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4 Bed Single Family Detached in Colwood

$969,900 - ML# 1042087
588 Heatherly Rd
Colwood - Co Wishart North

This is only a guide. Please verify this information with your mortgage specialist.

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.

Real Estate Type:
Single Family Detached 
Layout:
Main Level Entry with Upper Level(s) 
Bedroom(s):
Bathroom(s):
Finished Sq. Ft.:
2563 
Unfinished Sq. Ft.:
752 
Taxes:
$3,826.59 (2025) 
Year Built:
1950 
Elementary School:
 
Junior School:
 
Senior School:
 

Interior Details

Main Level:
 
Fireplace(s):
Bedroom(s):
Bathroom(s):
Basement Height:
8 ft - 0 in
Basement Description:
Other 
Interior Features:
Sauna 
Appliances Included:
 

Building Details

Building Style:
Swimming Pool 
Building Warranty:
 
Accessibility:
 
Materials:
Insulation: Ceiling,Insulation: Walls 
Exterior Finish:
 
Foundation:
Poured Concrete 
Roof:
Asphalt Shingle 
Heat/Air:
Baseboard,Electric,Heat Pump 
Fuel:
 
Leased Equip:
 
Exterior Features:
 
Faces:
Northeast (front) - (rear) 

Lot Information

SqFt:
10830 
Acres:
0.25 
Frontage:
 
Depth:
 
Lot Shape:
95x114 
Water:
Municipal 
Waste:
Septic System 
Zoning:
 
Parking Spaces:
 
Driveway:
 
Parking Type:
Driveway 
Lot Features:
Cul-de-sac,Curb & Gutter 

Room Dimensions

Room Name Level 1Level 2Level 3Level 4Level 5Other
Sq. Ft 1297.00406.00860.000.000.00
Entrance12x8
Living Room17x163
Dining Room11x10
Bathroom4-Piece
Kitchen16x10
Bedroom - Primary14x10
Walk-in Closet8x8
Bathroom4-Piece
Bedroom12x11
Bedroom11x9
Rec Room17x15
Den10x9
Storage16x6
Storage10x7
Unfinished Rooms
Deck20x12

Listed with:

Engel & Volkers Vancouver Island
Phone: 250-802-8193 / Fax:

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NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.