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:








