Honest Ed’s closed for good on December 31, 2016, after Westbank purchased the property in 2013. By 2018, the iconic building and its thousands of glowing bulbs were gone, leaving behind an empty lot. For many Torontonians, the demolition marked the loss of more than just a discount store. It was the end of a beloved city landmark.
In its place now stands Mirvish Village, a mixed-use development featuring approximately 900 purpose-built rental homes across five buildings.
But beyond the new housing, the ground-level spaces offer much more, bringing a new chapter to the historic neighbourhood.
Markham Street’s historic houses have been restored, welcoming businesses like Pizzeria Badiali, Book Bar, and Blackbird Baking Co. Additionally, Pasta Basta and Cremma have been announced for the neighbourhood.
Meanwhile, the laneway between Markham and Bathurst has been transformed into Honest Ed’s Alley. The space is designed to feature 25 small retail spaces for independent businesses seeking flexible, short-term leases.
In July 2026, a restored vertical neon Honest Ed’s sign returned to Honest Ed’s Alley, surrounded by vintage-style bulbs near its original location. Notably, the sign predates the store’s famous 1984 circus-themed signage and was the first piece of its preserved signage to return.
The restored sign brings a touch of Honest Ed’s nostalgic charm back to the neighbourhood, offering visitors a glimpse of the landmark’s colourful past. Visit after dark to see it illuminated.
