489 Queen Street W 201

Waterfront Communities C1, Toronto, M5V 2B4

$24/mo

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  • 1 bathrooms

Listed 33 days ago · MLS® C13795426

About this home

Exceptional 2nd-floor retail/studio/office space in the heart of vibrant Queen West. Beautifully renovated while maintaining its authentic character, the space features exposed brick, abundant natural light, and upgraded HVAC, plumbing and electrical systems. A bright, versatile layout offers endless possibilities for a variety of creative, retail or professional uses. Freight elevator access at the rear provides added convenience for deliveries and operations. A unique opportunity to establish your business in one of Toronto's most dynamic and highly sought-after neighbourhoods.

Details

Type
Office
Garage
None
Property tax
$13 (2026)
Neighbourhood
Waterfront Communities C1
Municipality
Toronto C01

Interior

Bathrooms
1 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Closed
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
2,309 Square Feet

Rental terms

Minimum term
24 months

More

Possession
Immediate
Cross street
Queen & Spadina
Business type
Professional Office

Location

Location is approximate. See nearby homes on the map

The neighbourhood

Getting around Very walkable

  • 🚇 Osgoode Subway16 min walk
  • 🚇 St. Andrew Subway17 min walk
  • 🚆 Toronto Union Station GO1.5 km

Within a 10-minute walk: 24 grocery stores, 499 cafés and restaurants, 20 parks, 24 pharmacies. Nearest grocery: Fresh Picked Fresh Produce & Flowers (150 m). Nearest park: St. Andrew's Playground (200 m).

Schools nearby

Elementary

  • ALPHA Alternative Junior School4 min walk
  • Ogden Junior Public School
    EQAO: Gr 6 reading 77%, math 53%
    5 min walk
  • Ryerson Community School
    EQAO: Gr 6 reading 65%, math 26%
    7 min walk
  • St. Mary Catholic School Catholic
    EQAO: Gr 6 reading 100%, math 38%
    9 min walk

Secondary

  • Oasis Alternative Secondary School4 min walk
  • Downtown Vocal Music Academy of Toronto Private7 min walk
  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%
    13 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area M5V

Owners / renters
42% / 58%
Median household income
$91,000
Average age
35
Children under 15
6%
Homes
0% detached, 97% high-rise
Commute by transit
23%
Population
59,912

Languages spoken most at home besides English: Mandarin 3.7%, Spanish 1.5%, Yue (Cantonese) 1%, Hindi 1%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Major crime per resident in Wellington Place (2025): 31% above the Toronto average, down 8% from the year before.

  • Assault52% above average
  • Break and enter55% above average
  • Auto theft57% below average
  • Robberyabout average
  • Theft from vehiclesabout average
  • Shootings30% above average

Crime Severity Index for Toronto police: 60 vs 57 for Ontario (2025).

Police-reported figures for the whole neighbourhood, not this street. Rates use the area’s resident population.

Development nearby 41 active

  • 489 KING ST W · 400 m
    Plan of Condominium · Under Review · applied 2025
    Draft Plan of Standard Condominium for 439 units.
    Application details
  • 445 ADELAIDE ST W · 250 m
    Official Plan / Zoning By-law Amendment · Appeal Received · applied 2025
    Zoning By-law Amendment for a 17-storey (59.65m including mechanical penthouse) hotel containing 144 suites.
    Application details
  • 111 PETER ST · 450 m
    Official Plan / Zoning By-law Amendment · Council Approved · applied 2024
    Zoning By-law Amendment for a new 52-story residential tower atop of the existing 9-story office building with ground-floor retail. This design includes 852…
    Application details
  • 111 PETER ST · 450 m
    Site Plan · Under Review · applied 2024
    Site Plan Approval for a new 52-story residential tower atop of the existing 9-story office building with ground-floor retail. This design includes 852…
    Application details
  • 71 PORTLAND ST · 500 m
    Site Plan · Under Review · applied 2024
    Proposed mixed-use building containing 1,058 units, 23-storey and 27-storey towers atop a nine-storey base building.
    Application details
  • 71 PORTLAND ST · 500 m
    Site Plan · Under Review · applied 2024
    Proposed 40-storey, 123 metre, mixed-use building containing 413 residential units.
    Application details

48 more within 500 m.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Neighbourhood crime: Toronto Police Service Public Safety Data Portal (Open Government Licence – Toronto Police Service). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 1 km. Transit times · Driving times

Coming transit

  • 🚧 Chinatown 150 m
  • 🚧 King West GO Transit550 m
  • 🚧 Osgoode 1000 m

Stations under construction or approved. Opening dates are the latest public estimates and often move.

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

What can be built CR

Commercial Residential (with a site-specific exception).

From Toronto’s Zoning By-law 569-2013 map. Lot size, setbacks and trees decide what actually fits; check with a planner before you buy.

Full lot check · Run the numbers

Heritage Protected

This address is on Toronto’s Heritage Register: Heritage Conservation District (Part V) (2007). Changes to the outside (and sometimes inside) usually need a heritage permit, and demolition is restricted.

Heritage Register entry

Building permits

  • Interior Alterations · 2024 · Revision Issued
    REVISION 01: MODIFICATIONS IN ULC LISTED KITCHEN HOOD SIZE - FROM 12' 0" TO 14' 0"INTERIOR ALTERATION TO SUITE NEW PROPOSED RESTAURANT,…
  • Underpinning · 2021 · Closed
    Proposal for underpinning of existing multi use building
  • Interior Alterations · 2019 · Closed
    Construct interior alterations for kitchen, washroom and partion wall
  • Interior Alterations · 2018 · Closed
    Proposed: Interior Alteration - New drywall ceiling (109 sq m) in unit 202
  • Fire Alarm · 2016 · Closed
    Proposal to supply and install a new fire alarm control panel system; run new wiring and connect (14) new sprinkler zones to the new fire…

11 permits on this block of the street in the last 2 years, including 1 new home.

Permits filed with the City of Toronto. A permit doesn’t mean the work passed final inspection.

Trees

45 City street trees within 100 m, mostly honeys. That’s about the Toronto average of 42.

Trees on City boulevards only, not private yards or parks.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Zoning, heritage, building permits and street trees: City of Toronto open data (Open Government Licence – Toronto). Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by KELLER WILLIAMS REALTY CENTRES.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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