REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,490,000
Est. payment /mo
Active
3088 Gibbins Rd Duncan, BC V9L1E8
0.95 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision West Duncan
MLS® Listing ID 1025353
Lot Size 0.950 Acres
Acres 0.95
Property Sub-Type Freehold
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 (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating Heat Pump
Cooling Air Conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by Royal LePage Duncan Realty