Space
Finished area and layout
- Building Area
- 3,870 sqft
+60 more
3,870 sqft
Building Area
Property Snapshot
Key details for this listing
MLS #C12972592
Property
Type, style and structure
- Type
- commercial
- Style
- commercial retail / Mixed Use
Lot
Land, frontage and setting
- Zoning
- CR3(c2;r2*2387)
Costs
Price, taxes and monthly charges
About This Property
This commercial retail in Toronto offers 3,870 sqft of building area. The property has zoned CR3(c2;r2*2387). The home features partial.
MLS Remarks
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).
Full Listing Details
Address242 Queen Street W, Toronto, ON M5V 1Z7
MLS#C12972592
Listing StatusPrice Change
Property TypeCommercial
Sub-TypeCommercial retail
TransactionSale
List DateApr 7, 2026
Days on Market201
Annual Tax$40,125 (2025)
Possession DetailsImmediate
StyleMixed Use
CityToronto
ProvinceOn
Postal CodeM5V 1Z7
ZoningCR3(c2;r2*2387)
CoolingPartial
SecurityPartial
UtilitiesYes
Annual Tax$40,125 (2025)
Business TypeRetail Store Related
Queen St W between John St & McCaul directly across from Bell HQ
Looking for Something Similar?
We can help you find properties matching your criteria, including exclusive listings not yet on the market.
Save favorites, track showings, view sold data & get market alerts — Free account — 100% free
