Paramount Theatre, block up for receivership sale

The Paramount Theatre on Jasper Avenue is seen on Feb. 5, 2026. (Sean McClune/CTV News Edmonton)

An Edmonton landmark that has sat empty for years on Jasper Avenue is up for receivership sale.

A listing has the Paramount Block, which is home to the theatre of the same name, up for 100 per cent freehold interest.

The property is being offered as-is, where-is on an unpriced basis and is available to prospective purchasers “free and clear of any financial encumbrances,” says the listing.

Buildings at 10233, 10247, 10275 and 10279 Jasper Ave are part of the sale, which includes a former location of Remedy Cafe and one of Edmonton’s oldest restaurants, most recently known as The Hat.

Paramount Theatre opened in 1952 and was once the largest movie theatre in the prairies with 1,750 seats.

The theatre closed in 2003 under operation of Famous Players. It was used as a church from 2006 to 2014.

Calgary-based developer ProCura proposed a 40-storey retail, office and condo tower on the site which would see the theatre demolished, but no movement has been made to do so.

The Paramount Theatre is on Edmonton’s inventory of historic resources which identifies buildings of potential heritage interest, but it does not have historic designation that would protect the structure from potential demolition.