Here is an excellent opportunity for a long term, cashflow investor. This 7,253 sq' building has been occupied by the Vancouver Island Health Authority since 1988 and has a new 5 year term starting in September 2026. At that point the property will produce a 5.5% cap at the asking price. The building and property are in excellent shape with many upgrades having been completed. A partial list includes, complete remodel of the interior, new paved parking area, heat pumps repaired or replaced (as needed), all lighting replaced with LED etc. This 41,580 sq' property represents one of the best investment opportunities in the increasingly popular Cowichan Region on Southern Vancouver Island
Address
3088 Gibbins Rd
List Price
$3,490,000
Property Type
Commercial Sale
Type of Dwelling
Office
Transaction Type
Sale
Area
Duncan
Sub-Area
Du West Duncan
Lot Size
41382 Sq. Ft.
Lot Size (Acres)
0.95 Ac.
MLS® Number
1025353
Listing Brokerage
Royal LePage Duncan Realty
Postal Code
V9L 1E8
Tax Amount
$16,686.38
Tax Year
2025
Features
Heat Pump, Mixed
Amenities
Easy Access, Fencing: Partial, Landscaped, Level, Rectangular Lot, Security System, Serviced, Sign: Allowed
