Gorgeous licensed restaurant opportunity in the heart of Parkdale, ideally situated on the sunny north side of Queen Street West. Currently operating as Armonia Pasta Bar, a popular Italian restaurant, this business is available with training or offers flexibility for rebranding into a different concept, cuisine, or franchise. The space comprises approximately 1,400 sq ft and is licensed for 30 seats. It features a full commercial kitchen equipped with a 12-foot hood, two walk-in coolers, and ample additional prep space located downstairs. A full bar is positioned at the rear, while the front retail and dining area allows for additional seating and strong street presence. The restaurant is offered with a highly attractive lease rate of $5,664 gross rent including TMI, with 2+ 5 years remaining. This is an excellent opportunity to secure a turnkey restaurant in a sought-after Queen Street West location. Please do not go direct or speak to staff or ownership.
Address
1316 Queen Street W
List Price
$199,000
MLS® Status
New
Expiration Date
2026-04-30
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
Sale
Area
Toronto W01
Sub-Area
Roncesvalles
Region
Toronto
Bathrooms
4
Lot Depth
140.92
Lot Type
Lot
Lot Size Units
Feet
Lot Width
16.88
Total Building Area
1400
Occupant Type
Tenant
Cross Street
Queen St W & Dufferin St
MLS® Number
W12709546
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Basement
Yes
Postal Code
M6K 1L4
Posession Details
TBD
Parking Spaces
2
Tax Year
2025
Site Influences
Public Transit, Subways
Community Features
Public Transit, Subways
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Closed
Cooling Features
Yes
Garage Type
Street
Tax Legal Description
PT LT 6 PL 294 TORONTO PT 1 AND 2, 63R1711, T/W AND S/T CA297638; S/T EXECUTION 00-004120, IF ENFORCEABLE; S/T EXECUTION 00-004728, IF ENFORCEABLE; S/T EXECUTION 00-009014, IF ENFORCEABLE; S/T EXECUTION 03-000055, IF ENFORCEABLE; S/T EXECUTION 99-008515, IF ENFORCEABLE; CITY OF TORONTO
Security Features
No
Sewer
Sanitary+Storm
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