Area: British Columbia
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Exceptional opportunity situated in a rapidly evolving area of Colwood. Offering a functional single-family home with immediate livability and exceptional upside, this property is ideal for buyers looking to renovate, invest, or secure a long-term holding property in one of the West Shore's most exciting growth corridors. Whether you're searching for a place to call home, a revenue-generating investment, or land with long-term potential, this property offers outstanding flexibility. The home provides comfortable living today with plenty of opportunity to add your own vision over time. Updates include an updated kitchen and bathrooms, a well-maintained roof, and the added convenience of an EV charger, creating a solid foundation for future improvements. The spacious lot offers room to enjoy outdoor living while providing excellent long-term value in an area experiencing continued investment and redevelopment. The existing R1 zoning permits a variety of residential uses, including a secondary suite, accessory dwelling unit, and other permitted uses. Purchasers may also wish to explore opportunities available under current and future municipal and provincial housing initiatives, including small-scale multi-unit housing where applicable. Buyers are encouraged to complete their own due diligence with the City of Colwood regarding any future development or redevelopment potential. Ideally located just minutes from shopping, restaurants, schools, parks, recreation facilities, public transit, Royal Roads University, the Galloping Goose Trail, and quick access to Highway 1, you'll enjoy the convenience of everyday amenities while benefiting from Colwood's continued growth and investment. Whether your goal is to move in immediately, renovate over time, generate rental income, or hold as a strategic long-term investment, this property offers a rare combination of lifestyle, location, and future potential. (id:44056)

Property Details

Full Address:
588 Heatherly Rd, Colwood, British Columbia
Price:
$ 999,900
MLS Number:
1042087
List Date:
July 2nd, 2026
Neighbourhood:
Wishart North
Lot Size:
10830 sq.ft.
Year Built:
1950
Taxes:
$ 3,827

Interior Features

Bedrooms:
4
Bathrooms:
2
Air Conditioning:
Fully air conditioned, Air Conditioned
Heating:
Heat Pump, Baseboard heaters, Electric
Fireplaces:
1

Building Features

Zoning:
Residential
Garage:
Stall
Garage Spaces:
6
Pool:
Outdoor pool
Ownership Type:
Freehold
Taxes:
$ 3,827

Floors

Finished Area:
2563 sq.ft.

Land

Lot Size:
10830 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Casey Doran Engel & Volkers Vancouver Island
 250-802-8193
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Listing Agent(s)

Listing: Casey Doran
Engel & Volkers Vancouver Island

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