250 Frederick St. Renovictions

Posted on Sunday 31st of May 2026 08:38:51 PM by Robert Elder (Tenant)

Sources:

- On October 27, 2023, McConnell Foundation contributed $420,000 to ACORN Canada for "Funding will contribute to ACORN’s national policy platform with tenants and leaders nationwide, using grassroots expertise to enhance climate policy efforts.  The project will also contribute to affordable housing initiatives. ". The 'Funding Stream' was listed as 'Climate';

Source:

McConnell Foundation Gives ACORN Canada $420,000

(Accessed May 23, 2026)

- McConnell Foundation derives a significant portion of its funding from large private equity firms and maintains a portfolio of "Mission-Related Investments" that are funded by companies such as

Blackrock ($10,000,000 for BlackRock Global Renewable Power Fund II):

Blackrock

And Bridges Fund Management ($15,000,000 for Bridges Fund V)

Bridges Fund Management

Source: McConnell Foundation Portfolio

- On November 15, 2023, 250 Frederick St. (Property PT LT 1-2 PL 429 KITCHENER AS IN 460681; KITCHENER) was sold to 250 FREDERICK INC. for $21,600,000 consideration under a 'NO ASSGN RENT GEN' finance agreement that consisted of $5,400,000.00 cash monies and a mortgage for the remaining $16,200,000.00. The mortgage was financed by Peakhill Capital. This (and other) information can be verified through publicly accessible land register documents on file for this property at ONLand. You will have to pay a small fee to purchase a copy of the land register.

- About a week after the 250 Frederick st. building was purchased, tenants were directed to send rent payments via direct deposit to 1524256 ONTARIO LIMITED. The sole director of 1524256 ONTARIO LIMITED is listed as "MICHAEL KLEIN".

- On September 10, 2025, it was announced that PeakHill Capital had raised $225 million through their inaugural bond issuance on the Tel Aviv Stock Exchange (TASE), marking one of the largest first-time offerings by a Canadian mortgage investment platform.

- Goldfarb Gross Seligman & Co. served as PeakHill Capital's legal counsel for their bond issuance on the Tel Aviv Stock Exchange.

- You can view the live price of PeakHill Capital's corporate bond price on The Tel Aviv Stock Exchange using symbol PKHL.B1

Source: $225 million On TASE

- Since the renovictions have started, I've had a number of conversations with the newly arrived tenants who have been moving into the building. Many of them have recently arrived, from countries such as Eritrea, Sudan, Lebanon and multiple others.

- The same "Michael Klein" noted previously, is also listed as director for the company that owns 221 Melvin Ave. in Hamilton Ontario.

- In 2017, Melvin Apartments Inc. (of which, "Michael Klein" is director), sued Syrian refugees who were placed in his building as part of a re-settlement program due to a dispute over bedbug infestation.

Source: We Had No Bedbugs In Syria

- The property at 285 Melvin Ave, Hamilton Ontario is also a building with Michael Klein as its sole director that has also experienced renovictions. Through an access to information request, any member of the public can request the "Certificate Of insurance" to verify the mortgage insurance for the loan the property at 285 Melvin is a CHMC insured mortgage. CHMC is a crown corporation. CHMC insured loans gets lower interest rates because they are backed by CMHC (A Canadian government corporation). If and when any insured loan goes bad, the government (tax payer) is ultimately the one on the hook, which is why they enjoy a lower interest rate. The ultimate beneficiary of CMHC insured mortgages is the building owner since their mortgage payments will be lower. In the case of 285 Melvin, the mortgage insurance product type is "standard rental housing". According to CHMC, to be eligible for this type of mortgage insurance, the owner must have a "proven competence in managing a similar size and type of property".

Source: Mortgage loan insurance: standard rental housing

Posted on Sunday 31st of May 2026 07:52:36 PM by Robert Elder (Tenant)

In late March of 2026, I submitted my N9 form 'Tenant's Notice to End the Tenancy' with a move out date of May 31, 2026. Back in 2009 when I moved up here to study software engineering, I was optimistic about the future of the Kitchener/Waterloo area. I chose to stay here because of the region's supposedly business friendly environment and startup scene The promise was that K/W would eventually development into a vibrant business and technology community. Unfortunately, this has not happened, and I now consider my choice to stay here in Kitchener one of the worst decisions of my life. The K/W area, and Ontario in general has many deep societal issues that it must deal with, but unfortunately, there is a lack of willingness to confront or even acknowledge its issues. I expect things to get worse before they get better, so I am voting with my feet. The way that the elderly and vulnerable are treated here in Kitchener is appalling, and it is clear to me that this is not a safe place to grow old.

Additionally, even though we won our case at the tenant board, there was supposedly an appeal filed, but I have not received any official confirmation from the divisional court. The appeal was supposedly filed back in November 2025, and I did receive a notice form the landlord indicating their intent to appeal, but I decided I to wait until I had official confirmation (which I still don't have) of the appeal before posting about it here.

To date, I have not received any official notice of appeal from the divisional court with any kind of case number. I did received a letter in the mail from the tenant board acknowledging that they had been served with the appeal, but again, no with official case number. I reached out to the tenant board and divisional court twice via email to try and confirm that the appeal was filed, and whether there are any future court dates, but I have not received any response yet. No one else that I've talked to knows anything about upcoming court dates.

It has been almost two and a half years since the renovictions first started, and the fact that we still don't have closure on the case is another example of the systemic societal dysfunction of the region. Some tenants died before seeing a final resolution to the case.

Since many tenants are curious to know about compensation for moving out: In my case I got nothing. I paid rent up till the last month, and terminated the lease using an N9. Since we won our case at the tenant board, I did not even receive the ~$3000 that's required for the N13 (because the N13 was cancelled by the tenant board). About 6 months after the renovictions first started, the previous building supervisor had stopped by my apartment and suggested that he would make a different compensation offer to me. I told him to write it down and give it to me on paper and put it through the mail slot, but I never received any additional offer. I did hear rumours in the building of some tenants receiving ~$20,000 compensation offers, but that information is not confirmed with any primary source.

Posted on Wednesday 15th of April 2026 06:36:30 PM by Robert Elder (Tenant)

This evening at around 5:54pm on April 15th 2026, the fire alarm went off. I talked to one of the fire fighters who said that the alarm was triggered by someone pulling the manual fire alarm on the 14th floor. On the 14th floor, I did not smell any smoke or observe any signs of fire. By coincidence, another tenant had an unrelated issue with their stove burner being active on the 1st floor. One of the fire fighters applied ventilation to the unit on the first floor as a likely unnecessary precautionary measure.

Posted on Monday 9th of March 2026 11:21:55 AM by Robert Elder (Tenant)

On March 4th, 2026 I observed the following notice posted by the elevators. It says:

"Order to Remedy Unsafe Building

Pursuant to the Building Code Regulations, and Section 15.9 of the Building Code Act 1992, chapter 23, as amended, the above noted building has been inspected by the Building Division of the Development Services Department of the Corporation of the City of Kitchener on February 27, 2026, and found to be unsafe. The following are the reasons why the building in unsafe and the remedial steps that are required to be taken to render the building safe.

You are hereby ordered to correct the contraventions itemized below by March 6th, 2026

Item 1.) Unsafe Condition: Parking garage access ramp underside concrete spalling, breaking away. Steel Reinforcing Bars exposed and display erosion. Ramp may be structurally inadequate for design loading. Remedial Action Required: Effective immediately, Garage shall not be used by residents or the public. Structural Professional Engineer to review the condition of the ramp and provide stamped report of condition and site instruction to immediately shore the ramp from collapse. Report may include measures of temporary support with a construction schedule, that allows the ramp to reopen until permanent repair completed under building permit 25107310.

Item 2.) Unsafe Condition: Spalling Concrete from ceiling in both levels of parking garage that are breaking away causing hazardous condition to people and property. Remedial Action Required: Areas of spalling concrete shall be hoarded to prevent pedestrians until permanent repair completed under building permit 25107310."

Upon reading this notice, I went into the parking garage myself and took this photo to record the condition of the spalling:

Posted on Thursday 16th of October 2025 01:34:28 PM by Robert Elder (Tenant)

Today, on October 16, 2025 I observed the following inspection order issued by the fire department that was posted by the elevators on the ground floor of 250 Frederick St:

Posted on Wednesday 15th of October 2025 02:47:49 PM by Robert Elder (Tenant)

Here is the 10 page order from the landlord and tenant board ordering that the remaining 17 N13 eviction applications against tenants at 250 Frederick be dismissed:

The other 14 of the N13 applications were dismissed by an order issued on June 2, 2025 as a result of the previous hearing held on May 26, 2025.

Therefore, of the original 61 tenants who were issued N13s, 31 of them won their case. At least one tenant passed away, several others chose to leave the building due to the exhaustion of the legal case, and others may have made other arrangements that I have no knowledge of.

Posted on Tuesday 14th of October 2025 12:56:53 PM by Robert Elder (Tenant)

Today, on October 14, at 11:55am I received an email notification from the LTB containing a 10 page long order in relation to the N13 hearing that was conducted on October 6th, 2025. The document contains many points that the LTB made in reaching its conclusion. The order concludes with the following statement:

"60. Since the Landlord has not proved its case, the applications will be dismissed."

Followed by:

"It is ordered that:

1. The Landlord’s applications are dismissed.

2. Any Tenant who has received a compensation cheque from the Landlord in respect of this proceeding shall not cash it, and shall return it to the Landlord forthwith if they have not already done so."

Therefore, at this time, there is no longer any outstanding eviction case against me or the many other tenants in this building who also received N13s.

I also received an email confirmation from the LTB that my case had been closed.

Posted on Monday 6th of October 2025 04:00:18 PM by Robert Elder (Tenant)

Today, from 9:00am to 3:43pm, I attended my 3rd L2 Merits related hearing at the Landlord and Tenant Board in relation to the outstanding N13 application against me. At the hearing, various arguments were made on both sides in relation to the proposed 'extensive renovations'. As of today, I am waiting to find out if the outstanding N13 will be dismissed by the LTB or if there will be another hearing scheduled at some unknown time in the future.

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