Moncton's Castle Manor may soon have new owner
Realtor has accepted a conditional offer on the historic landmark building
Moncton's Castle Manor may soon have a new owner.
Realtor Kathy Guitard has accepted a conditional offer on the Gothic Revival-style structure, she told CBC News on Thursday.
The landmark building, located on Mountain Road, was listed at $699,000.
Guitard declined to discus any details, citing confidentiality.
The real estate listing has captured national attention.
Earlier this week, the website of the Vancouver newspaper The Province featured a story about the sale, showing the 19,000 sq. ft. building is more affordable than some bungalows in the city's east end.
"Due to tremendous interest, there may be backup offers received over the course of the next few weeks," Guitard stated in an email.
Castle Manor has been vacant for years. Guitard has estimated it would cost between $500,000 and $1.5 million to restore the building.
It was put up for public auction last May after the former owner defaulted on the mortgage, however there were no bids and it has been empty since.
It's currently owned by a development company in Toronto.