27 Harwood Avenue Inc.
- Proceeding
- Receivership (court-appointed)section 243(1) of the BIA and section 101 of the CJA
- File
- CV-25-00750546-00CL
- Industry
- Real estate · Residential development
27 Harwood Avenue Inc. has been in a court-appointed receivership in Ontario since October 10, 2025, brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. Sky Mortgage Corporation holds both registered charges against the debtor. Its first mortgage, advanced in the principal amount of $1,500,000 under an August 4, 2022 commitment letter and registered on title August 18, 2022 together with an assignment of rents and a general security agreement over all personal property, stood at $1,538,329.72 as of July 14, 2025. Its second mortgage, $1,000,000 advanced under a July 25, 2023 commitment letter and registered August 28, 2023 behind the first, stood at $1,026,494.81 on the same date. Both figures include principal, interest, an NSF fee, a discharge fee and a statement fee, and exclude legal fees and accruing per diem interest. Both loans are jointly and severally guaranteed by Mixed Use Developments (Ontario) L.P., Wasaga Developments and Infrastructure 2021 L.P., U Real Estate Group Inc., and by Mohammad Mahdi Tajbakhsh, the debtor's director and controlling individual. The proceeding remains active.
Debtor
27 Harwood Avenue Inc.
Applicant
Sky Mortgage Corporation
Receiver
Rosen Goldberg
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ApplicantSky Mortgage Corporation | Dickinson Wright LLP | 8 Oct 2025 | Factum · 8 Oct 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Sky Mortgage Corporation · in 2 casesFirst-ranking charge registered on title August 18, 2022; first-ranking assignment of rents registered August 18, 2022; first-ranking general security agreement dated August 15, 2022 (First Mortgage Loan, principal amount $1,500,000 pursuant to commitment letter dated August 4, 2022) — First Mortgage Loan total owing as of July 14, 2025 (excludes legal fees; per diem interest accruing). Obligations jointly and severally guaranteed by Mixed Use Developments (Ontario) L.P. (by its GP Mixed-Use Developments (Ontario) GP Inc.), Wasaga Developments and Infrastructure 2021 L.P. (by its GP Wasaga Dev · as of 14 Jul 2025 | $1.54M | Application to Appoint a Receiver |
| Secured |
1 more claim in 1 class The stack holds Secured claims.
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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.
| Date | Document | File |
|---|---|---|
Appointment Order
| PDF · Subscribers | |
| Aide Memoire of 2830064 Ontario Inc. | PDF · Subscribers | |
| Aide Memoire of the Respondent | PDF · Subscribers | |
Aide Memoire of Applicant
| PDF · Subscribers | |
Application to Appoint a 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., “27 Harwood Avenue Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 5 November 2026, https://proceedings.ca/case/27-harwood-avenue-inc