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729 Devonshire Avenue

729 Devonshire Avenue

Woodstock, ON

  • 52,781 sqft
  • Commercial Retail
$4,200,000

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.

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Listing Details

Taxes (2026)
$40,871
Listed
October 20, 2026

Price History

Property

Lot Size
246.48 x 198.78 Feet

Parking

Garage
None

Location & Legal

Cross Street
Devonshire & Huron
Zoning
NI-3
Parcel Number
001320213
Possession
Flexible
Occupancy
Owner

Commercial

Business Type
Health & Beauty Related

Community

Postal area N4S

Population
33,055
Private dwellings
14,516
Median age
42.8
Average household size
2.3
Median household income
$78,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Woodstock · last 12 months

Median sold price
$565,000
Homes sold
700
Median days on market
26
Sale-to-list price
97.7%

Based on 700 recorded sales of commercial properties in Woodstock over the last 12 months.

Listed by

Century 21 Heritage House Ltd Brokerage

Walk Score

39

Walk

46

Bike

Scores by Walk Score®

Commercial figures

Building area
52,781 sq ft
Price per sq ft
$79.57
Annual property tax
$40,871
Tax per sq ft
$0.77

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

R

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