CRA considers that a partnership’s affairs can be considered to have been wound-up even if title still shows land as being held for the partnership

The s. 85(3) rollover respecting a disposition of property by a partnership to its corporate partners requires inter alia that "the affairs of the partnership were wound-up within 60 days after the disposition."  CRA considers that provided beneficial ownership has been transferred within the 60-day period, it is acceptable if, due to requirements of the applicable land titles authority:

the partnership still holds legal title to the property after the 60-day period only because the parties are awaiting the valuation necessary to effect the transfer of title, and legal title to the property in question will be transferred as soon as is practical after the valuation is completed.

Neal Armstrong.  Summary of 14 January 2015 T.I. 2014-0559731E5 under s. 85(3).