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Last Updated : 45 Days ago
490 Queen Street W, Toronto, ON, Kensington-Chinatown
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490 Queen Street W, Toronto MLS Number: C12645370

Kensington-Chinatown, Toronto, ON, M5V 2B3

$349,000

Status: For Sale

  • 2 Baths
  • Property Type: Commercial (Sale Of Business)
  • Property Taxes : $0.0 (Tax Year:2024)
  • Listing Courtesy : Century 21 New Concept

490 Queen Street W 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 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.

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490 Queen Street W Property Facts

Property Type :Commercial
MLS Number :C12645370
Listing Type :Sale
Possession Date :
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Last Updated :21 Dec, 2025 (45 Days ago)
Source :Toronto Regional Real Estate Board
Area :Toronto
Postal Code : M5V 2B3
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490 Queen Street W Property Price & Tax Insights

Price : $349,000
Property Taxes :$0.0
Tax Year :2024

490 Queen Street W, Toronto Property Details

Air Conditioning :Yes
Heating :Gas Forced Air Closed
Cross Street :Queen St W/Spadina
Bathrooms :2

490 Queen Street W, Toronto - Price History

2025-12

21 Dec, 2025

TREB #C12645370

Listed

$349000.0

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490 Queen Street W - Location Map and Landmarks

  • Osgoode Subway, Toronto 1.18 km
  • St Patrick Subway, Toronto 1.29 km
  • St Andrew Subway, Toronto 1.3 km
  • Queen'S Park Subway, Toronto 1.57 km
  • Union Train Station, Toronto 1.68 km
  • Union Station Subway, Toronto 1.7 km
  • Union Go Station, Toronto 1.72 km
  • Queen Subway, Toronto 1.82 km
  • King Subway, Toronto 1.86 km
  • Billy Bishop Toronto City Airport, Toronto 1.88 km
  • Oasis Alternative Secondary School, Toronto 0.33 km
  • Alpha Alternative Junior School, Toronto 0.33 km
  • St Mary Catholic Elementary School, Toronto 0.38 km
  • Ryerson Community School, Toronto 0.39 km
  • Ogden Junior Public School, Toronto 0.52 km
  • Charles G Fraser Junior Public School, Toronto 0.69 km
  • Niagara Street Junior Public School, Toronto 0.74 km
  • Heydon Park Secondary School, Toronto 0.93 km
  • Ocad University - Abovegrd Art Supplies, Toronto 0.95 km
  • Ocad University - Main Building, Toronto 0.96 km
  • University Health Network - Toronto Western, Toronto 0.69 km
  • Toronto Western Hospital, Toronto 0.71 km
  • Krembil Research Institute, Toronto 0.78 km
  • University Health Network - Toronto Rehabilitation Institute, Toronto 1.3 km
  • Sinai Health System - Mount Sinai, Toronto 1.35 km
  • Mount Sinai Hospital, Toronto 1.36 km
  • Princess Margaret Hosp, Toronto 1.41 km
  • 80 Workman Way, Toronto 1.41 km
  • University Health Network - Princess Margaret Cancer Centre, Toronto 1.42 km
  • Mount Sinai Hospital Special Pregnancy Program, Toronto 1.45 km
  • Shoppes On Queen West, Toronto 0.08 km
  • Riocan, Toronto 0.39 km
  • Chinatown Centre, Toronto 0.4 km
  • China City Supermarket, Toronto 0.51 km
  • Dragon City Mall, Toronto 0.53 km
  • Kai Wei Supermarket, Toronto 0.54 km
  • Lusitania Grocery Ltd, Toronto 0.54 km
  • Ho Long Supermarket, Toronto 0.55 km
  • Kitchen Table, Toronto 0.57 km
  • Oriental Harvest, Toronto 0.63 km
  • Queen Street West and Portland Street, Toronto 0.05 km
  • Augusta Avenue and Queen Street West, Toronto 0.1 km
  • Portland Street and Richmond Street West, Toronto 0.11 km
  • Augusta Avenue and Richmond Street West, Toronto 0.14 km
  • Portland Street and Adelaide Street West, Toronto 0.25 km
  • Bathurst Street and Queen Street West, Toronto 0.26 km
  • Adelaide Street West and Bathurst Street, Toronto 0.36 km
  • Queen Street West and Spadina Avenue, Toronto 0.39 km
  • King Street West and Portland Street, Toronto 0.4 km
  • Richmond Street West and Spadina Avenue, Toronto 0.41 km
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FAQs: 490 Queen Street W, Toronto

  • Q: Does this Project 490 Queen Street W available for Sale ?

    A: The project 490 Queen Street W is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 490 Queen Street W is Offering?

    A:Square Yards is giving a Cashback of $1,745 if you buy this property from us, however there are several key features offered by the 490 Queen Street W. You get + Beds with 2 Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 490 Queen Street W, Toronto?

    A: 490 Queen Street W, Toronto comes with + Beds for maximum convenience and space. There are 2 baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Toronto, On?

    A:Toronto, ON is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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