THUNDER BAY – The Finnish Labour Temple is on the open market and the asking price is a cool $599,000.
The century-old, 14,641 square foot historic property is the former home of the Hoito Restaurant and includes an upper level bar and hall, office space and an apartment unit.
According to a listing on Royal LePage's website and first reported by TVO, the “building and existing chattels (are) being sold as is where is.”
In May, the Finlandia Association was dissolved and entered into a liquidation process, citing debts of more than $1 million. The move came after RBC refused to grant a deferral of a $2,000 biweekly mortgage payament after the restaurant and hall were forced to close due to pandemic restrictions.
A short time later the Finlandia Co-operative was formed and set up a Go Fund Me campaign to raise $25,000 in an effort to purchase the building and reopen the world-famous Hoito Restaurant.
The organization reached its goal late last month.
