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Listed by John MacDonald RE/MAX Camosun
$ 1,795,000
Est. payment /mo
Active
25 Cavan St Nanaimo, BC V9R 2T9
6,802 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 6,802 sqft
Price per Sqft $263
MLS Listing ID 1013945
HOA Y/N No
Annual Tax Amount $22,091
Tax Year 2025
Lot Size 6,969 Sqft
Property Sub-Type Office
Property Description
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.
Ample pay or permit parking available in 2 adjacent lots.
Location
Province BC
County Nanaimo, City Of
Community Na Old City
Area Nanaimo
Zoning DT9
Exterior
View Y/N No
Garage No
Building
Locker No
Others
Ownership Freehold