15 Simcoe Street North Oshawa Ltd., 38 Simcoe Street South Oshawa Ltd. and 2219137 Ontario Limited have been under court-appointed receivership in Ontario since January 22, 2026, under s. 243 of the BIA and provincial Judicature Act authority. The receiver has been unable to access the books and records of 15 Simcoe Street North Oshawa Ltd. to estimate asset values, and has carried cash and the land and building at nominal $1 placeholders. Creditor claims against that entity listed in Appendix A total $1,501,504, comprising $1,491,465 secured and $10,039 unsecured. The largest is Equitable Bank, owed $1,471,593 in principal and interest as at December 3, 2025 on a charge against the property, followed by a City of Oshawa property tax lien of $15,839 per a tax certificate dated August 8, 2025, and a $4,030 construction lien registered by Weekes Engineering Incorporated on December 20, 2023.
Approved the receiver's transaction with 873815 Ontario Limited under an August 7, 2026 sale agreement covering 38 Simcoe Street South, vesting the Purchased Assets on delivery of the Receiver's Certificate.
Source: Approval and Vesting Order (15 Simcoe) – Dated October 28, 2026
Approved the receiver's transaction with Haviland Homes Ltd. under an August 24, 2026 sale agreement covering 13-15 Simcoe Street North, filed as a confidential appendix to the First Report, with vesting on delivery of the Receiver's Certificate.
Source: Approval and Vesting Order (38 Simcoe) – Dated October 28, 2026
Motion Record – Dated October 19, 2026 – Returnable October 28, 2026 — Application / notice of application
15 Simcoe Street North Oshawa Ltd., 38 Simcoe Street South Oshawa Ltd., and 2219137 Ontario Limited — Receivership filed, Ontario.
Source: Receivership Order
Equitable Bank issued its Notice of Application in the Ontario Superior Court of Justice (Commercial List), file CL-25-00753583-0000, under s. 243(1) of the BIA and s. 101 of the Courts of Justice Act.
Source: Applicated Record
Outcome brief
15 and 38 Simcoe Street: two Oshawa buildings, each to its only offeror
On October 28, 2026, Justice Steele approved the receiver's sales of two Oshawa buildings to Haviland Homes Ltd. and 873815 Ontario Limited, each the only offeror, the receiver says; sealed both prices until closing; and authorized distributions to Equitable Bank, though the receiver expects the proceeds to fall short of what the bank is owed.
Debtor
15 Simcoe Street North Oshawa Ltd., 38 Simcoe Street South Oshawa Ltd., and 2219137 Ontario Limited
Applicant
Equitable Bank
Receiver
Bricks Damiani
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Steele | Ontario Superior Court of Justice | 3 orders, Oct 2026 | 245 cases on record |
| Justice Dunphy | Ontario Superior Court of Justice | 2 orders, Jan 2026 | 93 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBricks Damiani | Aird & Berlis LLP | 28 Oct 2026 | Order · 28 Oct 2026 |
| ApplicantEquitable Bank | Blaney McMurtry LLP | 22 Jan 2026 | Order · 22 Jan 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Equitable Bank · in 18 casesCharge/mortgage against the Property — Principal and interest as at 12-3-2025 (Note 1) — debtor: 15 Simcoe Street North Oshawa Ltd. · as of 3 Dec 2025 | $1.47M | Notice and Statement of Receiver – 15 Simcoe |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
10 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.
2 transactions · 2 approved — Court approved the Transaction between the Receiver and Haviland Homes Ltd. for the Purchased Assets, including the Real Property at 15 Simcoe Street North, with vesting effective on delivery of the Receiver's Certificate.Approval and Vesting Order (15 Simcoe) – Dated October 28, 2026 · 28 Oct 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| 873815 Ontario Limitedthe Purchased Assets (as defined in the Sale Agreement), including, without limitation, the Real Property at 38 Simcoe Street South, Oshawa, Ontario · asset sale · agreement 7 Aug 2026 | not stated | Approved28 Oct 2026 | Approval and Vesting Order (38 Simcoe) – Dated… |
| Haviland Homes Ltd.the Purchased Assets (as defined in the Sale Agreement), including, without limitation, the Real Property at 13-15 Simcoe Street North, Oshawa · asset sale · agreement 24 Aug 2026 | Subscribers | Approved28 Oct 2026 | Approval and Vesting Order (15 Simcoe) – Dated… |
| Date | Document | File |
|---|---|---|
Ancillary Order – Dated October 28, 2026
| PDF · Subscribers | |
Approval and Vesting Order (15 Simcoe) – Dated October 28, 2026
| PDF · Subscribers | |
Approval and Vesting Order (38 Simcoe) – Dated October 28, 2026
| PDF · Subscribers | |
Motion Record – Dated October 19, 2026 – Returnable October 28, 2026
| PDF · Subscribers | |
Notice and Statement of Receiver – 117 King
| PDF · Subscribers | |
Notice and Statement of Receiver – 15 Simcoe
| PDF · Subscribers | |
| Notice and Statement of Receiver – 38 Simcoe | PDF · Subscribers | |
Endorsement of Justice Dunphy
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
Applicated Record
| 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., “15 Simcoe Street North Oshawa Ltd., 38 Simcoe Street South Oshawa Ltd., and 2219137 Ontario Limited” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/15-simcoe-street-north-oshawa-ltd-38-simcoe-street-south-oshawa-ltd-and-2219137-
Sources last checked · summary updated 11 August 2026 · Report a correction · Printed from proceedings.ca/case/15-simcoe-street-north-oshawa-ltd-38-simcoe-street-south-oshawa-ltd-and-2219137-
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.