Peace Point Properties Limited
- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-25-00738674-00CL
- Industry
- Real estate · Rental & income property
Peace Point Properties Limited was placed into court-appointed receivership by the Ontario Superior Court of Justice (Commercial List) on June 19, 2025, under court file CV-25-00738674-00CL, with the proceeding covering the company's real property and related assets. Two secured creditors hold security in the real property at 79 Berkeley Street and 535-535A Adelaide Street East, Toronto: Equitable Bank, at $2,126,665, and Vista Mortgage Capital Corporation, at $927,773. Unsecured claims drawn from the debtor's books and records include City of Toronto property taxes of $15,967.10, Toronto Hydro-Electric System Limited at $3,173.90, Toronto Water & Solid Waste Management Services at $2,118.00, Enbridge Gas Inc at $1,368.08, and a Canada Revenue Agency claim listed as to be determined. Peace Point's compilation financial statements as at September 30, 2022, prepared by external accountants and not verified by the Receiver, show total assets of $2,028,820 at book value, with no liabilities stated. The matter remains active.
Receiver's Second Report confirmed the sale closed July 30, 2026 against delivery of the Receiver's Certificate, reported $37,580 on hand, and sought final fees of $25,000 plus disbursements and HST totalling $28,815.
Source: Second Report of the Receiver (without appendices) – Dated October 14, 2026
Motion Record – Dated October 14, 2026 – Returnable October 21, 2026 — Application / notice of application
Court approved the credit bid sale of the real property to Vista Mortgage Capital Corporation under the June 30, 2026 Credit Bid APA and granted a vesting order, with the purchase price determination sealed.
Source: Approval and Vesting Order
Receivership order made Thursday, June 19, 2025, opening the proceeding on the Commercial List over Peace Point's real property and related assets under court file CV-25-00738674-00CL.
Source: Court Order – Receivership Order
Peace Point Properties Limited — Receivership filed, Ontario.
Source: Court Order – Receivership Order
Equitable Bank issued its Notice of Application, seeking a receiver over Peace Point under section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act.
Source: Application Record
Outcome brief
Peace Point: six months at Sotheby's, then the lender's credit bid
Listed for six months from $3,950,000, 79 Berkeley Street in Toronto, its oldest part built around 1872, drew no acceptable offer. Vista Mortgage Capital, holding Equitable Bank's first mortgage by assignment, bid part of its debt instead. On July 13, 2026, Justice Dietrich approved the sale and sealed the price until closing.
Debtor
Peace Point Properties Limited
Applicant
Equitable Bank
Receiver
Bricks Damiani
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Dietrich | Ontario Superior Court of Justice | 4 orders, Jun 2025 – Jul 2026 | 132 cases on record |
| Justice Black | Ontario Superior Court of Justice | 2 orders, Oct 2026 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBricks Damiani | Aird & Berlis LLP | 13 Jul 2026 | Order · 13 Jul 2026 |
| ApplicantEquitable Bank | Blaney McMurtry LLP | 19 Jun 2025 | Order · 19 Jun 2025 |
| CreditorVista Mortgage Capital Corporation | Blaney McMurtry LLP | 6 Oct 2025 | Order · 6 Oct 2025 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Equitable Bank · in 18 casesSecurity interest in the Real Property (79 Berkeley Street and 535-535A Adelaide Street East, Toronto) — debtor: Peace Point Properties Limited | $2.13M | Notice and Statement of Receiver |
| 4 | Secured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
6 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 plansSale closed — The Transaction under the Credit Bid APA closed on July 30, 2026 and the Receiver issued the Receiver's Certificate.Second Report of the Receiver (without appendices) – Dated October 14,… · 14 Oct 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Vista Mortgage Capital Corporationthe Debtor's right, title and interest in and to the Purchased Assets · asset sale · agreement 30 Jun 2026 | Subscribers | Closed30 Jul 2026 | Second Report of the Receiver (without… |
Closed · the record states no distribution outcome.
As at ·
Cash on hand
$37.6K
As at 14 Oct 2026Second Report of the Receiver (without appendices) – Dated October 14, 2026
Professional fees
As at
1 more reported figure, and the total the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
| Ancillary Order – Dated October 21, 2026 | PDF · Subscribers | |
Fee Approval and Discharge Order – Dated October 21, 2026
| PDF · Subscribers | |
Restated Fee Approval and Ancillary Order – Dated October 21, 2026
| PDF · Subscribers | |
Motion Record – Dated October 14, 2026 – Returnable October 21, 2026
| PDF · Subscribers | |
Second Report of the Receiver (without appendices) – Dated October 14, 2026
| PDF · Subscribers | |
Approval and Vesting Order
| PDF · Subscribers | |
Endorsement of Justice J. Dietrich
| PDF · Subscribers | |
Fee Approval Order
| PDF · Subscribers | |
| Motion Record – Returnable July 13, 2026 | PDF · Subscribers | |
Order to Continue (Issued November 7, 2025)
| PDF · Subscribers | |
Notice and Statement of Receiver
| PDF · Subscribers | |
Court Order – Receivership Order
| PDF · Subscribers | |
Endorsement – Justice Dietrich
| PDF · Subscribers | |
Application Record
| 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., “Peace Point Properties Limited” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/peace-point-properties-limited