Exceptional investment opportunity to own one of Woodstock's established medical plazas! Located at 729 Devonshire Avenue, this fully leased, standalone professional medical building offers an attractive combination of immediate income, established tenancy, and long-term investment potential. Property generates string operating Income, representing a 6.5% capitalization rate. Situated on a substantial 1.2-acre parcel comprising approximately 52,786 sq. ft., the property features a 9,547 sq. ft. building divided into four separately leased professional spaces, measuring approximately 3,450 sq. ft., 2,920 sq. ft., and two units of 1,540 sq. ft. each. With 100% occupancy and lease terms ranging from two to five years, this investment provides an established income stream with future leasing opportunities. Strategically positioned along desirable Devonshire Avenue, surrounded by established residential neighbourhoods and conveniently accessible to major transportation routes, the property benefits from excellent visibility and a location well suited to healthcare and professional services. The generous lot size also presents potential opportunities for future expansion or redevelopment, subject to municipal approvals. As Woodstock and Oxford County continue to grow, established medical facilities remain an important part of the community's infrastructure. Whether expanding an existing commercial real estate portfolio or seeking a substantial income-producing asset, this property offers an opportunity to invest in Woodstock's future while benefiting from an established, fully tenanted investment today. (id:66096)
Property Details
MLS®
X14099494
Property Type
Retail
Business Type
Personal Services
Zoning
NI-3
Parking
61
Lot Size
246 × 199 ft (1.12 acres)
Frontage
247 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$40,871.22/yr
Listed
15 days ago
Features
Lot Features
Irregular lot size
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
15d
Woodstock (Woodstock - North) listings, avg age
49d
List price
$4.20M
Active: 15 days on market, against an average age of 49 days across the listings currently for sale in this city
Market timing · days on market0 → 49d avg age of current listings
Active · day 15
Homes here sell close to asking price
Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This retail in Woodstock (Woodstock - North) has been listed for 15 days, which is 34 days fresher than the city average of 49. Act while there is still low competition.
Listed by Century 21 Heritage House Ltd Brokerage · Michelle Kirwin
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N4S)
This home lists at $4,200,000, about 53.8× the local median household income of $78,000.
Carrying it typically needs a household income of about $820,407 (20% down, 25-yr amortization, stress-tested) — roughly 952% above the area median.
Median household income
$78,000
Population
33,055
Median age
42.8
Owner / renter
66% / 34%
Avg. household size
2.3
Source: Statistics Canada, 2021 Census (FSA N4S)
$4,200,000
For sale
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Financing
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