246 Queen Street W
246 Queen Street W
$154,900
$86.06/sq ft · 2 days on market
About This Listing
An exceptional turnkey, fully stacked restaurant opportunity in the heart of Toronto's highly sought-after Entertainment District, offering an incredible location surrounded by a constant flow of residents, professionals, tourists, and entertainment seekers. Positioned directly across from the former CityTV building and with TTC access at the doorstep, the property enjoys outstanding visibility and consistent pedestrian traffic throughout the day and into the evening. The area is surrounded by high-rise condominiums, office buildings, retail, theatres, and an impressive variety of restaurants and international cuisines, making it an extremely vibrant and diverse dining destination. The fully built-out restaurant provides a modern, functional space with professional kitchen infrastructure, allowing a new operator to significantly reduce the time and cost associated with opening a restaurant from scratch. With approximately 6 years remaining on the existing lease, plus 2 additional 5+5 renewal options, this is a rare opportunity to bring your own culinary concept to one of downtown Toronto's busiest and most exciting corners. $30,510 per month, including TMI/HST & Water. Multi-cuisine options available.
| Monthly Mortgage (P&I) | $675 |
| Property Tax (est.) | $84 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $759 |
Down payment: $30,980 (20.0%) · Mortgage: $123,920
Property tax rate: 0.65%. 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 NOBLECORP REAL ESTATE
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Data last updated: August 23, 2026 at 06:25 a.m.