A Heritage Toronto plaque in the northwest corner describing the history and significance of the park was installed in 2007.

The building housed a police station, a community hall, a public library branch, as well as the market sellers of fresh produce and butchers.

[4] The southern section of the Market was used as a public park since the 1880s, becoming "St. Andrew's Playground" in 1909, "the first City of Toronto property dedicated to, and equipped for supervised children's play.

[3][6] However, due to low attendance and resulting lack of vendor interest, the market did not return the following year.

Most of the existing building will be repurposed into a retail food hall and other uses (YMCA), and 13 floors of apartments are to be built above.