Avison Young has been retained on an exclusive basis by KPMG Inc. in its capacity as receiver of Polestar Holdings Ltd. and not in its personal or corporate capacity, to offer for sale 12423 Coleraine Drive, Caledon, Ontario (the “Property”).
The Property presents a rare opportunity to acquire an almost 7-acre site in the heart of Bolton that can be used for a wide variety of uses. The site features a residential home, and a small industrial building. The Property is gated and fenced along the perimeter, which fronts on three major roadways: Coleraine Drive, George Bolton Parkway, and Simpson Road.
The surrounding area has undergone significant recent development – primarily for the construction of “big box” industrial buildings which are now occupied by prominent corporate neighbours such as Amazon, Canadian Tire, DB Schenker, the Beer Store, and many others. The location further benefits from its proximity to highways 50 and 427, the CPKC Intermodal, and many nearby amenities.
The Property’s size and location will appeal to occupiers and developers alike, as there is the opportunity for a business to make use of the existing improvements, or for an investor to further develop the property for a greater potential return.