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Active

$4,500,000

502 Queen St W

Toronto C01, ON M5V 2B3

502 Queen St W, Toronto C01Listed at $4,500,000 Commercial Retail. MLS® C13704106.

Possession · seller's timeline

Flexible (Flex)

3,070Sq Ft
Hospitality/Food Related
Commercial Retail
$48,000Taxes/yr · 2025

Description

Prime Queen Street West Restaurant Opportunity. Discover an exceptional turnkey restaurant opportunity in the heart of Toronto's highly sought-after Queen West neighborhood, ideally located between Spadina Avenue and Bathurst Street. The space is fully built out and professionally fitted as a turnkey restaurant, allowing an incoming operator to open with minimal additional investment. All owned equipment, fixtures, and essential restaurant infrastructure are included in the sale. The property has been exceptionally well maintained and features numerous upgrades over the years, including a full building sprinkler system and an upgraded gas line. Rear lane access offers convenient loading and servicing, enhancing day-to-day restaurant functionality. Current status: Leased through July 2027. The buyer must assume the tenant for the remaining lease term. Don't miss this chance to join one of Toronto's most vibrant and desirable commercial districts.

Property Details

Property TypeCommercial Retail
CommunityKensington-Chinatown
Lot Dimensions15.18 × 122 ft
Dir/Cross StQueen/Portland
Garage TypeNone
Heating TypeGas Forced Air Open
A/CYes
SewersStorm Available
Taxes (2025)$48,000
HSTIn Addition To
SecurityYes
Listed Date8/22/2026
Days on Market28 days
PossessionFlex

Business Details

Property Sub-TypeCommercial Retail
Business TypeHospitality/Food Related
Property UseMulti-Use
Occupant TypeTenant
FranchiseNo
Chattels IncludedNo
Financial StatementsNot Available
Showing RequirementsShowing System, List Salesperson
Possession TypeFlexible
Listing Expires12/31/2026

Commercial Space & Financials

Retail Area3,070 Sq Ft

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Property Insights

Listing Courtesy of: RE/MAX ACE REALTY INC.

MLS® #C13704106

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 Commercial Retail 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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