293 Euclid Avenue, Toronto, Ontario
Follow- 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
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.
The court appointed Grant Thornton Limited receiver over the Euclid Avenue property; Money Gate Mortgage Investment Corporation was then owed $307,454.17 in principal and interest before costs.
Source: First Report to Court dated March 26, 2020 - Euclid Property.pdf
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 | Money Gate Investment Mortgage Corporation (MGMIC), by Grant Thornton Limited as MGMIC ReceiverSecond registered mortgage against Euclid Property, principal amount $282,500 — Payout statement accepted by Receiver as the MGMIC Claim; second-ranking charge. Prior prose figure: as at Receivership Order date (Nov 25, 2019), amount owing was $307,454.17 for principal and interest, before costs (para 12). Related party context: MGMIC itself is under separate receivership by GTL — debtor: 2450531 Ontario Ltd. (Euclid Owner) · as of 30 Apr 2020 | $331K | First Report to Court dated March 26, 2020 - Euclid Property.pdf |
This 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: short by $55K.EstimatedSupplement to First Report dated April 1 2020 - Euclid Property.pdf · 1 Apr 2020
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | MGMIC | — | short by $55K | 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.
| Date | Document | File |
|---|---|---|
Supplement to First Report dated April 1 2020 - Euclid Property.pdf
| ||
First Report to Court dated March 26, 2020 - Euclid Property.pdf
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Application Record dated September 26, 2019 - Euclid Receivership .PDF
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “293 Euclid Avenue, Toronto, Ontario” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/293-euclid-avenue-toronto-ontario