I’m pretty sure this is the construction of the Kappock St overpass/underpass.
Here’s a 1940 aerial, showing the Berrian Farmhouse at the far right. This is not a familiar angle on this well photographed house, but almost matches the mystery photo. Edgehill Church is near the center for reference. Villa Charlotte Bronte is at center top.
This 1940 aerial also shows reason to think it lines up with the mystery photo. All three buildings are in this photo, but the angle spreads them out quite a bit compared to the mystery photo.
Berrian Farmhouse at far left. Henry Hudson Monument at right.