114 Avenue Road, Toronto, Ontario et al.
- Proceeding
- Receivership (court-appointed)section 243(1) of the BIA and section 101 of the CJA
- File
- CV-20-00644927-00CL
- Industry
- Real estate · Rental & income property
114 Avenue Road, Toronto, Ontario et al. were placed in a court-appointed receivership on 11 September 2020 in the Ontario Superior Court of Justice. Cameron Stephens Mortgage Capital Ltd. applied under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, and RSM Canada Limited was appointed receiver and manager. Cameron Stephens Mortgage Capital Ltd. was stated as a secured creditor for $12,251,486.59 and GC Capital Inc. for $2,635,416.65. The proceeding was carried on court file CV-20-00644927-00CL.
A claims procedure has been established — see the order for deadlines.
Per the Claims Package dated 10 May 2021.
Motion Record of the Receiver returnable January 4, 2022 — Application / notice of application
Motion Record of Bennett Jones returnable November 17, 2021 — Application / notice of application
Motion Record of the Receiver returnable April 19, 2021 — Application / notice of application
Another application in the receivership was filed on 11 December 2020.
Source: Motion Record of the Receiver returnable December 16, 2020
A further application in the receivership was filed on 9 October 2020.
Source: Motion record of the Receiver returnable October 14, 2020
The receivership order of 11 September 2020 appointed RSM Canada Limited as receiver and manager.
The court appointed RSM Canada Limited as receiver and manager, on the application of CAMERON STEPHENS MORTGAGE CAPITAL LTD.. Court file CV-20-00644927-00CL.
The court appointed RSM Canada Limited as receiver and manager, on the application of Cameron Stephens Mortgage Capital Ltd.. Court file CV-20-00644927-00CL.
Debtor
110-112 Avenue Road, Toronto, Ontario
Debtor
114 Avenue Road, Toronto, Ontario
Debtor
116 Avenue Road, Toronto, Ontario
Receiver
RSM Canada
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Conway | Ontario Superior Court of Justice | 8 orders, Oct 2020 – Jan 2022 | 310 cases on record |
| Justice Gilmore | Ontario Superior Court of Justice | 2 orders, Apr 2021 | 68 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverRSM Canada | Paliare Roland Rosenberg Rothstein LLP | 5 Oct 2020 | Order · 14 Oct 2020 |
| Applicant | Garfinkle, Biderman LLP | 5 Oct 2020 | Endorsement · 5 Oct 2020 |
| ApplicantCameron Stephens Mortgage Capital Ltd | Garfinkle, Biderman LLP | 6 Apr 2021 | Service list · 6 Apr 2021 |
| CreditorGC Capital Inc | Kagan Shastri LLP | 5 Oct 2020 | Service list · 6 Apr 2021 |
| CreditorMedallion Capital Group | Bennett Jones LLP · Stiver Vale | 6 Apr 2021 | Service list · 6 Apr 2021 |
| CreditorSC Land Inc | Kagan Shastri LLP Previously Teplitsky, Colson LLP (last seen 16 Dec 2020) | 5 Oct 2020 | Service list · 6 Apr 2021 |
| CreditorSynvest | Aird & Berlis LLP | 5 Oct 2020 | Service list · 6 Apr 2021 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Cameron Stephens Mortgage Capital Ltd. · in 11 casesSecurity interest on the Properties (110, 112, 114, 116 Avenue Road, Toronto) — Approximate amount stated in Notice as $12,251,000; exact dated balance from List of Creditors used as amount — debtor: Yorkville Central Investments Inc., Yorkville Central 2 Investments Inc., and Yorkville Central 3 Investments Inc. · as of 28 Jul 2020 | $12.3M | Notice and Statement of Receiver |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
11 more claims in 2 classes The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
Unsecured creditors: a distribution. Bennett Jones LLP a distribution · Cameron Stephens paid in full · GC paid in full.EstimatedMotion Record of the Receiver · 9 Dec 2021
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Bennett Jones LLP | — | Estimatedper the receiver | Motion Record of the Receiver · 9 Dec 2021 | |
| Secured | Cameron Stephens | — | paid in full | Finalper the receiver | Motion Record of the Receiver · 9 Dec 2021 |
| Secured | GC | — | paid in full | Finalper the receiver | Motion Record of the Receiver · 9 Dec 2021 |
| Unsecured | — | — | Estimatedper the receiver | Motion Record of the Receiver · 9 Dec 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.
2 blurred figures above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Receiver's Discharge Certificate
| PDF · Subscribers | |
Order dated January 4, 2022
| PDF · Subscribers | |
Motion Record of the Receiver returnable January 4, 2022
| PDF · Subscribers | |
| Fifth Report of the Receiver dated December 9, 2021 | PDF · Subscribers | |
| Motion Record of Bennett Jones returnable November 17, 2021 | PDF · Subscribers | |
| Claims Package | PDF · Subscribers | |
Endorsement dated April 20, 2021
| PDF · Subscribers | |
Claims Process Order dated April 19, 2021
| PDF · Subscribers | |
| Motion Record of the Receiver returnable April 19, 2021 | PDF · Subscribers | |
| Fourth Report of the Receiver dated April 8, 2021 | PDF · Subscribers | |
Service List dated April 6, 2021
| PDF · Subscribers | |
Vesting Order dated February 3, 2021
| PDF · Subscribers | |
Approval and Vesting Order dated December 16, 2020
| PDF · Subscribers | |
Endorsement dated December 16, 2020
| PDF · Subscribers | |
Order re Misc. Relief dated December 16, 2020
| PDF · Subscribers | |
Motion Record of the Receiver returnable December 16, 2020
| PDF · Subscribers | |
| Third Report of the Receiver dated December 9, 2020 | PDF · Subscribers | |
Endorsement of Justice Conway dated October 14, 2020
| PDF · Subscribers | |
Sale Procedure Order dated October 14, 2020
| PDF · Subscribers | |
Motion record of the Receiver returnable October 14, 2020
| PDF · Subscribers | |
| Second Report of the Receiver dated October 9, 2020 | PDF · Subscribers | |
Endorsement dated October 5, 2020
| PDF · Subscribers | |
| Receiver's Supplemental Report dated October 2, 2020 | PDF · Subscribers | |
| First Report of the Receiver dated September 25, 2020 | PDF · Subscribers | |
Appointment Order dated September 11, 2020
| PDF · Subscribers | |
Notice and Statement of Receiver
| 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., “114 Avenue Road, Toronto, Ontario et al.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/114-avenue-road-toronto-ontario