For Sale · Office

25 Cavan St, Nanaimo

25 Cavan St, Nanaimo, BC V9R2T9

$1.6M total

6,802 SF

Asset Class

Office

Size

6,802 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

$243

Occupancy

89%

Lot Size

0.16085858585858587 ac

About this property

Located on the high-profile corner of Cavan Street and Albert Street, this ±6,549 SF standalone building provides a rare opportunity to secure a central, highly visible location with immediate usability and long-term upside. The existing improvements include a functional mix of private offices, open work areas, meeting rooms, and reception —well suited for professional firms, medical or wellness users, education providers, and customer-facing businesses. Zoned DT9 (Old City Central), the property supports a broad range of permitted uses including: Office and professional use, retail, personal and medical service, community services, daycare, educational facilities, among many others. Originally constructed in 1949 by the Provincial Government, the building showcases distinctive Streamline Moderne architecture and carries heritage designation—offering a unique combination of character, presence, and long-term positioning within Nanaimo’s revitalizing downtown core. Key Highlights: - Vacant possession. - ±6,549 SF building on ±7,007 SF lot - Prominent corner exposure with strong street presence - Functional improvements suitable for immediate use - Broad DT9 zoning supporting multiple business types - Walkable downtown location near waterfront and transit This is a rare opportunity to secure a standalone downtown building that not only accommodates your business today, but adapts with it into the future. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.65M
Down payment30% · $495K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$90K

Annual cash flow

$-1K

Cash-on-cash

-0.25%

DSCR

0.99

Going-in cap

5.47%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP6,054 SF2033-09

Area demographics

Trade area within 3 miles of the property.

Population

85,205

Households

34,202

Median income

$112,500

Median age

32.8

Daytime population

101,578

5-yr growth

0.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 25 Cavan St, Nanaimo.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.