Anyway, it turns out that someone else has already done the legwork, and Ports Toronto has confirmed that the platform is actually a "jack-up barge" for the Ashbridges Bay Treatment Plant Outfall (ABTPO). That will mean very little to most people, but ABTPO is part of Toronto's wastewater treatment and purification system, and the barge is constructing risers for a 3.5km underwater tunnel or pipeline that will transport (clean, treated and disinfected) wastewater from the Ashbridges Bay plant out into the middle of the lake, where it will be safely discharged.
The project is expected to continue until mid-2023, so we will be seeing its ever-changing profile for some time to come. It's a shame really: I still prefer my own theory of a beneficent alien civilization much better.
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