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Last Updated : 174 Days ago
490 Queen Street W, Toronto, ON, Kensington-Chinatown

490 Queen Street W, Toronto MLS Number: C12935556

Kensington-Chinatown, Toronto, ON, M5V 2B3

$250,000

Status:

  • 2 Baths
  • Property Type: Commercial (Sale Of Business)
  • Property Taxes : $0.0 (Tax Year:2025)
  • 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 :C12935556
Listing Type :Sale
Possession Date :
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Last Updated :30 Mar, 2026 (174 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 : $250,000
Property Taxes :$0.0
Tax Year :2025

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

2026-03

30 Mar, 2026

TREB #C12935556

Listed

$250000.0

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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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