The Masonic Temple, which was the rehearsal space of choice for the Rolling Stones in Toronto, is closing its doors.

The building was first opened in 1918, and had most recently been used as a television and radio studio for owners CTV and Bell Media.

But the building has some history.

Back in 1969, Led Zeppelin played their first Toronto concert in the venue that seats about 500 people at the corner of  Yonge and Davenport.

Scott Henderson from VP of Communications for Bell Media says they are moving production of MTV to their other location at 299 Queen Street.

27 production positions are being lost, that's 11 full time and 16 contract positions.

Bell Media bought the building in 1998 to house 'Open Mic with Mike Bullard'.

Henderson says they are considering all options when it comes to the building and that includes selling the facility.

The building is protected under the heritage act.