502 Queen Street W
502 Queen Street W
$4,500,000
$1,466/sq ft · 1 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $19,606 |
| Property Tax (MLS) | $4,000 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $23,606 |
Down payment: $900,000 (20.0%) · Mortgage: $3,600,000
Property tax uses MLS annual tax of $48,000/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by RE/MAX ACE REALTY INC.
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Data last updated: August 22, 2026 at 09:17 p.m.