490 Queen Street, Toronto C01, ON

$250,000
MLS#:C12935556
0 beds
2 baths
Commercial
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Description

Property Highlights

Welcome to this remarkable [] sale of business located in the coveted neighborhood of Kensington-Chinatown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $250,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 2 Bathrooms
  • Premium 17.91 x 104.5 ft lot size
  • Features a [] basement, adding superb versatility for recreation, a home gym, or extra storage
  • Convenient other garage included
  • equipped with ["yes"] central cooling and highly efficient gas forced air closed heating

***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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Key Features

Bathrooms
2
Property Type
Commercial

Additional Details

StatusActive
Listed Date3/30/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeSale Of Business
Lot Size17.91 × 104.5 Feet
CountyToronto
Annual Tax$0
Legal DescriptionPT LT 6 N/S QUEEN ST PL 65 TORONTO AS IN CA270658 EXCEPT THE EASEMENT THEREIN; CITY OF TORONTO

Parking & Garage

Garage TypeOther

Heating & Cooling

Heat TypeGas Forced Air Closed
Cooling["Yes"]

Features

Property Features

Community Features

Location

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490 Queen Street, Toronto C01, ON
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Property History

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This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 490 Queen Street W, Toronto C01, ON M5V 2B3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$200,000
Monthly Mortgage$1,162
Property Tax (Est.)$0
Utilities & Maint.$350
Total Monthly Cost$1,512

Strategic Fiscal Clarity

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