I had a long talk with the seller this weekend -- he lives not far from me. Not much English, he's a French speaker.
He bought this NOS vintage Torpado from what was Montreal's first and legendary bike shop, Cycles Baggio, now closed. Baggio started up in the late 50s-early 60s in Montreal's Little Italy. They were Torpado dealers but this frame stayed there unsold for decades, in original wrapping (now removed).
The seller acquired a vintage Torpado dealer's sign at the same time.
Too bad this frame isn't my size! I used to train with the Baggio gang back in the late 70s and I can recall how common Torpados were around here in my youth.
Emanuel Lowi
Montreal, Quebec