490 Queen Street W
Kensington-Chinatown
Toronto
M5V 2B3
$349,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- C12645370
- Bus Major:
- Restaurant
- Photos (23)
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***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.
- Property Type:
- Commercial
- Property Sub Type:
- Sale Of Business
- Total Area:
- 1800 sq. ft. Square Feet
- Total Area:
- 1,800 sq. ft.167 m2
- Retail Area:
- 1800 sq. ft. Sq Ft
- Lot Depth:
- 104'6"31.9 m
- Lot Frontage:
- 17'11"5.46 m
- Bathrooms:
- 2.0
- Water supply:
- Municipal
- Zoning:
- Business Commercial
- Heating type:
- Gas Forced Air Closed
- Garage:
- Other
- Possession Details:
- TBA
- HST Applicable To Sale Price:
- Not Subject to HST
- Type Taxes:
- TMI
- Taxes:
- $0 / 2024
- Assessment:
- $- / -
- Toronto
- Toronto C01
- Kensington-Chinatown
- None
- Water Supply Types:
- None
- Utilities:
- Yes
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- Yes
- Financial Statements:
- Yes
- Expenses Actual/Estimated:
- Estimated
- Year Expenses:
- 2024
- Major Business Type:
- Restaurant
- Category:
- Without Property
- Franchise:
- No
- Days Open:
- Open 6 Days
- Hours Open:
- 5PM-2AM
- Employees:
- 5
- Chattels:
- Yes
- LLBO:
- Yes
- Outside Storage:
- No
- Seats:
- 56
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Listed by CENTURY 21 NEW CONCEPT
Data was last updated December 21, 2025 at 09:15 PM (UTC)
- JDL Realty
- JDL REALTY INC., BROKERAGE
- 905-731-2266
- Contact by Email
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