The building at 112 Hughson Street South is being demolished*
It’s unclear what, if anything, will replace the building.
The building, a converted house, was used solely for commercial purposes and a replacement is not required. Had building contained residential use, the downtown demolition control bylaw requires replacement within two years of demolition of any residential units.
I requested a copy of the demolition permit and it may be viewed in this PDF.
UPDATE: Thanks to Ian Brisbin for the update.