The 100 year old building, which once housed the famous Vieux Munich and later on Le Medley, has been closed for some time now and it will be demolished and replaced with a new condo project. Here's an article about its closing at CBC. I went there several times in the 1980s when it was the Old Munich and it was a blast.
How it looked like during its fabled Vieux Munich days. Below is how the new condo project, Le Metropole, will look like.