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Active

490 Queen St W

Toronto C01, ON M5V 2B3

$250,000

490 Queen St W, Toronto C01Listed at $250,000, 2 bathroom Sale Of Business. MLS® C12935556.

2Baths
1,800Sq Ft
Bar/Tavern/Pub
Sale Of Business

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.

Price & Status History

Price history is locked

Business Details

Property Sub-TypeSale Of Business
Business TypeBar/Tavern/Pub
Property UseWithout Property
Occupant TypeTenant
Hours of Operation5PM-2AM
FranchiseNo
Chattels IncludedYes
Seating Capacity56
Full-Time Employees5
Financial StatementsAvailable
Showing RequirementsList Salesperson
Possession TypeFlexible
Listing Expires9/30/2026

Commercial Space & Financials

Retail Area1,800 Sq Ft

Industrial Specifications

Outside StorageNo

Property Details

Property TypeSale Of Business
CommunityKensington-Chinatown
Washrooms2
Lot Dimensions17.91 × 104.5 ft
Dir/Cross StQueen St W/Spadina
Garage TypeOther
Heating TypeGas Forced Air Closed
A/CYes
HSTNot Subject to HST
SecurityYes
Listed Date3/30/2026
Days on Market71 days
PossessionTBA
Vick Yogeswaran - REALTOR

Your agent: Vick Yogeswaran

REALTOR® · RE/MAX Realtron Realty Inc.

Same-day showings available

Property Insights

Listing Courtesy of: CENTURY 21 NEW CONCEPT

MLS® #C12935556

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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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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