Orillia city council rubber stamps the final step in the sale of a former train station at 150 Front Street South.
The City-owned property was determined to not have a municipal use and was therefore deemed surplus to the City’s needs in 2011.
“Council recognized the unique heritage features of the former train station and has protected these features by designating the property through the Ontario Heritage Act prior to sale. The purchaser, Tim Chow, presented Council with several potential opportunities for redevelopment of the site and we look forward to seeing this property revitalized.”Orillia Mayor Steve Clarke
The property was most recently listed for sale in October 2018 at a listing price of $900,000 with a deadline for offers of January 11th.
Several offers were received before one offer was selected by Council for further negotiations.
Council passed the by-law authorizing the sale of the property to Chow on May 6th.
Details, such as the terms of the agreement and purchase price, will remain confidential until the property sale closes on November 1st.