Colliers is pleased to present the opportunity to acquire 6084 & 6088 Metral Drive, Nanaimo, B.C. (collectively, the “Property”), a zoned 1.61-acre multifamily development site located in one of Nanaimo’s most active growth corridors. Strategically positioned along Metral Drive, the Property benefits from excellent visibility, a strong arterial connection to the Nanaimo Parkway and Island Highway, and proximity to major commercial and retail hubs. With Residential Corridor One (COR1) zoning in place, the Property has conceptual plans for a six-storey, 118-unit multifamily development with underground parking, offering developers immediate scale and entitlement certainty. Nanaimo continues to experience robust population and employment growth, with demand for purpose-built rental housing significantly outpacing supply. This opportunity aligns with the City of Nanaimo’s long-term planning objectives, encouraging higher-density housing along transit-supported corridors.