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44 Queens Rd
Du West Duncan Duncan V9L 2W4

$1,600,000
Commercial Sale built: 1996

Main Photo: 44 Queens Rd in Duncan: Du West Duncan Office for sale : MLS®# 1004836
Photo 1: 44 Queens Rd in Duncan: Du West Duncan Office for sale : MLS®# 1004836
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Photo 44: 44 Queens Rd in Duncan: Du West Duncan Office for sale : MLS®# 1004836
Status:
Sold
Sold Date:
Aug 28, 2025
Sold Price:
$1,600,000
Sold in:
45 days
Prop. Type:
Commercial Sale
MLS® Num:
1004836
Year Built:
1996
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
Listing General Location:
Du West Duncan, Duncan
Bathrooms:
- (Full:-/Half:-)
Lot Size:
15,855 sq. ft.
Taxes:
$31,631 / 2024
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
Floor finish:
Mixed
Total Building Area:
10,913 sq. ft.
Leasable Area:
8,148 sq. ft.
Commercial Area:
Other
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
HVAC
Heating:
Heat Pump
Fireplace:
No
Pending Date:
Aug 11, 2025
Date Sold:
Aug 28, 2025
Real Estate
See Remarks
Balcony/Patio, Lighting, Low Maintenance Yard, Sign: Allowed, Wheelchair Access
City, Mountain(s)
Main Level
0
Yes
No
Unrestricted
Assessed:
1589000.0
Assessment year:
2025
Jurisdiction name:
City of Duncan
Legal Description:
Lot 2, Plan VIP33736, Section 17, Range 6, Quamichan Land District
Zoning:
Neighbourhood Commercial
Units in Building:
5
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:
5
Date Listed:
Jul 14, 2025
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Listed by Coldwell Banker Oceanside Real Estate, sold on August, 2025
Data was last updated August 31, 2025 at 04:05 PM (UTC)
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.