1001 Broadview

Active

Proceeding: Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
Court: Ontario Superior Court of Justice
File: CV-20-00643617-00CL

Filings held16

Last activity2 Mar 2022

On the record2,264 days

OverviewSummary updated 19 August 2026

1001 Broadview Avenue Inc. has been under the court-appointed receivership of BDO Canada Limited since May 4, 2021, on the application of its first mortgagee, Centurion Mortgage Capital Corporation, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. BDO acts as receiver and manager. The proceeding is before the Ontario Superior Court of Justice (Commercial List) under court file CV-20-00643617-00CL and remains active. Centurion's claim was $8,067,628.87 as at July 1, 2020 per a mortgage statement dated July 6, 2020, secured by first mortgage AT5041028 registered in the amount of $44,000,000, a first-ranking general security agreement and general assignment of rents dated December 20, 2018, and a personal guarantee from director Khashayar Khavari. A $5,000,000 second mortgage held by related party 1001 Broadview Investment Inc. is postponed to Centurion under a subordination and standstill agreement and restrained by a March 9, 2020 consent order of Justice Gilmore, with beneficial ownership disputed in related litigation.

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Case updates16 dated entries

2 Mar 2022

#Distribution

2022-03-02-Issued Order of Justice Kimmel — Distribution order

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14 May 2021

#Sale

The court granted an approval and vesting order. Closing terms, as extracted: Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.

Source: Approval and Vesting Order - BDO Canada Limited - 14-May-2021-signed Dietrich J

14 May 2021

#Order

Administration and Interim Distribution Order - BDO Canada Limited - 14-May-2021-signed Dietrich J — Order (other)

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13 earlier updates, back to 10 July 2020 — subscribers.

Parties

Debtor

1001 Broadview

Receiver

BDO

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Koehnen	Ontario Superior Court of Justice	2 orders, Mar 2021	73 cases on record
Justice Gilmore	Ontario Superior Court of Justice	2 orders, Mar 2020 – Jul 2020	62 cases on record

Counsel of record

Party	Counsel	First seen	Source
ReceiverBDO	Robins Appleby LLP	11 Mar 2021	Order · 11 Mar 2021
Applicant	Robins Appleby LLP	21 Jul 2020	Order · 21 Jul 2020

Capital structureAs asserted in the filings

Priority class	Creditor	Amount	Source
Secured	Centurion Mortgage Capital Corporation · in 5 casesFirst registered mortgage/charge instrument AT5041028 (registered amount $44,000,000); first-ranking General Security Agreement dated December 20, 2018; General Assignment of Rents (AT5041029); PPSA registration 20181217 1132 1590 5862 — Amount per Mortgage Statement dated July 6, 2020 (exact dated balance); Vavaroutsos Affidavit states 'in excess of $8,067,628.87 as at July 1, 2020, together with accruing interest and costs'; excludes protective disbursements/legal fees not yet added. Also secured by absolute and unconditional personal guarantee from Khashayar Khavari (director/sole officer o · as of 1 Jul 2020	$8.07M	1 st report of the receiver dated July 10, 2020

This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.

1 more claim across lower-ranking classes

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Sale processAs stated in the filings

3 transactions · 2 proposed · 1 not completed — the Transaction is hereby approvedApproval and Vesting Order - BDO Canada Limited - 14-May-2021-signed… · 14 May 2021

Bids received

4th report of the Receiver dated May 4, 2021

Purchaser	Price	Status	Source
2774179 Ontario Inc.the Property · real property · agreement 23 Sep 2020	Subscribers	Proposed	2nd report of the Receiver dated October 2020
102568 P.E.I Inc.the Property municipally known as 995-1001, 1003 & 1005 Broadview Avenue, Toronto, Ontario and 2 & 4 Mortimer Avenue, Toronto, Ontario · real property · agreement 23 Sep 2020	Subscribers	Not completeddate not stated	3rd report of the Receiver dated March 2, 2021
Mirshams Mousavithe Property · real property · agreement 9 Apr 2021	Subscribers	Proposedoutside 26 Mar 2021	4th report of the Receiver dated May 4, 2021

AdvisorsAvison Young (listing broker); Jones Lang LaSalle Real Estate Services Inc. (listing broker)2nd report of the Receiver dated October 2020

Closing termsVesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditionsApproval and Vesting Order - BDO Canada Limited - 14-May-2021-signed…

RecoveriesAs stated in the filings

Centurion Mortgage Capital Corporation: a distribution.Motion Record - BDO Canada Limited - 03-March-2021 · 3 Mar 2021

Class	Creditor	Claims	Recovery	Basis	Source
Secured	Centurion Mortgage Capital Corporation	—	a distributioninterim	—	Motion Record - BDO Canada Limited - 03-March-2021 · 3 Mar 2021

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Fees and ratesAs stated in the filings

7 engagements · 3 firms — latest: BDO Canada Limited, 26 Feb – 30 Apr 20214th report of the Receiver · 4 May 2021

Firm	Period	Hours	Fees	Rates	Source
(firm not named)capacity not statedperiod 2 of 2 · firm not named in the heading	the Billing Period	•••	•••	•••	Motion Record - BDO Canada Limited - 04-May-2021 · 4 May 2021
(firm not named)capacity not statedperiod 1 of 2 · firm not named in the heading	Billing Period	•••	•••	•••	3rd report of the Receiver · 2 Mar 2021
BDO Canada LimitedReceiverperiod 2 of 2	26 Feb – 30 Apr 2021	•••	•••	•••4 people	4th report of the Receiver · 4 May 2021
BDO Canada LimitedReceiverperiod 1 of 2	the Billing Period	•••	•••	•••	Motion Record - BDO Canada Limited - 04-May-2021 · 4 May 2021
Robins Appleby LLPCounsel to the receiverperiod 3 of 3	18 Feb – 30 Apr 2021	—	•••	•••4 people	Motion Record - BDO Canada Limited - 04-May-2021 · 4 May 2021
Robins Appleby LLPCounsel to the receiverperiod 2 of 3	1 Oct 2020 – 26 Feb 2021	•••	•••	•••	Motion Record - BDO Canada Limited - 03-March-2021 · 3 Mar 2021
Robins Appleby LLPCounsel to the receiverperiod 1 of 3	to 30 Sep 2020	•••	•••	•••	2nd report of the Receiver · 9 Oct 2020

66 stated figures across 7 engagements, each sourced

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Documents

16 filings

Date	Document	File
2 Mar 2022	2022-03-02-Issued Order of Justice Kimmel Counsel Robins Appleby LLP Presiding officer Justice Kimmel	PDF · Subscribers

14 May 2021	Administration and Interim Distribution Order - BDO Canada Limited - 14-May-2021-signed Dietrich J Counsel Robins Appleby LLP	PDF · Subscribers

14 May 2021	Approval and Vesting Order - BDO Canada Limited - 14-May-2021-signed Dietrich J Closing terms Vesting effective upon delivery of Receiver's Certificate confirming payment of Purchase Price and satisfaction of closing conditions Order date 14 May 2021 Sale outcome Sale approved — the Transaction is hereby approved Stalking horse Subscribers	PDF · Subscribers

4 May 2021	4th report of the Receiver dated May 4, 2021 Closing confirmed Did not complete · date not stated · 102568 P.E.I Inc. Process results 3 bids Fee schedule · Financial position Subscribers + 4 more extracted facts	PDF · Subscribers

4 May 2021	Motion Record - BDO Canada Limited - 04-May-2021 Commencement date 4 May 2021 Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST) Court file no CV-20-00643617-00CL Fee schedule Subscribers	PDF · Subscribers

23 Mar 2021	Court Order Closing terms Sale to close by March 26, 2021 with deposits credited toward purchase price, failing which the sale approval and vesting order is set aside and the sale agreement terminated Counsel Robins Appleby LLP Outside date 26 March 2021 Presiding officer Justice Koehnen + 1 more extracted fact	PDF · Subscribers

11 Mar 2021	Entered Order Approving Interim Distribution Counsel Proceeding Commenced At Toronto Order Robins Appleby LLP Presiding officer Justice Koehnen	PDF · Subscribers

3 Mar 2021	Motion Record - BDO Canada Limited - 03-March-2021 Applicant CENTURION MORTGAGE CAPITAL CORPORATION Appointee BDO Canada Limited Appointee role Court-appointed receiver Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST) + 4 more extracted facts	PDF · Subscribers

2 Mar 2021	3rd report of the Receiver dated March 2, 2021 Closing confirmed Did not complete · date not stated · 102568 P.E.I Inc. Purchaser 102568 P.E.I Inc. · the Property municipally known as 995-1001, 1003 & 1005 Broadview Avenue, Toronto, Ontario and 2 & 4 Mortimer Avenue, Toronto, Ontario · real property · not completed Sale advisor Avison Young (listing broker) Fee schedule Subscribers + 2 more extracted facts	PDF · Subscribers

20 Oct 2020	Issued and Entered Order of Justice Dietrich re: Administration and Interim Distribution Presiding officer Justice Dietrich	PDF · Subscribers

20 Oct 2020	Issued and Entered Order of Justice Dietrich re: Approval and Vesting Order Closing terms vesting effective upon delivery of Receiver's Certificate confirming payment of purchase price and satisfaction of closing conditions Order date 20 October 2020 Sale outcome Sale approved — Transaction approved by the Court Stalking horse Subscribers	PDF · Subscribers

9 Oct 2020	2nd report of the Receiver dated October 2020 Process results 3 bids Purchaser 2774179 Ontario Inc. · the Property · real property · proposed Sale advisor Avison & Young (listing broker); Jones Lang LaSalle Real Estate Services Inc. (listing broker) Fee schedule Subscribers + 2 more extracted facts	PDF · Subscribers

21 Jul 2020	Receivership Appointment Order Applicant Centurion Mortgage Capital Corporation Appointee BDO Canada Limited Appointee role receiver and manager Counsel Robins Appleby LLP + 5 more extracted facts	PDF · Subscribers

10 Jul 2020	1 st report of the receiver dated July 10, 2020 Financial position · Secured creditors · Unsecured creditors Subscribers	PDF · Subscribers

10 Jul 2020	Application Record Applicant CENTURION MORTGAGE CAPITAL CORPORATION Commencement date 10 July 2020 Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST) Court file no CV-20-00643617-00CL + 1 more extracted fact	PDF · Subscribers

9 Mar 2020	Gilmore Order Presiding officer Justice C.A. Gilmore	PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “1001 Broadview” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/1001-broadview