Courtesy of Coldwell Banker Oceanside Real Estate
Exceptional income property in the historic downtown core of Duncan, boasting a strong ~6.4% cap rate (based on current NOI) with the potential for partial owner occupancy (1,500 sq ft). The spacious second floor (approx. 3,600 sq ft) features multiple (6-7) offices and 3 large open flex spaces (used as 2 class rooms / 1 Kitchen), perfect for various business needs. The lower level (approx. 3,600 sq ft), facing Trunk Rd, one of Duncan's busiest streets, offers excellent visibility and foot traffic. This property is set in a vibrant community experiencing growth and revitalization, making it an ideal investment opportunity. Conveniently located on Southern Vancouver Island, Duncan serves as the main business and shopping hub for the Cowichan Valley, situated 60 KM north of Victoria and 50 KM south of Nanaimo. Please do not approach tenants; all sizes are approx. and should be verified by the buyer. This proposed transaction is a share sale. New roof and additional improvements - 2025.
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