Nanaimo - 474 Pine St.
Proposal Submission Due: April 28, 2026
Housing Development Opportunity
Property Details
Posted February 17, 2026
Municipality: City of Nanaimo
Street Address: 474 Pine Street
Land Lease Length or Proposed Deal Structure: 60-Year No Cost Lease
The City of Nanaimo is seeking a developer and long-term housing owner/operator to deliver a new rental housing project at 474 Pine Street; a vacant 28,847 ft² (2,680 m²) site located on the edge of the Old City Neighbourhood leading into to the University Urban Center. The site is zoned R15 (Old City Medium Density Residential), supporting small-scale multi-family redevelopment which anticipates a building up to three storeys. The City of Nanaimo, should a developer that meets the criteria consistent with BC Builds objectives, will offer a 60-year lease at no cost for the land.
Full details of the opportunity can be found in the Property Opportunity Notice.
Key Dates:
Feb 26, 2026 - Information Session - Register Now
Mar 10, 2026 - Inquiry Deadline
Mar 17, 2026 - Deadline for Posting Addenda
Apr 28, 2026 - Submission Deadline
Register for the Information Session
When: Thursday, February 26, 2:00 PM
Details: Join us for an information session on two new BC Builds housing opportunities in Nanaimo - 6 Commercial St and 474 Pine St. Representatives from BC Housing and the City of Nanaimo will walk through project details and the BC Builds process.
How to apply
- Review detailed property information, criteria and deadlines in the Property Opportunity Notices.
- Attend an optional Property Information Session about a specific Housing Development Opportunity. Contact BC Builds info [at] bcbuildshomes.ca (info[at]bcbuildshomes[dot]ca) if you have any questions about a Property Opportunity Notice. Please do not contact landowners directly.
- Review the BC Builds Rental Supply Framework.
- Applicants can present their submission in the form and format of their choice, with the option of using this Capital and Operating Budget Template.
- Proposals must be sent to info [at] bcbuildshomes.ca (info[at]bcbuildshomes[dot]ca) on or before the due date listed in the Property Opportunity Notice.
