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Home ON Greater Toronto Area Toronto Old Toronto Alexandra Park
490 QUEEN STREET W
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490 QUEEN STREET W $349,000
5 days ago
$349,000
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490 QUEEN STREET W
Toronto (Kensington-Chinatown), Ontario M5V2B3

MLS® Number: C12645370
2
Bathrooms
1800
Square Feet

Listing 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. (41844011)

Location Description

Queen St W/Spadina

Property Summary

Property Type
Business
Square Footage
1800 sqft
Community Name
Kensington-Chinatown
Land Size
Unit=17.91 x 104.5 FT
Annual Property Taxes
$0
Time on REALTOR.ca
5 days

Building

Bathrooms
Total
2
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Restaurant (Restaurant/pub)

Measurements

Square Footage
1800 sqft

Land

Lot Features
Frontage
17 ft ,10 in
Land Depth
104 ft ,6 in
Other Property Information
Zoning Description
Business Commercial
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KELLI LEE