3221 Heatherbell Rd, Colwood
Lagoon · Unimproved Land · MLS® 979231 · Listed Oct 23, 2024
Under Court Ordered Sale, Colliers is pleased to present the opportunity to acquire 3221 Heatherbell Road, Colwood, B.C. The property is an exceptionally well-located 3.90-acre waterfront development site, with an existing two-storey commercial heritage building also included. The heritage building, known as the Pendray House, is presently vacant. Highlights include: +/- 3.90-acre development site in the City of Colwood, offering a rare oceanfront location providing luxurious waterfront community living. Area 4 previously had a development permit for two six-storey residential buildings consisting of 62 units. Nearby amenities are abundant within a short driving distance, including Royal Roads University, Royal Bay, and the Beachlands. Delivered with zoning in place, thereby limiting entitlement risk. Flexible zoning for residential, hotel, retail, office, restaurant, and/or a senior care facility.
| Property Type | Unimproved Land |
| Lot Size | 170,023 sqft (3.9 acres) |
| Taxes | $110,896.93 (2024) |
| MLS® # | 979231 |
| Brokerage | Colliers |
Similar properties sold within 6 months
Lagoon all property types averages, updated daily. See Lagoon market stats or Colwood market stats.
It is listed at $7,900,000.
The lot is 170,023 sqft (3.9 acres).
Colwood is currently a balanced market: median sold price $1,067,500, 4 months of inventory, homes typically selling in about 49 days.
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. Data last updated: Aug 14, 2026.
