Thank you again for all the comments
Due to the amazing warm period today I was outside in 14c (57f) weather and started cleaning the bike. Only rust of note seems to be underside of the bottom bracket where serial number was stamped. When I removed the front wheel I discovered I will have to eat my words. There was numbers on the front drop outs. Front right had what looks like 47161 while the left front had only A 66. Whomever chose the stamping patterns for this bike probably designed the Maginot line.
Having said that it seems in amazing condition and I may have to test out that "red hot Toronto bike market" I hear about all the time and see if someone (I'd guess 5'3-5'5) is looking for a fine vintage ride preferably one with a 65cm Paramount and looking to trade.....