ON > Toronto C01 > Kensington-Chinatown
Toronto C01, ON M5V 2B3,490 Queen ST W
Toronto C01, ON M5V 2B3,490 Queen ST W
Toronto C01, ON M5V 2B3,490 Queen ST W
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$349,000
Est. payment /mo
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2 Baths
1,800 SqFt
Active

490 Queen ST W Toronto C01, ON M5V 2B3

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $193

Subdivision Kensington-Chinatown

MLS Listing ID C12160366

Tax Year 2024

Property Sub-Type Sale Of Business

Property 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 Torontos 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. Chefs kitchen featuring commercial hood, 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: Incredibly Affordable: Only $14,290/month (including TMI & HST). Term: 1 year remaining + 5-year renewal option. Option: Negotiate a brand-new 5+5 lease for long-term stability. 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.

Location

Province ON

County Toronto

Community Kensington-Chinatown

Area Toronto

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 17.91

Lot Depth 104.5

Listed by CENTURY 21 NEW CONCEPT
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Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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490 Queen ST W

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