The building at 665 King Street West in May 2017.
The southeast corner of Bathurst and King Streets is slated for redevelopment. The early-20th-century building on the site has survived for over a century, but is soon to meet the wrecker’s ball as it is in an area that is exploding demographically.
The four-storey red-brick structure was erected between the years 1901 and 1902. On its completion, the Canada Biscuit Company owned by Thomas McCormick occupied the site, but remained on the premises for only two years. It was vacant for the next two years. For the following two years (1907 and 1908) the Smith Baggs and Heaven Company rented the property. In 1909, the Anglo-Canadian Leather Company and Sanitol Chemical Laboratory Company shared the building. The latter company manufactured hygienic products, including tooth powder and toilet paper.
In 1913, the Anglo-Canadian Leather Company and the Reliance Knitting Company shared the structure. However, in 1923, the Bank of Montreal opened a branch on the ground-floor, facing King Street. The bank branch closed in 2000.
The Banknote Bar opened shortly after 2000, taking its name from the fact that legal tender, known as bank notes, was representative of the previous occupant of the space. The Bank Note Bar had no connection with the British American Bank Note Company, which distributed paper bills and coins from the Canadian mint to the various banks throughout the city. This arrangement commenced after 1935, when the Bank of Canada was created. Previously, each bank printed its own bank notes.
It is a pity that the building the Banknote Bar occupies will not survive, except for its north facade. The city and developers have not learned that destroying heritage structures is a losing proposition—both environmentally and financially. If a heritage building is recycled, labour costs are higher but the cost of materials is less. This is an environmental win and a job stimulus for the city. The developers’ total costs are only slightly higher, despite their argument to the contrary, although it requires more time to include a heritage property within a project. However, developers win big time when the spaces within the projects are either sold or rented. People and businesses pay increased prices as the sites are deemed more desirable.
Gazing west on King Street toward Bathurst and King Streets on April 13, 1927. The building where the Bank of Montreal was located is visible in the distance, on the left-hand side of the photo. The turret on the Wheat Sheaf Tavern can also be seen at Bathurst, on the southwest corner. There are houses on the north side of King Street. Toronto Archives, S 0071, item 4810.
Looking east on King Street from the corner of King and Bathurst on August 25, 1972. The Bank of Montreal occupies the space where the Banknote Bar is located today (2017). Toronto Archives, Fonds 1526, Fl 0074, item 0037.
The Banknote Bar in May 2017. The building at 665 King Street is an handsome structure and deserves to be protected from demolition.
The north facade on King Street in 2017, the only part of the building that will survive. The large stones on the ground floor create the impression of pillars, this heavy, fortified appearance typical of banks in 1920s.
Entrance to the building on King Street West
An entranceway with ornate brickwork on the west facade facing Bathurst Street, likely used by other tenants that rent space within.
Architectural detailing on the southwest corner of the structure.
Interior of the Banknote Bar with its pine beams. This is the space where the Bank of Montreal was located from 1923 to 2000.
The door of the vault of the Bank of Montreal in the Banknote Bar
Diagram of the redevelopment of the site at Bathurst and King Streets. The view gazes south on Bathurst Street, the spire of St. Mary’s Catholic Church in the foreground. This diagram does not show the two other heritage buildings on the corners of Bathurst and King, so its appears as if the redevelopment of the site is a suitable match.
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Books by the Blog’s Author
“Toronto’s Theatres and the Golden Age of the Silver Screen,” explores 50 of Toronto’s old theatres and contains over 80 archival photographs of the facades, marquees and interiors of the theatres. It relates anecdotes and stories by the author and others who experienced these grand old movie houses.
To place an order for this book, published by History Press:
Book also available in most book stores such as Chapter/Indigo, the Bell Lightbox and AGO Book Shop. It can also be ordered by phoning University of Toronto Press, Distribution: 416-667-7791 (ISBN 978.1.62619.450.2)
Another book on theatres, published by Dundurn Press, is entitled, “Toronto’s Movie Theatres of Yesteryear—Brought Back to Thrill You Again.” It explores 81 theatres and contains over 125 archival photographs, with interesting anecdotes about these grand old theatres and their fascinating histories. Note: an article on this book was published in Toronto Life Magazine, October 2016 issue.
For a link to the article published by Toronto Life Magazine: torontolife.com/…/photos-old-cinemas-doug–taylor–toronto-local-movie-theatres-of-y…
The book is available at local book stores throughout Toronto or for a link to order this book: https://www.dundurn.com/books/Torontos-Local-Movie-Theatres-Yesteryear
Another publication, “Toronto Then and Now,” published by Pavilion Press (London, England) explores 75 of the city’s heritage sites. It contains archival and modern photos that allow readers to compare scenes and discover how they have changed over the decades.
Note: a review of this book was published in Spacing Magazine, October 2016. For a link to this review:
For further information on ordering this book, follow the link to Amazon.com here or contact the publisher directly by the link below: