3088 Gibbins Rd, DUNCAN

2026-02-06
 

Quick Summary

Location
3088 Gibbins Rd, DUNCAN, British Columbia V9L1E8
Price
$3,490,000 CAD
Status:
For Sale
Property Type:
Office

MLS®#1025353

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:32467)

Property Features

Building

  • Cooling Type: Air Conditioned
  • Fireplace: No
  • Building Type: Offices

Features

  • Feature: Level lot, Other, Rectangular

Land

  • Land Size: 0.95 ac

Ownership

  • Type: Freehold

Zoning

  • Description: P-1

Information entered by Royal LePage Duncan Realty
Listing information last updated on: 2026-02-11 19:02:13


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Your One Percent Realty Commission savings

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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same. Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.

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Per Dahlstrom REALTOR®

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