Moncton's Castle Manor has been sold

Moncton's historic Castle Manor has a new owner, says realtor Kathy Guitard.

"I am happy to announce our wonderful castle has all conditions removed from the agreement to purchase so it is officially sold," she stated in a release late Wednesday afternoon.

No details about the terms of the saleare being released, she said.

"There will be an announcement made once the property closes," said Guitard, adding she is unable to disclose when that will be.

The landmarkbuilding, located on Mountain Road, had been listed at $699,900.

It went on the market in January and Guitard accepted a conditional offer a short time later.

At that time, Guitard had estimated it would cost between $500,000 and $1.5 million to restore the Gothic Revival-style structure, built in the early 1900s.

It had been vacant for several years.

The real estatelisting, which referred to the building asa "must see" for developers looking for a multi-unit project, special care home or bed and breakfast, had captured national attention.

The website of the Vancouver newspaperThe 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.

Castle Manor, which formerly housed a Catholic school, has a chapel on site, original mill work and stained glass.

It was put up for public auction in May 2013 after the former owner defaulted on the mortgage, but there were no bids.

AToronto-based development company was the latest owner.