This is 2 ghost signs in 1, found on a building on Adelaide St W and probably soon to disappear behind another condo tower. The building was built in 1915 as the headquarters of Hugh Maclean Publications Limited and was their office here until 1953 when they moved to the suburbs. At that time a photographic reproduction firm, Gevaert Canada, moved in and painted their sign over the Maclean sign and they only stayed until 1959. Now both signs are visible. I'm not sure what the round image and the rectangular box in the upper left are but the the box has Gevaert written on it so it must be something photo related.
Taking part in Signs,Signs. Click here for more signs.