301 Westmount Road West Kitchener

301 Westmount Road West Kitchener is in court-appointed receivership, with BDO Canada Limited appointed receiver and manager on April 14, 2026 by the Ontario Superior Court of Justice (Commercial List) under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act, in file CL-26-00000100-0000. The applicant, Centurion Asset Management Inc., holds a second-priority mortgage advanced on a $6,100,000 commitment dated June 7, 2023, with $6,604,508.65 outstanding as at March 1, 2026 plus per diem interest, costs and legal fees. CMLS Financial Ltd., holder of the first mortgage registered July 28, 2023, advised the borrower it was in default for failing to make monthly mortgage payments for many months, and Centurion understands over $31.5 million is owed on that facility. District REIT Limited Partnership holds a third-priority mortgage registered October 13, 2021 in the registered amount of $10,000,000, subordinated to the Centurion mortgage. The borrowers are Valour Westmount Holdings Inc., Westmount Limited Partnership and Valour Westmount GP Inc.