Collingwood’s Victoria Annex up for sale
The Victoria Annex property is for sale.
The former school site is located at 400 Maple St. and is currently zoned for residential development.
The property, owned by Victoria Annex Development Corporation, is part of the receivership filing of Paramount Equity Fund that includes properties across Ontario.
Grant Thornton was appointed the receiver in August 2017 and documents show the property is mortgaged to $2.6 million.
The site has had two previous development proposals including condominium and town homes.
According to the listing at realtor.com, the deadline to submit bids is July 18 at 5 p.m., and the current starting bid is $1.
After an in-camera session on May 14, council directed its lawyer to file a court motion to determine if the town can proceed with designating the property under the Ontario Heritage Act.