Home ›Listings ›Toronto ›C12935556

490 Queen Street Toronto C01 ON

📍 Toronto, Ontario M5V 2B3

$250,000

Active
2BATHS
17.91×104.5LOT (FT)

📋 Listing Highlights

StatusActive
MLS®C12935556
ListedMar 30, 2026
Days on Market—
Property TypeCommercial
StyleSale Of Business
Cross StreetQueen St W/Spadina
PossessionTBA

📝 Listing 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 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 Details

Property TypeCommercial
StyleSale Of Business
Bathrooms2

📐 Lot & Land

Lot Width17.91 ft
Lot Depth104.5 ft
Cross StreetQueen St W/Spadina

🔧 Building & Utilities

HeatingGas Forced Air Closed
CoolingYes
GarageOther

🧮 Mortgage Calculator

$50,000
Est. Monthly Payment
$1,228/mo
Principal: $200,000 · P+I only
Does not include taxes, insurance or CMHC
Listing provided by CENTURY 21 NEW CONCEPTData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #C12935556 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.