Then. Southwest corner of Church and Court Streets. Imperial Oil Building, Toronto, circa 1917. Clinton & Russell, Architects. J. A. Havill, Resident Architect.

Very pleasing proportions, but the architects knew what they were doing.
http://en.wikipedia.org/wiki/Clinton_and_Russell

Now. June 2011. Presently a condo of — guessing here — late-'80s vintage. I don't know when the Imperial Oil Building bit the dust, but many parcels of land in this area remained/have remained undeveloped for decades-long periods. The opposite corner of Church and Court, the NW corner, is a case in point.