- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1004836
- Year Built:
- 1996
- Photos (44)
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Exceptional income property in the historic downtown core area of Duncan with a 6% cap rate. The property has strong tenancies with a long term track record of full occupancy. The main tenant is a highly respected law firm that has been a tenant since 1996 (occupies approximately 75% of the leasable space). The remaining leasable space (approximately 25%) is held by well established tenants including four separate health and wellness businesses. The property is supported by a vibrant community that is seeing significant growth and revitalization. Duncan is located in Southern Vancouver Island and is 60 KM north of Victoria and 50 KM south of Nanaimo. Duncan is the main business and shopping center for the Cowichan Valley. This property is only suitable for an income investor that desires strong tenancies with low turnover and long-term leases. Do not approach tenants and all sizes are approx. and should be verified by the Buyer. Income Investors only - long term leases in place.
- Property Type:
- Commercial Sale
- Type:
- Office
- Commercial Type:
- Building, Land
- Year built:
- 1996 (Age: 29)
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Du West Duncan, Duncan
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 15,855 sq. ft.
- Taxes:
- Signup
- Building Features:
- Basement, High Traffic Area, Kitchen/Staff Room, Leasehold Improvements, Parking, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure
- Construction:
- Concrete, Frame Wood, Insulation: Ceiling, Insulation: Walls, Shingle-Other, Stucco
- New Construction:
- No
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Number of Storeys:
- 2
- Ceiling Heights:
- Signup
- Floor finish:
- Mixed
- Total Building Area:
- 10,913 sq. ft.
- Leasable Area:
- 8,148 sq. ft.
- Commercial Area:
- Signup
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- HVAC
- Heating:
- Heat Pump
- Fireplace:
- No
- Pending Date:
- Signup
- Real Estate
- See Remarks
- Balcony/Patio, Lighting, Low Maintenance Yard, Sign: Allowed, Wheelchair Access
- City, Mountain(s)
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Occupancy:
- Tenant
- Property Condition:
- Updated/Remodeled
- Utilities:
- Cable Connected, Electricity Connected, Garbage, Natural Gas Available, Phone Connected
- Lot Site Features:
- Central Location, Curb & Gutter, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk
- Parking Features:
- On Site
- Total Parking Spaces:
- 22
- Total Units:
- Signup
- Date Listed:
- Jul 14, 2025
- Original Price:
- 1600000.0
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Listed by Coldwell Banker Oceanside Real Estate
Data was last updated July 16, 2025 at 06:05 AM (UTC)
Area Statistics
- Listings on market:
- 13
- Avg list price:
- $1,650,000
- Min list price:
- $599,000
- Max list price:
- $14,000,000
- Avg days on market:
- 102
- Min days on market:
- 1
- Max days on market:
- 722
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.
- DUSTIN MCDOWELL
- COLDWELL BANKER OCEANSIDE
- 1 (250) 8931009
- Contact by Email
Coldwell Banker Oceanside
Office Address:
3194 Douglas St
Victoria, BC, V8Z 3K6