A Reputation Built on Trust & Results -
$3,490,000 - MLS® 1025353

3088 Gibbins Rd

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This is only a guide. Please verify this information with your mortgage specialist.

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

Title:
Freehold 
Transaction Type:
 
Includes Building:
No 
Includes Business:
No 
Includes Land:
No 
Sale/Lease Type:
Sale of Assets 
Possession:
Negotiable 
Possession Notes:
 
Taxes:
$16,686.38 2025 
Year Built:
 
Additional Rent/SqFt:
 
Existing Lease Expiration Date:
 
Business Name:
 
Business Established:
 
Gross Income:
 
Net Income:
 

Building Details

Building Features:
Leasehold Improvements,Parking,Transit Nearby 
Building Type:
 
Accessibility:
 
Construction Foundation:
Poured Concrete 
Exterior Finish:
Fencing: Partial,Security System,Sign: Allowed 
Exterior Features:
Fencing: Partial,Security System,Sign: Allowed 
Cooling:
Air Conditioning 
Heat:
Heat Pump 
Approx. Value of Fixed Equip:
 
Parking Spaces:
 
Stories:
 

Lot Information

SqFt:
41382 
Acres:
0.95 
Total SqFt:
7253 
Lot:
132x315 
Lot Shape:
 
Lot Features:
Easy Access,Landscaped,Level,Rectangular Lot,Serviced 
Lot Frontage:
 
Water:
Municipal 
Waste:
Sewer Connected 
Parking:
 
Location Features:
Easy Access,Landscaped,Level,Rectangular Lot,Serviced 

Strata Information

Complex:
 
Managed By:
 
Monthly Assessment:
Shared Amenities: