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589 Ledsham Rd, Colwood
Hatley Park · Single Family Residence · MLS® 1050634 · Listed Sep 25, 2026
589 Ledsham Road offers builders, investors and commercial owner-users an opportunity to acquire a level development site in Colwood's growing West Shore market. The 16,553 sq. ft. property provides approximately 72.5 ft. of frontage and is located just off the Sooke Road commercial corridor. Community Commercial (C2) zoning permits a broad range of uses, including retail, restaurants, offices, personal services, daycare and fitness facilities. Current zoning allows a maximum 1.0 FAR, representing approximately 16,553 sq. ft. of buildable floor area, with up to 50% lot coverage and a maximum height of three storeys. The property is improved with an approximately 2000 sq. ft. single-family home generating holding income on a month on a month-to-month tenancy, while providing ample storage and parking for commercial activities. A 2021 Phase I ESA did not recommend further Phase II investigation. Development potential is subject to municipal approval and purchaser due diligence.
| Property Type | Single Family Residence |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Interior | 1,212 sqft |
| Lot Size | 16,553 sqft (0.38 acres) |
| Parking | 20 spaces |
| Year Built | 1955 |
| Heating | Electric |
| Basement | Full, Partially Finished |
| Exterior | Frame Wood |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Water | Municipal |
| Sewer | Septic System |
| Zoning | Commercial |
| Taxes | $13,216 (2026) |
| Laundry | In House |
| MLS® # | 1050634 |
| Brokerage | Pemberton Holmes Ltd. |
For sale now at $1,450,000.
No registered sales on file yet.
Sources: MLS® (current listing and 8X deals), BC Assessment / Land Title, used under licence. Days on market are per listing. Terms of Use.
Similar properties sold within 6 months
173 sales in Colwood 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.
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173 sales in Colwood 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
Colwood single-family averages, updated daily. See Colwood market stats or full dashboard.
It is listed at $1,450,000.
A Single Family Residence in Hatley Park, Colwood with 3 bedrooms, 1 bathrooms, 1,212 sqft, built in 1955.
It has 20 parking spaces (Additional Parking, Driveway, On Street, Open).
The lot is 16,553 sqft (0.38 acres).
Colwood is currently a seller's market: median sold price $1,102,000, 3.5 months of inventory, homes typically selling in about 47 days.
There are 48 houses for sale in Colwood right now. Browse all Colwood houses for sale to see current listings, updated daily from the MLS® system.
The median house sold price in Colwood is $1,102,000, based on 173 sales over the past 12 months. The median price per square foot is $462. Compare asking prices across the houses currently for sale in Colwood.
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: Oct 24, 2026.
