$250,000
FOR SALE

Business for Sale

Bar/Tavern/Pub

Lot: 17.91 x 104.5 ft

490 Queen St W
Toronto, ON M5V 2B3 | Kensington-Chinatown

***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.
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Listed By CENTURY 21 NEW CONCEPT
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C12935556
Last Updated Mar 30, 2026
Property Summary
Property Type Business For Sale

More like this:
Use Bar/Tavern/Pub
Franchise Non-Franchise
PIN 212370195
Legal Description PT LT 6 N/S QUEEN ST PL 65 TORONTO AS IN CA270658 EXCEPT THE EASEMENT THEREIN; CITY OF TORONTO
Possession Date TBA
Directions/Cross Streets Queen St W/Spadina
Neighbourhood Kensington-Chinatown
Area Toronto
Price History

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Detailed Information
Bathrooms 2
Lot 17.91 x 104.5 ft
Air Conditioning Yes
Basement Basement
Chattels Y
Garage Type Other
Heat Type Gas Forced Air Closed
Financial Statement Y
Water None
Seller Property Info Statement Y

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