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3070 Ellesmere Developments Inc.

Toronto, September 13, 2019 - Pursuant to an Order of the Ontario Superior Court of Justice (the “Appointment Order”), on September 13, 2019, RSM Canada Limited was appointed as receiver, without security, of all of the Property of 3070 Ellesmere Developments Inc. (the “Company”). Pursuant to the Endorsement of Justice Hainey dated September 13, 2019, the Appointment Order did not take effect until September 27, 2019.

A copy of the Appointment Order is posted below, and other pertinent public information will be posted to this website as that information becomes available.

The current intended plan of action of the Receiver, to the extent that such a plan has been determined, is to realize on the assets of the Company, comprised primarily of the real property located on Ellesmere Road in Scarborough, Ontario.

Creditors of the Company are asked not to file a proof of claim at this time. Should you require additional information, please contact Jeffrey Berger at (647) 726-0496 or jeff.berger@rsmcanada.com.  We will try our best to respond to your enquiry within two business days.

Initial Application and Subsequent Pleadings and Motions
Application Record dated September 11, 2019

Orders and Endorsements of the Court
Endorsement of the Honourable Justice Hainey dated September 13, 2019
Appointment Order dated September 13, 2019 (effective September 27, 2019)
Endorsement of the Justice Hainey dated January 24, 2020
Order of Justice Hainey (Expanding Receiver Powers) dated January 27, 2020
Handwritten Endorsement of the Justice Hainey dated January 27, 2020
Endorsement of the Justice Hainey dated January 27, 2020

Notice to Creditors
Notice and Statement of Receiver

Notices of Application/Notices of Motion
Motion Record dated January 20, 2020
Motion Record dated August 14, 2020 returnable September 3, 2020

Reports of the Receiver
First Report of the Receiver dated January 20, 2020
Second Report of the Receiver dated August 13, 2020
Supplemental Report to the Second Report of the Receiver dated September 2, 2020

Service List
Service List as at January 20, 2020

Sales Process
RSM Canada Limited, in its capacity as Court-appointed Receiver of 3070 Ellesmere Developments Inc., has engaged Cushman and Wakefield ULC (“C&W”) to solicit offers for the purchase of a property located at 3070 Ellesmere Road, Toronto, Ontario.  The property, consisting of approximately 1.3 acres is fully zoned and has a proposed plan for a 26-storey, 339 unit condominium development with a total GFA of 261,722 sf.  The deadline for submission of offers is April 27, 2020. For further information, please contact Trevor Henke of C&W at 416-756-5412 or by email at trevor.henke@cushwake.com. A copy of the brochure in relation to this sale is below:

Sales Brochure

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