REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,795,000
Est. payment | /mo
6,969 Sqft Lot
$ 1,795,000
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1013945
Rental Info Unrestricted
Annual Tax Amount $22,091
Tax Year 2025
Lot Size 6,969 Sqft
Acres 0.16
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
Area Na Old City
Zoning DT9
Building
Building Description Concrete, High Traffic Area,Shopping Nearby,Transit Nearby
Structure Type Concrete
Others
Pets Allowed Yes
Tax ID 023-219-327
Ownership Freehold
Listed by RE/MAX Camosun
