Ashcroft Homes, one of Ottawa's leading developers, now in receivership
A Toronto-based receiver, KSV Restructuring Inc., now has control of Ashcroft’s extensive real estate portfolio in Ottawa.
Author of the article:Andrew Duffy
Published Feb 19, 2025
One of Ottawa’s leading developers, the Ashcroft Homes Group, has been forced into receivership.
ottawacitizen.com
More Ashcroft news: 330 Gilmour is up for sale
Came across this site which is also interesting:
This short photo essay documents two cases of demolition-by-neglect, one a long-vacant former public building in Centretown, and the other, a row of tenant-occupied brick houses in Sandy Hill, now …
wasteheritageresearch.wordpress.com
Susan M. Ross
Redevelopment in limbo
330 Gilmour Street: A cherished backdrop to the urban scene?
330 Gilmour Street is the former Ottawa Public School Board Building which was built in three phases (1922, 1956 and 1963). In 2001 it was sold by the School Board to Ashcroft Homes and has stood empty for over 20 years. Ashcroft Homes initially proposed to demolish the entire building. The building was assessed as being of high heritage significance as part of the Centretown Heritage Conservation District Study. When demolition was refused, Ashcroft proposed a 9-storey seniors’ residence, keeping only the 1922 wing
[10] The city approved this proposal, on the condition of lowering the new structure to seven storeys. These development restraints were contested by Ashcroft at the Ontario Municipal Board, and the project has gone no further
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Access prevented by signs, fences and boarding
Frayed but still intact character
Over the last few years, temporary fencing and boarding-up on an increasing number of windows and doors of all three wings of 330 Gilmore have in theory served to secure the building from the weather and intruders while also signalling the building’s vacant status. While proposals for possible future uses continue in student theses and local newspaper articles, worsening conditions make any reuse increasingly unlikely
[12]
In my exterior photos from May 2024, deterioration might not seem so bad, apart from flaking paint and likely rotting of wood windows in need of repair and repainting. However, the interior video posted by Freaktography (2024) shows substantial water damage inside; the floors of some rooms are covered in moss or vegetation
[13] This is likely from roof and/or plumbing leaks. That such damage is not typically visible from the street is a key issue in monitoring vacant sites and thus requires more than the inadequate exterior inspections that the city currently offers, to ensure that problems promptly addressed before decay sets in and spreads
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