year 2025

Building & Construction

Building Area Total
1800

Heating & Cooling

Heat Type
Gas Forced Air Closed
Cooling
Yes

Parking & Garage

Garage Type
Other

Lot & Land

Lot Size Units
Feet
Lot Depth
104.50
Lot Width
17.91

Financial & Tax

Tax Year
2025
Possession Type
Flexible
Possession Details
TBA

Utilities & Services

Water Source
None
Utilities
Yes

Additional Details

Occupant Type
Tenant
County Or Parish
Toronto
Cross Street
Queen St W/Spadina
Directions
Queen St W/Spadina
Showing Requirements
List Salesperson

Location

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

Listing courtesy of CENTURY 21 NEW CONCEPT
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