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$154,900

246 Queen St W

Toronto C01, ON M5V 1Z7

246 Queen St W, Toronto C01 — Listed at $154,900, 4 bathroom Sale Of Business. MLS® C13652704.

4Baths
1,800Sq Ft
Restaurant
Sale Of Business
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Description

An exceptional turnkey, fully stacked restaurant opportunity in the heart of Toronto's highly sought-after Entertainment District, offering an incredible location surrounded by a constant flow of residents, professionals, tourists, and entertainment seekers. Positioned directly across from the former CityTV building and with TTC access at the doorstep, the property enjoys outstanding visibility and consistent pedestrian traffic throughout the day and into the evening. The area is surrounded by high-rise condominiums, office buildings, retail, theatres, and an impressive variety of restaurants and international cuisines, making it an extremely vibrant and diverse dining destination. The fully built-out restaurant provides a modern, functional space with professional kitchen infrastructure, allowing a new operator to significantly reduce the time and cost associated with opening a restaurant from scratch. With approximately 6 years remaining on the existing lease, plus 2 additional 5+5 renewal options, this is a rare opportunity to bring your own culinary concept to one of downtown Toronto's busiest and most exciting corners. $30,510 per month, including TMI/HST & Water. Multi-cuisine options available.

Property Details

Property TypeSale Of Business
CommunityKensington-Chinatown
Washrooms4
Dir/Cross StQueen West and John Street
Garage TypeNone
Heating TypeGas Forced Air Open
A/CYes
HSTIn Addition To
Listed Date8/7/2026
Days on Market97 days
PossessionTBD

Business Details

Property Sub-TypeSale Of Business
Business TypeRestaurant
Property UseWithout Property
Occupant TypeTenant
Hours of Operation11 AM - 11 PM
FranchiseNo
Chattels IncludedYes
Seating Capacity10
Full-Time Employees10
Financial StatementsNot Available
Showing RequirementsLockbox
Possession TypeFlexible
Listing Expires12/7/2026

Commercial Space & Financials

Retail Area1,800 Sq Ft

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Listing Courtesy of: RE/MAX NOBLECORP REAL ESTATE

MLS® #C13652704

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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HouseIndex Take: 246 Queen Street W

This sale of business is located in the Kensington-Chinatown neighbourhood of Toronto.

The home offers 4 bathrooms.

About Toronto Real Estate

This Sale Of Business is located in the Kensington-Chinatown community in Toronto. Toronto is Canada's largest city and the economic hub of the Greater Toronto Area. With world-class transit, diverse neighbourhoods from the Annex to Scarborough, and proximity to major employers in the Financial District, it remains the most sought-after real estate market in Ontario. Buyers benefit from extensive GO Transit and TTC subway connectivity.

TTC subway & streetcar networkWorld-class dining & entertainmentUniversity of Toronto & major hospitals nearbyWaterfront trails & ravine parks
Walkability: Highly walkable — many neighbourhoods score 80+ on Walk Score
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