$349,000
Available - For Sale
Listing ID: C12160366
490 Queen Stre West , Toronto, M5V 2B3, 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 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. |
| Price | $349,000 |
| Taxes: | $0.00 |
| Tax Type: | TMI |
| Occupancy: | Tenant |
| Address: | 490 Queen Stre West , Toronto, M5V 2B3, Toronto |
| Postal Code: | M5V 2B3 |
| Province/State: | Toronto |
| Legal Description: | PT LT 6 N/S QUEEN ST PL 65 TORONTO AS IN |
| Directions/Cross Streets: | Queen St W/Spadina |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Without Property |
| Use: | Restaurant |
| Total Area: | 1800.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Business/Building Name: | Comma |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 5pm-2am |
| Employees #: | 8 |
| Seats: | 56 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 2 |
| Outside Storage: | F |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Water: | None |
| Water Supply Types: | None |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| CENTURY 21 NEW CONCEPT |
|
|
Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Toronto |
| Municipality: | Toronto C01 |
| Neighbourhood: | Kensington-Chinatown |
| Baths: | 2 |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
