Prime Queen Street West Restaurant Opportunity. Discover an exceptional turnkey restaurant opportunity in the heart of Toronto's highly sought-after Queen West neighborhood, ideally located between Spadina Avenue and Bathurst Street. The space is fully built out and professionally fitted as a turnkey restaurant, allowing an incoming operator to open with minimal additional investment. All owned equipment, fixtures, and essential restaurant infrastructure are included in the sale. The property has been exceptionally well maintained and features numerous upgrades over the years, including a full building sprinkler system and an upgraded gas line. Rear lane access offers convenient loading and servicing, enhancing day-to-day restaurant functionality. Current status: Leased through July 2027. The buyer must assume the tenant for the remaining lease term. Don't miss this chance to join one of Toronto's most vibrant and desirable commercial districts.
Address
502 Queen Street W
List Price
$4,500,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Toronto C01
Sub-Area
Kensington-Chinatown
Region
Toronto
Lot Depth
122
Lot Type
Lot
Lot Size Units
Feet
Lot Width
15.18
Parcel Number
212370190
Total Building Area
3070
Occupant Type
Tenant
Cross Street
Queen/Portland
MLS® Number
C13704106
Listing Brokerage
RE/MAX ACE REALTY INC.
Basement
Yes
Postal Code
M5V 2B3
Posession Details
Flex
Tax Amount
$48,000.00
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Type
Gas Forced Air Open
Cooling
Yes
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 7 N/S QUEEN ST PL 65 TORONTO AS IN CA682063; CITY OF TORONTO
Security Features
Yes
Sewer
Storm Available