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25 Cavan St 6,549 SF Vacant Office Building Nanaimo, BC V9R 2T9 $1,795,000 CAD ($274.09 CAD/SF)
Investment Highlights
- Prominent corner exposure with strong street presence.
- Potential for mixed-use or live/work configuration.
- Broad DT9 zoning supporting multiple business types.
- Walkable downtown location near waterfront and transit.
Executive Summary
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. 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
6,549 SF
Building Class
C
Year Built
1949
Price
$1,795,000 CAD
Price Per SF
$274.09 CAD
Percent Leased
Vacant
Building Height
1 Story
Typical Floor Size
6,549 SF
Building FAR
0.93
Lot Size
0.16 AC
Zoning
DT9 - Old City Central
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
60/100
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25 Cavan St
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