On March 13, 2026, BDO Canada Limited was appointed as receiver and manager (in such capacity, the “Receiver”), of 301 Westmount Road West, Kitchener, Ontario (the “Real Property”), and all proceeds thereof (collectively with the Real Property, the “Property”). Valour Westmount Holdings Inc. is the registered owner of the Property.
Subsequently, On April 14, 2026, BDO Canada Limited was appointed as Receiver pursuant to an Order of the Honorable Justice Conway of the Ontario Superior Court of Justice (Commercial List).
Court Documents
- Receivership Order - 301 Westmount - dated 14-Apr-2026
- Endorsement of Justice Conway - dated 14-Apr-2026
Notices and Other Documents
- FAQs - 301 Westmount Road, Kitchener
Sale Process
REQUEST FOR OFFERS TO PURCHASE THE ASSETS, UNDERTAKI NGS AND PROPERTIES OF VALOUR WESTMOUNT HOLDINGS INC., WESTMOUNT LIMITED PARTNERSHIP AND VALOUR WESTMOUNT GP INC.
On April 14, 2026 pursuant to an order (the “Receivership Order”) of the Ontario Superior Court of Justice (Commercial List), BDO Canada Limited was appointed as receiver and manager (the “Receiver”) to exercise the powers and duties as specifically set out in the Receivership Order with respect to the assets, undertakings and properties of Valour Westmount Holdings Inc., Westmount Limited Partnership and Valour Westmount GP Inc. (the “Company”).
The Receiver is inviting offers for the purchase of the assets, undertakings and properties of the Company. The Company’s principal asset is a 5-storey mixed use residential apartment building on lands municipally known as 301 Westmount Road West, Kitchener, ON. The building has 85 rental apartments, 3 commercial units, a two-level parking garage, and surface parking (the “Real Property”). Construction of the building was completed in 2024 with the first tenant moving in, in July 2024.
The Receiver requires interested parties to sign a confidentiality and non-disclosure agreement (“the NDA”) prior to gaining access to an encrypted electronic data room (“Data Room”) that contains the Receiver’s Confidential Information Memorandum (“CIM”) and other pertinent information with respect to the Real Property and the Receiver’s Sale Process. A copy of the NDA can be found here and executed copies should be sent via e-mail to Gary Mah ([email protected]) and Paul Kouadio ([email protected]).
The deadline date for the submission the non-binding offer is July 6, 2026
MILESTONE DEADLINE
Non-Binding APA Deadline July 6, 2026
Binding APA Deadline July 31, 2026
Sale Approval Motion August 21, 2026
Closing Date September 3, 2026
Contact Us
Gary Mah,
Phone: (604) 646-6504
Contact Us
Paul Kouadio
BDO Canada Limited, Business Restructuring & Turnaround Services
20 Wellington Street East, Suite 500
Toronto, ON M5E 1C5
Tel: 647-798-1496