544 Queen Street W

Kensington-Chinatown, Toronto, M5V 2B5

$590,000

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  • 1 bathrooms

Listed today · MLS® C14100046

About this home

***Lots of potential for growth in this well-established, profitable, environmentally friendly dry-cleaning business at 544 Queen Street West*** with high current sales serving hotel accounts, dry cleaners, convention centres, and walk-in customers. Increased sales Y-O-Y (2025 to 2026). All equipment fully owned-none leased, none rented. Full depot customer-facing storefront on busy Queen Street with complete plant on-site garment-care production, shirt-finishing and pressing equipment, boilers, commercial washers, and dryers to serve commercial B2B clients, which include dry cleaners, hotels, and convention centres. An amazing opportunity for an owner-operator or an existing garment-care business seeking an additional location. Seller will train buyer on how to operate and grow this successful business.

Details

Type
Sale Of Business
Garage
Outside/Surface
Neighbourhood
Kensington-Chinatown
Municipality
Toronto C01

Interior

Bathrooms
1 × bathroom

Heating, cooling and services

Heating
Gas Forced Air Closed
Water and sewer
Sanitary
Utilities
Yes

Building and exterior

Building area
1,942 Square Feet

More

Possession
TBD
Cross street
Queen St & Bathurst St
Business type
Dry Cleaning/Laundry

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Osgoode Subway1.4 km
  • 🚇 St. Patrick Subway1.4 km
  • 🚆 Exhibition GO1.8 km

Within a 10-minute walk: 23 grocery stores, 398 cafés and restaurants, 17 parks, 21 pharmacies. Nearest grocery: Queens Fruit Market & Plants (50 m). Nearest park: The Alex Wilson Community Garden (150 m).

Schools nearby

Elementary

  • St. Mary Catholic School Catholic
    EQAO: Gr 6 reading 100%, math 38%
    4 min walk
  • Ryerson Community School
    EQAO: Gr 6 reading 65%, math 26%
    6 min walk
  • ALPHA Alternative Junior School6 min walk
  • Charles G Fraser Junior Public School
    EQAO: Gr 6 reading 95%, math 71%
    8 min walk

Secondary

  • Downtown Vocal Music Academy of Toronto Private6 min walk
  • Oasis Alternative Secondary School7 min walk
  • Heydon Park Secondary School
    EQAO: Gr 9 math 8%
    16 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 Kensington-Chinatown (2025): 126% above the Toronto average, down 13% from the year before.

  • Assault163% above average
  • Break and enter134% above average
  • Auto theft47% below average
  • Robbery146% above average
  • Theft from vehicles302% above average
  • Shootings169% 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 30 active

  • 689 KING ST W · 450 m
    Official Plan / Zoning By-law Amendment · Application Received · applied 2026
    Proposed 30-storey mixed-use development, comprised of hotel uses on the first 13-storeys, including a restaurant and 251 hotel suites, and residential uses…
    Application details
  • 539 KING ST W · 450 m
    Plan of Condominium · Under Review · applied 2025
    Draft Plan of Standard Condominium for 439 units.
    Application details
  • 451 ADELAIDE ST W · 350 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
  • 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
  • 8 CAMDEN ST · 500 m
    Site Plan · Under Review · applied 2023
    Site Plan Application to permit a 19-storey mixed use building with retail space on the ground floor and 200 residential units above.
    Application details

31 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): 2 km. Transit times · Driving times

Coming transit

  • 🚧 King West GO Transit400 m
  • 🚧 Chinatown 500 m
  • 🚧 Osgoode 1.3 km

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

No building permits at this address since 2014.

12 permits on this block of the street in the last 2 years.

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

Trees

40 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 REMAX CONNECT REALTY.

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

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