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RE/MAX Premier Inc., Brokerage logo

Suzan McKenzie

RE/MAX Premier Inc., Brokerage

1885 Wilson Avenue Ste 200A, Toronto, Ontario, M9M1A2

Phone: 416-743-2000

Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

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MLS# C12935556Kensington-Chinatown, Toronto · M5V 2B3
For SaleSale Of Business

490 Queen Street W

$250,000
2 Bath1,800 sqft$139/sq ft21d on market
MLS# C12935556Kensington-Chinatown, Toronto · M5V 2B3
For SaleSale Of Business

490 Queen Street W

$250,000

$139/sq ft · 21 days on market

Bedrooms
—
Bathrooms
2 Bath
Size
1,800 sq ft
Parking
None

Listing History — This Unit

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Mar 30, 2026(20d ago)·21 DOM
$250,000
Active
CENTURY 21 NEW CONCEPT
C12935556Current
Jan 01, 2024
$000,000Terminated

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Jan 01, 2024
$000,000Terminated

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Jan 01, 2024
$000,000Terminated

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Jan 01, 2024
$000,000Terminated

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Jan 01, 2024
$000,000Terminated

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About This Listing

***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.

Property Details

MLS NumberC12935556
Property TypeSale Of Business
StyleWithout Property
Listing TypeFor Sale
StatusActive
Bathrooms2
Size1,800 sq ft
Parking TypeOther
Days on Market21
Listed2026-03-30
CommunityKensington-Chinatown
MunicipalityToronto
Cross StreetQueen St W/Spadina

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Listing provided by CENTURY 21 NEW CONCEPT

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MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

This listing content is not intended to solicit properties already listed for sale or individuals who are currently under contract with a brokerage.

Data last updated: April 19, 2026 at 03:43 p.m.