Waterloo Summit Centre set to sell for $3.9M to a treatment facility
A drug and alcohol treatment centre is going to be taking over the Waterloo Summit Centre. At last night’s town council meeting, Huntsville picked the De Novo Treatment Centre as the winning bid for the building. The town had been taking bids since September for both leasing and buying, and in the end decided to sell to De Novo for $3.9 million.
The sale includes the building and around 17 acres of land. De Novo currently operates a treatment facility in Sundridge, and this sale is expected to be part of an expansion. More details about the sale are expected to be released later this week by the town.
The deal won’t be finalized until the next council meeting, which is on December 19th. In the meantime, the public will be able to provide comments on the sale. The town has been looking for a use for the building since the University of Waterloo pulled out of their lease a year early back in March. The school was paying around $50,000 a year for the space.
Huntsville to open up bidding for the Waterloo Summit Centre