490 Queen St W, Kensington-Chinatown, Toronto, Ontario
MLS® Number: C12935556

Key Facts
Bathrooms
2
Square Feet
1800
Property Type
Sale Of Business
Style
Without Property
Our team is available 7 days a week from 9am to 9pm EST
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.
Listing History
| Date | Price | Status |
|---|---|---|
| 29 days ago | $1,650 | New |
| 5 months ago | $1,650 | Exp |
| 3 months ago | $349,000 | New |
| 8 months ago | $1,690 | Sus |
| 10 months ago | $4,580,000 | Ter |
| 10 months ago | $349,000 | Ter |
| over 1 year ago | $4,399,000 | Ter |
| over 1 year ago | $1,680 | Sus |
| over 1 year ago | $4,850,000 | Sld |
| almost 2 years ago | $1,800 | Sus |
| almost 2 years ago | $1,700 | Sus |
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