249 Ontario Street Holdings Inc.
- Proceeding
- Receivership (court-appointed)section 47(1) of the Bankruptcy and Insolvency Act
- File
- CV-21-00656098-00CL
- Industry
- Real estate · Rental & income property
249 Ontario Street Holdings Inc. has been under court-appointed receivership in Ontario since March 26, 2025, under section 243 of the Bankruptcy and Insolvency Act, following an earlier interim receivership for which a Form 87 was filed on March 17, 2021. Addenda Capital Inc. is owed $6,804,106 as of March 7, 2025 by 249 Ontario Street Holdings, Gross Properties Inc. and 2413667 Ontario Inc.; the creditor list as of the interim receivership date showed $5,014,319 for the same creditor. Gross Capital Inc. is listed as secured for $932,407 and unsecured for $186,257. Book values reported by the debtors as at December 31, 2019, unverified by the Receiver, include land at $1,315,547 and building at $6,906,624, with no total assets or liabilities stated. Unsecured claims include the Canada Revenue Agency at $72,639 and Plankraft Construction Group Inc. at $39,530.
The court appointed Deloitte Restructuring Inc. receiver and manager under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, addressing the applicant's mortgage over 249 Ontario Street, Port Hope at paragraph 31.
Source: Court Order – Receivership
Addenda Capital Inc. applied to the Ontario Superior Court of Justice for a receivership appointment over 249 Ontario Street Holdings Inc., in court file CV-21-00656098-00CL.
Endorsement of Justice Cavanagh re Interim Receivership Extension Order — Endorsement / reasons
Debtor
249 Ontario Street Holdings Inc.
Applicant
Addenda Capital Inc.
Receiver
Bricks Damiani
Receiver
Deloitte
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kimmel | Ontario Superior Court of Justice | 3 orders, Mar 2025 | 198 cases on record |
| Justice Cavanagh | Ontario Superior Court of Justice | 2 orders, Apr 2021 | 318 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantAddenda Capital Inc. | Dickinson Wright LLP | 7 Apr 2021 | Factum · 23 Mar 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Addenda Capital Inc. · in 4 casesAmount owed reported as of March 7, 2025 (the exact dated balance). Appendix B, a list of creditors as of the date of interim receivership, states an earlier balance of $5,014,319 for the same creditor. — debtor: 249 Ontario Street Holdings Inc., Gross Properties Inc. and 2413667 Ontario Inc. · as of 7 Mar 2025 | $6.8M | Notice and Statement of Receiver |
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
23 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.
Closed · the record states no distribution outcome.
| Date | Document | File |
|---|---|---|
Notice and Statement of Receiver
| PDF · Subscribers | |
Court Order – Receivership
| PDF · Subscribers | |
| Discharge Order | PDF · Subscribers | |
Endorsement – Justice Kimmel
| PDF · Subscribers | |
Factum of the Applicant – Returnable March 26, 2025
| PDF · Subscribers | |
Motion Record – Returnable March 26, 2025
| PDF · Subscribers | |
Endorsement Re Interim Receiver Discharge Hearing
| PDF · Subscribers | |
Aide Memoire re: Addenda Capital motion for Receiver
| PDF · Subscribers | |
Endorsement of Justice Cavanagh re Interim Receivership Extension Order
| PDF · Subscribers | |
Interim Receivership Extension Order - 249 Ontario Street Holdings Inc.
| PDF · Subscribers | |
| Motion Record Addenda Capital | PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
Appointment Order -249 Ontario Street Holdings Inc.
| PDF · Subscribers | |
| Endorsement of J. Cavanagh re Interim Receivership Order | PDF · Subscribers | |
| Application Record Addenda Capital | 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., “249 Ontario Street Holdings Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/249-ontario-street-holdings-inc