293 Euclid Avenue, Toronto, Ontario
- Proceeding
- Receivership (court-appointed)Section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, and Section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43
- File
- CV-19-00628085-00CL
- Industry
- Financial services · Investment funds & schemes
293 Euclid Avenue, Toronto, Ontario — owned by 2450531 Ontario Ltd. — has been under court-appointed receivership since November 25, 2019, when the Ontario Superior Court of Justice appointed Grant Thornton Limited receiver of the property, on an application filed September 26, 2019 by Grant Thornton Limited in its separate capacity as receiver of Money Gate Investment Corporation and Money Gate Mortgage Investment Corporation, under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act. Home Trust Company held a first mortgage of $1,120,000 against the property, with a Receiver-accepted payout statement of $1,130,664.95 as at April 30, 2020. Money Gate Mortgage Investment Corporation held a second mortgage of $282,500, owed $307,454.17 in principal and interest at the receivership order and later accepted at $330,975.00 as at April 30, 2020.
Grant Thornton Limited, acting as receiver of the Money Gate entities, applied for the appointment of a receiver over the Euclid Avenue property.
Source: Application Record dated September 26, 2019 - Euclid Receivership .PDF
Debtor
293 Euclid Avenue, Toronto, Ontario
Receiver
Doane Grant Thornton
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Home Trust Company · in 11 casesFirst registered mortgage against Euclid Property, principal amount $1,120,000 — Payout statement accepted by Receiver as the Home Trust Claim; first-ranking charge, subject to Contingent Opinion re: title correction — debtor: 2450531 Ontario Ltd. (Euclid Owner) · as of 30 Apr 2020 | $1.13M | First Report to Court dated March 26, 2020 - Euclid Property.pdf |
| Secured |
1 more claim in 1 class The stack holds Secured 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.
MGMIC: shortfall.EstimatedSupplement to First Report dated April 1 2020 - Euclid Property.pdf · 1 Apr 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | MGMIC | — | short by | Estimatedper the receiver | Supplement to First Report dated April 1 2020 - Euclid Property.pdf · 1 Apr 2020 |
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.
1 blurred figure 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 |
|---|---|---|
Supplement to First Report dated April 1 2020 - Euclid Property.pdf
| PDF · Subscribers | |
First Report to Court dated March 26, 2020 - Euclid Property.pdf
| PDF · Subscribers | |
Application Record dated September 26, 2019 - Euclid Receivership .PDF
| 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., “293 Euclid Avenue, Toronto, Ontario” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/293-euclid-avenue-toronto-ontario