131 Milburn Dr, Colwood
Lagoon · Single Family Residence · MLS® 1049364 · Listed Sep 15, 2026
Set in a desirable Colwood location with ocean & lagoon views, 131 Milburn Dr offers a spacious and flexible layout. Whether you choose to renovate the existing home or explore redevelopment possibilities, this property presents an exciting opportunity in a fantastic location. The bright main level features a generous living room with fireplace and large windows, a separate dining area, and an oversized kitchen with abundant cabinetry and an island. Sliding doors open to a patio where you can relax and enjoy the views. Three bedrooms are located on the main floor, including a primary bedroom with ensuite, plus an additional full bathroom. The lower level offers more versatility with a bedroom, flex room, kitchenette, living and dining areas, bathroom, laundry, workshop, and separate entry, making it well suited for extended family, guests, or additional living space. A carport, mature landscaping, and approximately 2,614 sq. ft. of finished living space complete this unique property.
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 3 |
| Interior | 3,000 sqft |
| Lot Size | 11,610 sqft (0.27 acres) |
| Lot Features | Curb & Gutter, Private, Rectangular Lot |
| Parking | 5 spaces |
| Year Built | 1954 |
| Fireplaces | 1 |
| Heating | Baseboard, Hot Water |
| Basement | Partially Finished, Walk-Out Access, With Windows |
| Exterior | Stucco |
| Roof | Tar/Gravel |
| Foundation | Concrete Perimeter |
| Flooring | Wood |
| Water | Municipal |
| Sewer | Sewer To Lot |
| Zoning | Residential |
| Taxes | $5,529.76 (2026) |
| Extras | Dishwasher, Dryer, Oven Built-In, Refrigerator, Washer |
| MLS® # | 1049364 |
| Brokerage | RE/MAX Camosun |
30 homes sold in Lagoon in the last 12 months, with prices and dates. Board rules keep past sale prices and dates behind a sign-in.
free account · one email · no obligation · already a member? log in
30 homes sold in Lagoon in the last 12 months, with prices and dates. Board rules keep past sale prices and dates behind a sign-in.
free account · one email · no obligation · already a member? log in
Similar properties sold within 6 months
30 sales in Lagoon in the last 12 months — sold prices, dates and days on market for the closest recent sales. Free with an 8X account; board rules require the sign-in.
free account · one email · no obligation · already a member? log in
30 sales in Lagoon in the last 12 months — sold prices, dates and days on market for the closest recent sales. Free with an 8X account; board rules require the sign-in.
free account · one email · no obligation · already a member? log in
Lagoon single-family averages, updated daily. See Lagoon market stats or Colwood market stats.
It is listed at $1,150,000.
A Single Family Residence in Lagoon, Colwood with 4 bedrooms, 3 bathrooms, 3,000 sqft, built in 1954.
It has 5 parking spaces (Attached, Carport, Driveway, RV Access/Parking).
The lot is 11,610 sqft (0.27 acres).
Colwood is currently a balanced market: median sold price $1,280,250, 6 months of inventory, homes typically selling in about 43 days.
There are 4 houses for sale in Lagoon right now. Browse all Lagoon houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Lagoon is $1,280,250, based on 30 sales over the past 12 months. The median price per square foot is $465. Compare asking prices across the houses currently for sale in Lagoon.
NOTE: MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Sep 16, 2026.
