$3,299,000
$852/sq ft· Bldg avg $820/sq ft · 13 days on market
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Landmark end-user/investment opportunity in a prime high-traffic Queen St W location between John and McCaul Streets. Ground floor retail currently leased to Dragon Vape, one of Canada's largest e-cigarette suppliers, secured with corporate covenant via wholesale operations. Vacant possession of retail available on closing for end users. Direct sightlines to Bell Media HQ provide rare on-air visibility and strong pedestrian traffic. Previously leased to John Fluevog and Wine Rack at premium rents. Upper levels include two large semi-attached 3-bedroom apartments with stable month-to-month tenants and rooftop decks/patios. 3rd floor currently accessed through 2nd floor unit with potential to combine into a large 2-floor, 6-bedroom apartment or reconfigure to increase rents. Bonus high, dry basement (not included in total square footage), large rear parking, and double-door shipping access with potential for future expansion due to unused lot area. Excellent transit access including multiple streetcar routes and the future Ontario Subway Line, providing walkable access to Queen / Spadina and Osgoode Stations with connections across the city and GO Transit (estimated completion 2030).
242 Queen Street W
Closest publicly funded schools within 5 km
Source: Ontario Ministry of Education · straight-line distances
Nearest rapid transit and bus stops
Source: TTC GTFS · straight-line distances · routes shown are short names
878 within a 10-min walk · 2844 within 20 min · click a card to see the closest ones
© OpenStreetMap contributors · counts are amenities tagged in OSM within walking distance
Listing provided by CUSHMAN & WAKEFIELD
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Data last updated: April 19, 2026 at 03:42 p.m.