502 Queen St W is a retail in Toronto, listed for $4,500,000.
1Prime Queen Street West Restaurant Opportunity.
2Discover 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.
3The space is fully built out and professionally fitted as a turnkey restaurant, allowing an incoming operator to open with minimal additional investment.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Toronto
About 502 Queen Street West
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.
Toronto retail priced at $4,500,000 — book a tour to see if it fits your search.
Inside 502 Queen St W
Every detail from the listing, in one place.
Type
Retail
Lot size
15.80 x 122.00 Feet
Features & systems
Lot & land
Lot dimensions
15.80 x 122.00 Feet
Lot size (sqft)
0
Listing & possession
Property class
Commercial Retail
502 Queen St W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13704106$4,500,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 502 Queen St W Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4987.8%On average, homes sold at or above asking.
Active listings12,139Homes for sale here right now.
Median vs prior 90 days0.0%Compared with Apr 29 – Jul 28, 2026.
Based on 9,511 sales from Jul 28 – Oct 26, 2026 (6,903 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
502 Queen St W is listed at $4,500,000 (MLS® C13704106). Summitly updates the price as soon as the MLS® record changes.
Has the price of 502 Queen St W changed?
No — 502 Queen St W is still listed at its original asking price of $4,500,000.
How many bedrooms and bathrooms does 502 Queen St W have?
The listing for 502 Queen St W doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
Is 502 Queen St W close to transit?
The nearest rapid-transit station is Osgoode Station (Line 1), about 1.2 km (about a 15-minute walk) in a straight line. St. Patrick Station is about 1.3 km (about a 16-minute walk), and St. Andrew Station is about 1.3 km (about a 17-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 502 Queen St W compare with other homes in Toronto?
Its asking price of $4,500,000 is about 436% above the median sold price in Toronto over the last 90 days, $840,000, across 9,511 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 502 Queen St W been sold before?
Summitly has no earlier MLS® sale or lease of 502 Queen St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 502 Queen St W?
502 Queen St W is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 502 Queen St W been on the market?
65 days — 502 Queen St W was listed on August 22, 2026.
What is the lot size of 502 Queen St W?
The lot measures 15.80 × 122.00 Feet, as published in the listing.
What is the land transfer tax on 502 Queen St W?
About $231,700 at the asking price of $4,500,000: $98,975 Ontario land transfer tax plus $132,725 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
How do I book a viewing of 502 Queen St W or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 502 Queen St W?
The listing for 502 Queen St W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
