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$3,490,000
British Columbia,Duncan
For Sale Active
3088 Gibbins Rd, Duncan, British Columbia V9L1E8
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Basic Details
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 (id:62650)

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Basic Details
  • Property Type: Commercial Sale
  • Listing Type: For Sale
  • Listing ID: 1025353
  • Price: $3,490,000
  • Status: Active
  • Property Sub Type: Office
  • Office Key: 52836
Features & Appliances
Features
  • Heating System: Heat Pump
  • Cooling System: Air Conditioned
Address Map
  • Location: CA, British Columbia, Duncan, V9L1E8
  • Street: Gibbins
  • Street Number: 3088
  • Street Suffix: Road
  • Longitude: W124° 16' 28.5''
  • Latitude: N48° 47' 3.7''
  • Zoning: Unknown
Additional Information
  • Lot Features:
  • Lot Size Dimensions: 0.95
Financial
  • Tax Annual Amount: 16686.38
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Listing updated: 2026-06-13 17:50:42
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Listing Information
  • List Agent Key: 1435531
  • List Office Key: 52836
  • Modification Timestamp: 2026-03-23T23:50:44Z
  • Originating System Name: Vancouver Island Real Estate Board
  • Status Change Timestamp: 2026-03-23T23:42:29Z
Powered by REALTOR.ca
Listing updated: 2026-06-13 17:50:42
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