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Listing data is provided under license from the Toronto Regional Real Estate Board (TRREB). TRREB assumes no responsibility for the accuracy of the information contained herein. Data is updated periodically and may not reflect the most current market activity. Not intended to solicit buyers or sellers currently under contract. MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

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MLS# C12972592Kensington-Chinatown, Toronto · M5V 1Z7
For SaleCommercial Retail

242 Queen Street W

$3,299,000
3,870 sqft$852/sq ft4d on market
One Six Nine LoftsbyHarhay Construction Management Ltd
MLS# C12972592Kensington-Chinatown, Toronto · M5V 1Z7
For SaleCommercial Retail

242 Queen Street W

One Six Nine LoftsbyHarhay Construction Management Ltd

$3,299,000

$852/sq ft· Bldg avg $820/sq ft · 4 days on market

Bedrooms
—
Size
3,870 sq ft
Parking
None

Listing History — This Unit

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Apr 07, 2026(4d ago)
For Sale

$3,299,000

4 DOM
CUSHMAN & WAKEFIELD·MLS# C12972592
Current
Jan 01, 2024Terminated
$000,000

(Sign-in required)

Jan 01, 2024Terminated
$000,000

(Sign-in required)

About This Listing

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).

Property Details

MLS NumberC12972592
Property TypeCommercial Retail
StyleMulti-Use
Listing TypeFor Sale
StatusActive
Size3,870 sq ft
Parking TypeLane
Property Tax$40,125.43/yr
Days on Market4
Listed2026-04-07
CommunityKensington-Chinatown
MunicipalityToronto
Cross StreetQueen Street W between John St & McCaul directly across Bell HQ

One Six Nine Lofts

Red Bricks Data

by Harhay Construction Management Ltd · 169 John Street

10 Storeys45 SuitesCompleteWalk 100Transit 100

Maint. Fees

0.00

Occupancy

2007

Live MLSFor Sale: 2 · $820/sqft
Pets AllowedElevatorPublic TransitParking GarageBBQsEnter Phone System
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Listing provided by CUSHMAN & WAKEFIELD

Based on information from the Toronto Regional Real Estate Board (TRREB). All information deemed reliable but not guaranteed and should be independently verified. The accuracy of information is not guaranteed, has not been verified, and does not constitute professional advice.

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MLS®, REALTOR®, and the associated logos are certification marks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

This listing content is not intended to solicit properties already listed for sale or individuals who are currently under contract with a brokerage.

Data last updated: April 10, 2026 at 09:40 a.m.