QB Lofts, 692 Queen St E: Five Large, Self-Managed Suites Near Broadview

QB Lofts is about as small as a Toronto condominium gets: five suites, two storeys, and no management company. It sits on Queen Street East at the Riverside end of Leslieville, close to Broadview, and every suite is larger than 1,100 square feet. If you want a big loft-style home on Queen East without a tower around it, this is one of the very few options, and it asks more of you as an owner than almost any building I review. I’m Jatin Dua, RE/MAX Quantum Realty.

Five suites and no property manager

The defining fact about QB Lofts is scale. With five suites, the condominium corporation is effectively five households sharing a roof, a front door and a budget. Condos.ca lists it as self-managed, which means the owners themselves arrange insurance, repairs, bookkeeping and the annual meeting rather than paying a management company to do it.

Self-management keeps costs down and decisions quick when owners get along. It also means there is no professional manager to chase arrears, keep the reserve fund study current or make sure the paperwork meets the Condominium Act. Before you buy, find out who does each of those jobs today and how long they plan to keep doing it.

The developer is recorded only as a holding company named for the address, 692 Queen Street Holding. I could not find a public history for the project, its architect, or whether it is a conversion or new construction, so treat the loft label as a style rather than a confirmed heritage story.

Big floor plans on a low building

Condos.ca puts suite sizes at roughly 1,148 to 1,565 square feet. In this part of the city, that is two-bedroom-plus and three-bedroom territory, and it is well above the typical one-bedroom in the newer mid-rises along Queen East and Broadview.

On a two-storey building, every suite is close to the ground and close to the street. That has real advantages: no waiting for elevators, a house-like sense of arrival, and fewer neighbours above and below you. It also means street noise and privacy at grade deserve a careful look, because Queen Street East is a busy streetcar route.

Condos.ca tags the building with a pet restriction and notes that barbecues are permitted. I would read the declaration and rules for the exact pet terms rather than relying on a tag, especially if you have a larger dog.

Queen and Broadview, and the Ontario Line next door

This stretch of Queen Street East sits between the Don Valley and Broadview, where the Riverside strip runs into Leslieville. You are close to the restaurants, cafes and shops of both, and the Don Valley trails are just to the west.

The bigger change is the Ontario Line. Metrolinx is building an elevated Leslieville station over Queen Street East between Broadview and Carlaw. According to blogTO, column construction is scheduled from September 2026 to May 2027, with superstructure work starting in late 2027 and finishing work running into 2029. The province has not committed to an opening date beyond the 2030s.

In plain terms, the next few years along this part of Queen will include construction noise, lane changes and streetcar disruptions. In the longer run, a rapid transit station nearby should help values. If you are a long-term owner, the construction years are the price of that future benefit; if you plan to sell within two or three years, factor the disruption into your timing.

QB Lofts or a Riverside townhouse?

Most people who look at QB Lofts are also looking at freehold row houses and semis on the side streets off Queen and Broadview. The comparison is useful. A freehold gives you land and full control, but also the full cost of every roof, furnace and porch repair, and usually stairs over three floors.

A suite here gives you a similar amount of living space with the exterior shared between five owners. The fee is modest because the building is simple and self-run, but you trade some control: changes to windows, doors or outdoor space go through the corporation, and the declaration sets the rules on pets and leasing.

If you are torn between the two, ask yourself whether you would rather manage a house alone or a small building with four neighbours. Both are reasonable answers; they just suit different people.

Pricing a building that almost never trades

Condos.ca shows an average of about $425 per square foot here. I would not lean on that number. With only five suites, the average can rest on one or two sales, and it may be years old; it sits well below what I would expect for large suites on Queen Street East today.

There were no active listings when I checked, so there is no current asking range to quote either. The honest way to value a suite here is to compare it with recent sales of similar size in nearby low-rise lofts and with freehold townhouses in Riverside and Leslieville, then adjust for the self-managed structure.

On fees, condos.ca lists only common elements and water as included. Heat, hydro and parking are not listed, so budget for your own utilities and confirm what the fee covers on the status certificate. For recorded sale figures, see the data panel on this page or ask me for a building sold report.

Building specifications

Amenities at QB Lofts

There are no shared amenities to speak of, which is exactly what keeps a five-suite building affordable to run. The gym, the party room and the parks are all out on Queen Street and in the Don Valley.

Jatin’s honest take on QB Lofts

QB Lofts — frequently asked questions

Looking at Leslieville, Riverdale, the Beaches, Danforth and Leaside more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.