566 Queen Street West, Toronto | Image 1

566 Queen Street West

Toronto, Kensington-Chinatown

  • Commercial

$2,650,000
For Sale

Added 1 day ago

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  • Type: Store W/Apt/Office

  • Property Type: Commercial

  • Zoning: CR3 (c2;r2*1385)

  • Age: No Data

  • Taxes: 36870.94

  • MLS®#: C11987595

  • Added: Feb 25, 2025 (1 day ago)

  • Updated:

  • Last Checked: 8 hours ago

  • Listed By: ROYAL LEPAGE REAL ESTATE SERVICES KATY TORABI

Prime Queen St. West Property - Turnkey Bar & Restaurant with Renovated Apartments Located in the heart of Queen St. West, this exceptional property offers a rare opportunity for both end-users and savvy investors. Whether you're looking to operate your own business or secure a long-term income-generating asset, this space checks all the boxes. Main Floor Fully designed and equipped bar and restaurant, ready for immediate operation. Nearly new, high-quality kitchen and bar equipment in excellent condition. Valid liquor license included, making this space a ready-to-go business. Second Floor Three newly renovated one-bedroom units with separate entrance door on Queen St , perfect for rental income or staff accommodations. Additional Features Roof replaced in 2017.Full Basement available for storage or expansion. New Mitsubishi double-head heat pumps for each of the three second-floor units. HVAC System tailored for the restaurant.5 separate hydro meters for efficient management of utilities. This turn-key property underwent extensive renovations in 2018, providing a perfect balance of operational readiness and long-term investment potential. Don't miss this incredible opportunity to own a piece of one of Toronto's most sought-after neighbourhoods.

Property

  • Status: Sale

  • Property Type: Store W/Apt/Office

  • Property Type: Store With Apt/Office

  • Area: Toronto

  • Community: Kensington-Chinatown

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT PARKLT 18 CON 1 FTB TWP OF YORK AS IN CA761746 EXCEPT THE EAS

  • Taxes: $36,871

  • Taxes Type: Annual

Land

  • Cross Street: Queen and Spadina Av

  • Municipality District: Toronto C01

  • Parcel Number: 212370105

  • Sewer: None

  • Lot Depth: 144.41 Feet

  • Lot Frontage: 20.72 Feet

  • Lot Irregularities: PIES OUT TO 24.46, 14

  • Zoning: CR3 (c2;r2*1385)

Additional Media

  • Virtual Tour: https://www.winsold.com/tour/389694

Commercial Specific

  • Retail Area: 2000

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 3900

  • Total Area Metric: Sq Ft

  • Office Size: 1900

  • Office Size Metric: Sq Ft

  • Area Influence: Public Transit

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: N

  • Lot Code: Lot

  • Survey: N

  • Financial Statement: N

  • LLBO: Y

Walker's Paradise

  • Daily errands do not require a car.
100 /100

Rider's Paradise

  • Daily errands do not require a car.
100 /100

Biker's Paradise

  • Daily errands do not require a car.
99 /100
4-8

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ALPHA Alternative Junior School

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Niagara Street Junior Public School

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0.56 km
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Charles G Fraser Junior Public School

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St Mary Catholic School

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1.75 km
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