25 Cavan St, NANAIMO

2025-09-15
 

Quick Summary

Location
25 Cavan St, NANAIMO, British Columbia V9R2T9
Price
$1,795,000 CAD
Status:
For Sale
Property Type:
Office

MLS®#1013945

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. (id:32467)

Property Features

Building

  • Fireplace: No
  • Building Type: Offices

Land

  • Land Size: 7007 sqft

Ownership

  • Type: Freehold

Zoning

  • Description: DT9

Information entered by RE/MAX Camosun
Listing information last updated on: 2025-09-15 18:27:35


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$500,000

Your One Percent Realty Commission savings

$500,000

Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.

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