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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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502 Queen Street W Toronto C01
For SaleKensington-Chinatown

502 Queen Street W Toronto C01, Commercial Retail for Sale

MLS® C13704106

Kensington-Chinatown, Toronto, ON

77 days on market
$4,500,000
Show on Map
Show on Map
N/ABeds
N/ABaths
3,070Sqft
N/AParking
Commercial Retail

Overview· 502 Queen Street W Toronto

MLS® #C13704106

Prime Queen Street West Restaurant Opportunity. Discover an exceptional turnkey restaurant opportunity in the heart of Toronto's highly sought-after Queen West neighborhood, ideally located between Spadina Avenue and Bathurst Street. The space is fully built out and professionally fitted as a turnkey restaurant, allowing an incoming operator to open with minimal additional investment. All owned equipment, fixtures, and essential restaurant infrastructure are included in the sale. The property has been exceptionally well maintained and features numerous upgrades over the years, including a full building sprinkler system and an upgraded gas line. Rear lane access offers convenient loading and servicing, enhancing day-to-day restaurant functionality. Current status: Leased through July 2027. The buyer must assume the tenant for the remaining lease term. Don't miss this chance to join one of Toronto's most vibrant and desirable commercial districts.

Inclusions

A Sprinkler System Was Installed Throughout The Entire Building. The Building Also Features A Fully Functional Basement.

Broker

RE/MAX ACE REALTY INC.

Neighbourhood

Kensington-Chinatown

Walk 100Avg $974KArea guide

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Walk Score®100Walker's ParadiseWalker's Paradise
Transit Score®100Rider's ParadiseRider's Paradise
Bike Score®100Biker's ParadiseBiker's Paradise
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· 502 Queen Street W Toronto

Source: MLS® listing data
502 Queen Street W Toronto

Commercial Retail

502 Queen Street W Toronto

Kensington-Chinatown

Type

Commercial Retail

Parking

None

Property Tax

~$48,000/yr

Heating

Gas Forced Air Open

Buying Essentials

Square Feet

3070 sqft

Parking

None

Finances

List Price

$4,500,000

Price per SQFT

$1,466/sqft

Property Tax

~$48,000/yr

Property Specs

Property Type

Commercial Retail

MLS Size

3070 sqft

Living & Amenities

Heating Type

Gas Forced Air Open

Policies & Utilities

Neighbourhood

Kensington-Chinatown

Listed On

Aug 22, 2026

Price & Listing History

Days on Market

Current: 77 days

0306090120+

Rooms

Room information is not available for this listing.

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Nearby Schools

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$18,100/mo
Property Tax$4,000/mo
Total Monthly$22,100

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0