I was just about to post the exact same thing. Although I wouldn't even go back as far as 10 years..The transformation has happened very fast.
IMHO, the gentrification from the south has already morphed the socio-economic dynamics of the intersection, and I don't see that intersection being as "scary" (as is being referred as) as it was five years ago.
And in five years,with the properties shown below, the south-side of queen east across the park, and Britian Street all transforming, I could see it being quite attractive and inviting.
Another example is the transformation of St James Park.