Extreme weather events, climate change, and biodiversity loss are connected by both cause and solution. The impacts of climate change are already apparent as the frequency and magnitude of extreme weather events are increasing, undermining progress made across the globe toward sustainable development. These impacts are magnified by unsustainable and unplanned development, leading to lost biodiversity and ecosystem services, further reducing the ability of communities to respond and recover. As warming increases, the frequency and intensity of these hazards will also increase while at the same time making it more difficult to adapt to and mitigate disasters—the aftermath of hazards. Nature-based solutions provide opportunities to mitigate and adapt to climate change impacts, reduce the risk of disasters, enhance biodiversity, and build sustainable and resilient communities. They are cost-effective approaches that conserve, restore and enhance the natural environment. Using the 2014 flood event in the City of Burlington (Ontario, Canada), this study takes stock of flood risk in the region and how nature-based solutions provide significant co-benefits toward reducing disaster risks.