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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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490 Queen Street W Toronto C01
For SaleKensington-Chinatown

490 Queen Street W Toronto C01, Sale Of Business for Sale

MLS® C12935556

Kensington-Chinatown, Toronto, ON

221 days on market
$250,000
Show on Map
Show on Map
N/ABeds
2Baths
1,800Sqft
N/AParking
Sale Of Business

Overview· 490 Queen Street W Toronto

MLS® #C12935556

***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.

Broker

CENTURY 21 NEW CONCEPT

Neighbourhood

Kensington-Chinatown

Walk 100Avg $974KArea guide

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Schools9326 schools within 1.5 km · nearest 223 m26 schools within 1.5 km · nearest 223 m
Parks9112 parks within 1 km · nearest 144 m12 parks within 1 km · nearest 144 m
Convenience8252 groceries, cafes and pharmacies within 1 km · nearest 210 m52 groceries, cafes and pharmacies within 1 km · nearest 210 m
Safety1Safer than 1% of Toronto neighbourhoods (2025)Kensington-Chinatown: 4,254 incidents per 100,000 residents in 2025, across all crime types, ranked against 158 Toronto neighbourhoods. Toronto counts resident population only, so business and entertainment districts rank worse than residents experience. Source: Toronto Police Services.

Highlights & Amenities· 490 Queen Street W Toronto

Source: MLS® listing data
490 Queen Street W Toronto

Sale Of Business

490 Queen Street W Toronto

Kensington-Chinatown

Type

Sale Of Business

Parking

Other

Property Tax

~$0/yr

Heating

Gas Forced Air Closed

Buying Essentials

Square Feet

1800 sqft

Parking

Other

Finances

List Price

$250,000

Price per SQFT

$139/sqft

Property Tax

~$0/yr

Property Specs

Property Type

Sale Of Business

MLS Size

1800 sqft

Living & Amenities

Heating Type

Gas Forced Air Closed

Policies & Utilities

Neighbourhood

Kensington-Chinatown

Listed On

Mar 30, 2026

Price & Listing History

Days on Market

Current: 221 days

0306090120+

Rooms

Room information is not available for this listing.

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Mortgage Payment$1,006/mo
Total Monthly$1,006

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