3088 Gibbins Rd, Duncan, BC V9L 1E8
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3088 Gibbins Rd, Duncan, BC V9L 1E8
3088 Gibbins Rd, Duncan, BC V9L 1E8
3088 Gibbins Rd, Duncan, BC V9L 1E8
3088 Gibbins Rd, Duncan, BC V9L 1E8
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Jason Simard

Jason Simard

+1(250) 591-1160
Listed by Brian Hebbert Royal LePage Duncan Realty
$ 3,490,000
Est. payment /mo
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3088 Gibbins Rd Duncan, BC V9L 1E8

7,253 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 7,253 sqft

Price per Sqft $481

MLS Listing ID 1025353

HOA Y/N No

Annual Tax Amount $16,686

Tax Year 2025

Lot Size 0.950 Acres

Acres 0.95

Property Sub-Type Office

Property Description

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

Location

Province BC

County Duncan, City Of

Community Du West Duncan

Area Duncan

Zoning P-1

Interior

Heating Heat Pump

Cooling Air Conditioning

Flooring Mixed

Inclusions Leasehold Improvements

Fireplace No

Exterior

Exterior Feature Fencing: Partial, Security System, Sign: Allowed

Parking Features On Site

View Y/N No

Street Surface Paved

Garage No

Building

Lot Description Easy Access, Landscaped, Level, Rectangular Lot, Serviced

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Municipal

Others

Ownership Freehold

Acceptable Financing Must Be Paid Off

Listing Terms Must Be Paid Off

Special Listing Condition Updated/Remodeled

Jason Simard

Jason Simard

Agent

+1(250) 591-1160

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3088 Gibbins Rd