588 Heatherly Rd, Colwood
Wishart North · Single Family Residence · MLS® 1042087 · Listed Jul 2, 2026
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. Move in, renovate, generate rental income, or hold while the surrounding community continues to evolve. Updates include an updated kitchen and bathrooms, a well-maintained roof, and the added convenience of an EV charger, providing a solid foundation for future improvements. The existing R1 zoning permits a variety of residential uses, including a secondary suite, accessory dwelling unit, and other permitted uses, while 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. Conveniently located minutes from shopping, restaurants, schools, parks, recreation, transit, and commuter routes.
| Property Type | Single Family Residence |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Interior | 2,563 sqft |
| Lot Size | 10,830 sqft (0.25 acres) |
| Lot Features | Cul-De-Sac, Curb & Gutter |
| Parking | 6 spaces |
| Year Built | 1950 |
| Fireplaces | 1 |
| Heating | Baseboard, Electric, Heat Pump |
| Basement | Other |
| Exterior | Insulation: Ceiling, Insulation: Walls |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Water | Municipal |
| Sewer | Septic System |
| Zoning | Residential |
| Taxes | $3,826.59 (2025) |
| MLS® # | 1042087 |
| Brokerage | Engel & Volkers Vancouver Island |
Similar properties sold within 6 months
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: Jul 3, 2026.
