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490 Queen St W, Toronto, ON

Real Estate

For Sale

Listed price in listed location currency (CAD).
$349,000

020
  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes 
Days Active 156
Approx. Age 
MLS® Number C12160366

Property Address: 490 Queen St W, Toronto, ON, M5V2B3

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberC12160366
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

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$XXX,XXXSold Price
Top Secret
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-End Date
Not Sold YetSold Price

For Sale

May 20, 2025List Date
$349,000List Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
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Destination Address
490 Queen St W, Toronto, ON

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