Hudson's Bay operates seven flagship stores in five provinces. The largest of the five, the Toronto store building on the southwest corner of Yonge Street and Queen Street West, was converted from Simpsons in 1991. It currently occupies , while of previously-occupied space was converted to the Canadian Saks Fifth Avenue flagship store in 2016. Hudson's Bay Company sold the building to Cadillac Fairview, which owns the adjacent Toronto Eaton Centre, in 2014 and entered into a leaseback agreement through at least 2039. Conversely, the Ottawa store on Rideau Street occupies and is the smallest flagship that remains in a landmark building; it was converted from Freimans in 1973.