These photos compare the view south from the Wallace Ave. footbridge. The first photo was taken in July 1985, when the Old Bruce Service Track (formerly Toronto, Grey & Bruce railway) was still being used by local industries. The building on the left was the old Nacan Products (National Adhesives) factory, and on the top-right you can see GO Transit's Bloor Station platform. The tracks also serviced Solways scrap metals.
In the current view, taken on May 9 2010, the GO train station is still there, but the Old Bruce Service Track has been ripped up and replaced by the West Toronto Railpath. The Nacan factory has been converted into residential loft condos (Wallace Station Lofts), and there are no longer any railway tracks leading into Solways. However, if you walk down the Railpath past Solways, take a close look at the fence betwen Solways and the Brownstones on Bloor: You'll see remnants of that old track poking through the trees. Update: As of 2013, Solways and the track remnant are gone.
Speaking of trees: The massive tree of heaven next to the Wallace Ave. footbridge partially obscures this view now. I'm glad I took the "now" photo early enough in the spring before the leaves completely obscured it.
Much has changed in the last 15 years. For more history about the Toronto Grey & Bruce railway, please visit Old Time Trains (trainweb.org). Many thanks to Gord Billinghurst and Old Time Trains for the historical writeup, and allowing me to use this photo here.