3088 Gibbins Rd, Duncan, BC V9L 1E8
- $3,490,000
Courtesy of Royal LePage Duncan Realty
- List Price
- $3,490,000
- Status
- ACTIVE
- MLS®
- 1025353
- Property Type
- Commercial
- Acres
- 0.95
- Lot Size
- 41,382
- District
- Duncan
- Neighbourhood
- Du West Duncan
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
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Additional Information
- Lot Features
- Easy Access, Landscaped, Level, Rectangular Lot, Serviced
- Heating
- Heat Pump
- Flooring
- Mixed
- Exterior Features
- Fencing: Partial, Security System, Sign: Allowed
- Parking Type
- On Site
- Taxes
- $16,686
- Rentals Allowed
- Unrestricted
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