3088 Gibbins Rd Duncan, British Columbia V9L 1E8
$3,490,000
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:59709)
Property Details
| MLS® Number | 1025353 |
| Property Type | Office |
| Neigbourhood | West Duncan |
| Features | Level Lot, Other, Rectangular |
| Plan | Vip2251 |
Building
| Cooling Type | Air Conditioned |
| Heating Type | Heat Pump |
| Type | Offices |
Land
| Access Type | Road Access |
| Acreage | No |
| Size Irregular | 0.95 |
| Size Total | 0.95 Ac |
| Size Total Text | 0.95 Ac |
| Zoning Description | P-1 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/29333376/3088-gibbins-rd-duncan-west-duncan
Contact Us
Contact us for more information
Brian Hebbert
brianhebbert.com/
371 Festubert St.
Duncan, British Columbia V9L 3T1
(250) 746-6621
(800) 933-3156
(250) 746-1766
www.duncanrealty.ca/
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February 06 2026 05:43:09
Vancouver Island Real Estate Board
Royal LePage Duncan Realty