490 Queen Street, Toronto, ON M5V 2B3

Toronto C01 M5V 2B3 Ontario

MLS: C12160366

$349,000

Added 9 days ago | For Sale

Listed by: CENTURY 21 NEW CONCEPT

About Property

***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 Torontos 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. Chefs kitchen featuring commercial hood, 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: Incredibly Affordable: Only $14,290/month (including TMI & HST). Term: 1.5 year remaining + 5-year renewal option. Option: Negotiate a brand-new 5+5 lease for long-term stability. 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.

Features

  • House Style:Sale Of Business
  • Bathrooms:2
  • Land Size: 17.91 X 104.5
  • Water:Municipal
  • Garage Spaces: /Other
  • Driveway:
  • Heating Fuel:
  • Cross Street:Queen St W/Spadina
  • Basement: ,
  • Possession Date:TBA
  • Annual Property taxes:
  • Bedrooms:
  • Total Parking Spaces:
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  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:C12160366

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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