***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.
Address
490 Queen Street W
List Price
$349,000
MLS® Status
New
Expiration Date
2026-06-20
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
Sale
Area
Toronto C01
Sub-Area
Kensington-Chinatown
Region
Toronto
Bathrooms
2
Lot Size Source
GeoWarehouse
Lot Depth
104.5
Lot Type
Unit
Lot Size Units
Feet
Lot Width
17.91
Total Building Area
1800
Occupant Type
Tenant
Cross Street
Queen St W/Spadina
MLS® Number
C12645370
Listing Brokerage
CENTURY 21 NEW CONCEPT
Basement
Yes
Postal Code
M5V 2B3
Posession Details
TBA
Tax Year
2024
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
Other
Tax Legal Description
PT LT 6 N/S QUEEN ST PL 65 TORONTO AS IN CA270658 EXCEPT THE EASEMENT THEREIN; CITY OF TORONTO
Water Source
None