The butcher opened his first shop on the north side Bloor Street in 1960. It later moved to the other side of the street.
Today, the shop named for the founder at Bloor Street West and Ossington Avenue currently has a sign in the window advising of his passing.
Gasparro died on Friday, after a long battle with cancer. He was 77 years old.
Click on the video to see a full report from the CBC's Kate Adach about Gasparro, his business and the many people mourning his death.