11282751 Canada Inc. et al., Receivership

11282751 Canada Inc. et al., which owns the property municipally known as 170 Burton Avenue, Barrie, Ontario, was placed into receivership on February 9, on application by C&K Mortgage Services Inc. o/a Rescom Capital and Canadian Western Trust Company, owed approximately $4.6 million.

The company purchased the property in June 2019 and operated a Petro-Canada gas station and convenience store until June 2023, when it abandoned the operations.

The Gallens, who hold a subsequent mortgage against the property, then assumed operation of the gas station and convenience store and began making payments towards the loan. They failed to make the monthly payment due for December 2023 and subsequently abandoned the premises.

Rosen Goldberg was appointed receiver.

Counsel is Chaitons for C&K Mortgage, Jack Frymer Professional Corporation for the Gallens, and Blakes for Suncor Energy Products Partnership.

By: Dina Milivojevic