Offers are accepted until October 18 and must be at least $239,000
It is a cinema, a bar and a restaurant. Now a historic building is up for sale for taxes.
Tenders for the building at 33 Cedar Street S. are being accepted at Service Timmins at City Hall until Tuesday, October 18 at 3:00 p.m. Tenders will open at 3:15 p.m., according to the City of Timmins’ tax sale notice.
Built in the 1940s, the building housed the Victory Theater until the early 1990s entertained a generation of people after it was transformed into Amigos nightclub and, more recently, Cheapsters restaurant.
The value of the property, according to the last appraisal, is $415,000. The minimum bid for the property is $239,698.32.
Tenders must be accompanied by a deposit of at least 20% of the amount of the tender. Full rules for those interested in bidding are available here. A map of the area is here.
RELATED: City takes steps to protect historic properties
Recently, work is underway to create a municipal heritage register and protect historic properties.
There is no historical designation for the old Victory Theatre. The Municipal Heritage Committee has, however, identified it as a site of possible cultural heritage value or interest.