- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1013945
- Photos (40)
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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 Type:
- Commercial Sale
- Type:
- Office
- Commercial Type:
- Building
- Lease Type:
- Sale of Assets
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
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- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 7,007 sq. ft.
- Taxes:
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- Building Features:
- High Traffic Area, Shopping Nearby, Transit Nearby
- Construction:
- Concrete
- New Construction:
- No
- Ceiling Heights:
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- Total Building Area:
- 6,802 sq. ft.
- Commercial Area:
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- Fireplace:
- No
- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Total Units:
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- Date Listed:
- Sep 10, 2025
- Original Price:
- 1795000.0
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Listed by RE/MAX Camosun
Data was last updated September 16, 2025 at 04:05 PM (UTC)
Area Statistics
- Listings on market:
- 29
- Avg list price:
- $750,000
- Min list price:
- $55,000
- Max list price:
- $3,750,000
- Avg days on market:
- 131
- Min days on market:
- 6
- Max days on market:
- 510
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- KRISTIE HAZ
- EXP REALTY
- 1 (250) 8830477
- Contact by Email
KRISTIE HAZ
Personal Real Estate Corporation
Location
Vancouver Island, BC
