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
Wishart North single-family averages, updated daily. See Wishart North market stats or Colwood market stats.
It is listed at $969,900.
A Single Family Residence in Wishart North, Colwood with 4 bedrooms, 2 bathrooms, 2,563 sqft, built in 1950.
It has 6 parking spaces.
The lot is 10,830 sqft (0.25 acres).
588 Heatherly Rd, Colwood was originally listed at $999,900, then reduced to $969,900 (3.0% reduction).
Colwood is currently a seller's market: median sold price $943,000, 3.6 months of inventory, homes typically selling in about 29 days.
There are 6 houses for sale in Wishart North, Colwood right now. Browse all Wishart North, Colwood houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Wishart North, Colwood is $943,000, based on 32 sales over the past 12 months. The median price per square foot is $456. Compare asking prices across the houses currently for sale in Wishart North, Colwood.
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 7, 2026.
