2220277 Ontario Inc. (650 Bay)

On August 1, 2017, A. Farber & Partners Inc. became the Court-appointed receiver (the “Receiver“) pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c.B-3, as amended (the “BIA“) and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the “CJA“), over all of the assets, undertakings and properties (the “Property“) of 2220277 Ontario Inc. pursuant to an Order (the “Appointment Order“) of the Honourable Justice Mesbur of the Ontario Superior Court of Justice (Commercial List).

Links to the court documents can be found below.

Sales Process

A. Farber & Partners Inc., in its capacity as Court-appointed of 2220277 Ontario Inc (“222”), is offering for sale on an “as-is, where-is” basis, the right, title and interest of 222 in and to the Real Property known municipally as 55 Elm/650 Bay Street, Toronto, Ontario, under a sale process approved by the Ontario Superior Court of Justice (the “Sale Approval Order”). The Sale Approval Order includes a Court-approved stalking horse bid of $12,000,000 (the “Stalking Horse Bid”) which the Receiver will accept and present to the Court for approval if a higher bid, as defined in the sale process, is not received during the sales process.

The Receiver invites offers for the Real Property substantially in the form of, and for at least $150,000.00 more than, the Stalking Horse Bid.

The deadline for submission of offers, including the required 10% deposit, is 5:00 p.m. (Toronto time) on Thursday, December 14, 2017 at:

A. Farber & Partners Inc.
150 York Street, Suite 1600,
Toronto, Ontario, M5H 3S5
Attention: John Hendriks, CPA, CA, CIRP, LIT

Links to documents regarding the sales process are provided below.

For further information, please contact:

John Hendriks: (t) (416) 496-3701 or / (e) jhendriks@farbergroup.com

The purpose of this website is to provide documents to any interested persons regarding this proceeding.  The documents listed below are in pdf format and can be viewed and/or downloaded.  Please feel free to return to this website periodically for future updates on the status of these proceedings. Additional documents and information will be posted as it becomes available.

Sales Process

Service List

Court Orders & Endorsements

Motion Materials & Court Reports