The Royal Cape Breton Yacht Club building on Sydney's Esplanade is engulfed in flames.
Fire broke out at the building earlier this afternoon.
Enterprise Cape Breton Corp. bought the more than century-old building from the club, which wound down operations, earlier this year for $280,000. It indicated it intended to eventually demolish it, but had no immediate plans to do so.
A conservation architect evaluated the building earlier this year and indicated he believed it held significant heritage value.
More to come.