Government of Canada building expected to be sold this year
The sale of the historic Government of Canada building in downtown Red Deer is anticipated to happen later this year.
That according to Brett Salomons, Partner at Salomons Commercial in Red Deer who says it went on the market several months ago after the federal government deemed the property as surplus.
“CRA (Canada Revenue Agency), who is the current tenant until March 31, 2020, they will be vacating, so I don’t believe the federal government had any other divisions that could occupy the space,” he says. “There’s a historical significance to the property – the building’s brick on the outside and its façade, it’s all protected.”
Salomons says the building, which is now an historical resource, is being marketed as an investment property for possible redevelopment.