Acquire a stabilized investment property in the heart of Nanaimo’s Old City District. Situated prominently on the southeast corner of Cavan Street and Albert Street, this property is fully leased to Doane Grant Thornton LLP, providing secure income with a 5.10% cap rate. The current lease term runs until September 2026. Originally constructed in 1949 by the Provincial Government, the building is a distinguished example of Streamline Moderne architecture and carries Heritage designation, underscoring its historical significance.
Ample pay or permit parking available in 2 adjacent lots.
Address
25 Cavan St
List Price
$1,795,000
Property Type
Commercial Sale
Type of Dwelling
Office
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Old City
Lot Size
7007 Sq. Ft.
Lot Size (Acres)
0.16 Ac.
MLS® Number
1013945
Listing Brokerage
RE/MAX Camosun
Postal Code
V9R 2T9
Tax Amount
$22,091.89
Tax Year
2025
