Thanks. I think in terms of the name, W.K. was addressing Coruscanti's question about Queen W being renamed The Queensway. In reality, that's not what happened.
The photo probably shows the
construction of the Queensway around the time that the Gardiner was being built. Previously, Queen W ran to King/Roncesvalles as it does now, connecting to 'Lake Shore Rd' (as it was), which ended up being south of the Gardiner. Lake Shore ran to the Humber, where it connected to what seems to have been called Queen St (no 'West') again.
At the same time (about 100 years ago), it appears that another Queen St existed west of Windermere to the Humber, north of Lake Shore, possibly where Windermere Pl is now, and was projected eastward across High Park to meet with Keele (Parkside) and Indian Rd. That obviously didn't come to be.
http://data2.archives.ca/e/e431/e010762219-v8.jpg
As for the Queensway name, it may have been connected to that of the South Kingsway (which is the southern stretch of Jane).