3088 Gibbins Rd
Du West Duncan Duncan V9L 1E8

$3,490,000
Commercial Sale

Main Photo: 3088 Gibbins Rd in Duncan: Du West Duncan Office for sale : MLS®# 1025353
Photo 1: 3088 Gibbins Rd in Duncan: Du West Duncan Office for sale : MLS®# 1025353
Photo 2: 3088 Gibbins Rd in Duncan: Du West Duncan Office for sale : MLS®# 1025353
Photo 3: 3088 Gibbins Rd in Duncan: Du West Duncan Office for sale : MLS®# 1025353
Photo 4: 3088 Gibbins Rd in Duncan: Du West Duncan Office for sale : MLS®# 1025353
Photo 5: 3088 Gibbins Rd in Duncan: Du West Duncan Office for sale : MLS®# 1025353
Photo 6: 3088 Gibbins Rd in Duncan: Du West Duncan Office for sale : MLS®# 1025353
Photo 7: 3088 Gibbins Rd in Duncan: Du West Duncan Office for sale : MLS®# 1025353
Photo 8: 3088 Gibbins Rd in Duncan: Du West Duncan Office for sale : MLS®# 1025353
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
1025353
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
Property Type:
Commercial Sale
Type:
Office
Commercial Type:
Building, Land
Lease Type:
Sale of Assets
Listing General Location:
Du West Duncan, Duncan
Bathrooms:
- (Full:-/Half:-)
Lot Size:
0.95 acre(s)
Lot Details:
132x315
Building Features:
Leasehold Improvements, Parking, Transit Nearby
Construction:
Frame Wood, Insulation All, Vinyl Siding
New Construction:
No
Foundation:
Concrete Perimeter
Floor finish:
Mixed
Leasable Area:
7,253 sq. ft.
Subdivisable Area:
Yes
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Air Conditioning
Heating:
Heat Pump
Fireplace:
No
Leasehold Improvements
Fencing: Partial, Security System, Sign: Allowed
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
District of North Cowichan
Zoning:
P-1
Occupancy:
Tenant
Property Condition:
Updated/Remodeled
Lot Site Features:
Easy Access, Landscaped, Level, Rectangular Lot, Serviced
Parking Features:
On Site
Road Surface Type:
Paved
Date Listed:
Feb 06, 2026
Original Price:
3490000.0
  • Photo 1: 3088 Gibbins Rd in Duncan: Du West Duncan Office for sale : MLS®# 1025353
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Listed by Royal LePage Duncan Realty
Data was last updated March 8, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
21
Avg list price:
$1,700,000
Min list price:
$400,000
Max list price:
$12,000,000
Avg days on market:
65
Min days on market:
11
Max days on market:
957
These statistics are generated based on the current listing's property type and located in Du West Duncan. Average values are derived using median calculations. This data is not produced by the MLS® system.
LAURA LEPPARD
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.