729 DEVONSHIRE AVENUE
Woodstock (Woodstock - North), Ontario
MLS® X14099494
$4,200,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X14099494
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
Listing description
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.
Property summary
- MLS® number
- X14099494
- Property type
- Retail
- Size
- 52,781 sq ft
- Land size
- 246.48 x 198.78 FT ; 246.48x198.79x300.67x73.75x125.30
- Annual property taxes
- $40,871.22
- Parking
- 61 spaces
- Days on market
- 19 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $4,200,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Century 21 Heritage House Ltd Brokerage, WOODSTOCK.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.