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 proposes industrial land sale to Stigterstaal
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Description
The City of Woodstock is proposing to sell 10.6 acres of City-owned industrial land on Alyea Street to Stigterstaal Canada Real Estate Inc. for $5.3 million under a standard agreement of purchase and sale. The buyer must construct at least an 87,000 square foot main building within 30 months of closing, with the transaction expected to close in Fall 2026 following Council approval.
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
Conditional period of 5 months; purchaser to construct at least 87,000 sqft main building within 30 months of closing; closing expected Fall 2026
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