An exciting development opportunity in the growing seaside community of Ladysmith on Vancouver Island. This 3.68-acre vacant site carries a Multi-Family Residential OCP designation supporting buildings up to 6-storeys and FSR up to 2.2, for a maximum buildable of 352,840 SF, which provides developers exceptional scale and flexibility. Perfectly positioned along the Trans-Canada Highway between Nanaimo and Duncan, the site offers incredible harbour views and benefits from paved roads, curbing, and utilities already in place from the adjacent single-family subdivision. There are strong market dynamics with Ladysmith drawing steady migration from higher-cost urban markets as residents seek attainable housing and a lifestyle-oriented setting. The town recorded 5.3% population growth between 2016 and 2021, and ongoing subdivision activity confirms the neighbourhood's continued development trajectory. This is an exceptional acquisition for developers and investors ready to capitalize on a supply-constrained Vancouver Island market with strong lifestyle fundamentals and convenient highway connectivity.