Toronto, ON · M5V 1Z7 · MLS® C12972592Updated
$3,199,000
242 Queen St W is a retail in Toronto, listed for $3,199,000.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
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).
Toronto retail priced at $3,199,000 — book a tour to see if it fits your search.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
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Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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Closed sales on the TRREB MLS®.
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Listing brokerage: CUSHMAN & WAKEFIELD, BrokerageMLS® C12972592 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
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Based on 9,624 sales from Jul 26 – Oct 24, 2026 (6,804 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
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242 Queen St W is listed at $3,199,000 (MLS® C12972592). Summitly updates the price as soon as the MLS® record changes.
Yes — it was first listed at $3,299,000 and is now $3,199,000, a drop of $100,000 (3.0%).
The listing for 242 Queen St W doesn't publish its bedroom and bathroom count. It is a commercial property in Toronto.
The nearest rapid-transit station is Osgoode Station (Line 1), about 350 m (about a 4-minute walk) in a straight line. St. Andrew Station is about 540 m (about a 7-minute walk), and St. Patrick Station is about 560 m (about a 7-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $3,199,000 is about 279% above the median sold price in Toronto over the last 90 days, $845,000, across 9,624 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 242 Queen St W on record from the last two years. Older records aren't shown under TRREB rules.
242 Queen St W is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
200 days — 242 Queen St W was listed on April 7, 2026.
About $136,681 at the asking price of $3,199,000: $66,450 Ontario land transfer tax plus $70,231 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
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The listing for 242 Queen St W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Toronto.
The listing for 242 Queen St W doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
