Oh, well here's some promising news. The city "intends to designate" beautiful Victoria Row on King Street East, justjust west of Church. They've got a notice up on their website here. I stumbled across the news while I was actually looking for a page I could link to about how those buildings might be at risk. (Hopefully, all goes well — and they don't, say, mysteriously burn down like some of Toronto's other about-to-be-saved properties have had a habit of doing.)
The Row was originally designed all the way back in the 1840s by John Howard, one of Toronto's most important old-timey architects and amateur painters, who is also the guy who gave us High Park. It's been updated over the years. It played a vital role on King Street back in the days when it was our city's earliest main street. And it's still full of shops and restaurants and even the Albany Club (the secretive official Conservative Party hangout, which I wrote about here). This photo is from around 1890, when a statue of Queen Victoria was part of the facade.