163
Days on Market
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.
Property Details
| Property Type | Commercial Sale |
| Property Sub Type | Office |
| Listing ID | 1013945 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Old City |
| Postal Code | V9R 2T9 |
| Property Taxes | $22,091.89 (2025) |
| Zoning | DT9 |
| Construction | Concrete |
| Listed Date | Sep 15, 2025 |
| Ownership | Freehold |
| Lot Size | 0.16 acres |
Building Details
| Stories | -1 |
| Exterior Size | 6802 sqft |
Additional Information
| Land Size | 7007 sqft |
| Building Type | Offices |
| Transaction | For sale |