City of Woodstock StaffReport Proposed Sale of 10.6 Acres of City-Owned Industrial Land to Stigterstaal Canada Real Estate Inc. 2026-05-07
Woodstock Plans Industrial Land Sale to Stigterstaal
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Description
The City of Woodstock staff recommend selling 10.6 acres of City-owned industrial land on Alyea Street to Stigterstaal Canada Real Estate Inc. for $5.3 million under the City's standard agreement of purchase and sale. The purchaser commits to building at least 87,000 square feet of industrial space within 30 months of closing, which is expected in Fall 2026.
Contract Details
Contract Amount
$5,300,000 (based on $500,000 per acre)
Vendor
STIGTERSTAAL CANADA REAL ESTATE INC
Agency
City of Woodstock, Canada
Contract Type
OTHER
Document Date
May 7, 2026
Contract Term
Closing expected in Fall 2026; purchaser to construct main building within 30 months of closing; 5‑month conditional period
Renewal Date
2029-03-31
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