Sale Of Business for sale at 490 Queen Street, Toronto, Ontario, M5V 2B3 - Kensington-Chinatown - MLS: C12935556

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490 Queen Street

Toronto, Ontario, M5V 2B3 - Kensington-Chinatown

$250,000

Neighbourhood

Kensington-Chinatown
Major Intersection

Queen St W/Spadina

Just listed
Last update: today

Overview

Property Type

Sale Of Business, Without Property
Bedrooms

n/a
Bathrooms

2
Basement

Y
Kitchen

n/a
Total Parking

n/a
Lot Size

17.91x104.5 (Feet)
Taxes

n/a
Type

Commercial

Property Description

Property description for 490 Queen Street, Toronto

***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.

Listed by CENTURY 21 NEW CONCEPT

Property details

MLS #

C12935556
Sq. Ft

1800
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

Other
Total Parking

n/a
Family Room

n/a
Den

n/a
Exterior

n/a
Fireplace

n/a
Roof

n/a
Foundation

n/a
Elevator

None
Water View

n/a
Laundry Level

n/a
Heat

Gas Forced Air Closd
A/C

Y
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

C12935556
Sq. Ft

1800
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

Other
Total Parking

n/a
Family Room

n/a
Den

n/a
Exterior

n/a
Fireplace

n/a
Roof

n/a
Foundation

n/a
Elevator

None
Water View

n/a
Laundry Level

n/a
Heat

Gas Forced Air Closd
A/C

Y
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 490 Queen Street, Toronto

This property has been sold 29 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total