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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. (id:45055)
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Property Details
MLS® Number 1013945 Property Type Office Neigbourhood Old City Plan Vip62150 -
Building
SizeExterior 6802 Sqft Type Offices -
Land
Acreage No SizeIrregular 7007 SizeTotal 7007 Sqft SizeTotalText 7007 Sqft ZoningDescription Dt9 ZoningType Unknown -
Rooms
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Utilities
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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 15 2025 06:27:35
Victoria Real Estate Board
RE/MAX Camosun
