4 Bed Single Family Detached in Colwood

$969,900

588 Heatherly Rd
MLS® NO: 1042087

Description

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 in one of the West Shore's most exciting growth corridors. Whether you're searching for a place to call home, a revenue-generating investment, or land with long-term potential, this property offers outstanding flexibility. The home provides comfortable living today with plenty of opportunity to add your own vision over time. Updates include an updated kitchen and bathrooms, a well-maintained roof, and the added convenience of an EV charger, creating a solid foundation for future improvements. The spacious lot offers room to enjoy outdoor living while providing excellent long-term value in an area experiencing continued investment and redevelopment. The existing R1 zoning permits a variety of residential uses, including a secondary suite, accessory dwelling unit, and other permitted uses. 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. Buyers are encouraged to complete their own due diligence with the City of Colwood regarding any future development or redevelopment potential. Ideally located just minutes from shopping, restaurants, schools, parks, recreation facilities, public transit, Royal Roads University, the Galloping Goose Trail, and quick access to Highway 1, you'll enjoy the convenience of everyday amenities while benefiting from Colwood's continued growth and investment. Whether your goal is to move in immediately, renovate over time, generate rental income, or hold as a strategic long-term investment, this property offers a rare combination of lifestyle, location, and future potential.

General

Property Type:Single Family Detached
Title of Ownership:LOT 4, PLAN VIP12375, SECTION 69, ESQUIMALT LAND DISTRICT
Layout:Main Level Entry with Upper Level(s)
Taxes:$3,827
Tax Year:2025
Finished Sq. Ft.:2,563
Unfinished Sq. Ft.:752
Year Built:1950

Display Full Description

Interior Details

Bedroom(s): 4
Bathroom(s): 2
Basement Type: Other
Basement Description: 1
Interior Features: Sauna

Building Details

Foundation: Poured Concrete
Roof: Asphalt Shingle
Heat/Air: Baseboard, Electric, Heat Pump

Site Influences

Lot SqFt: 10,830
Acres: 0.25
Lot Shape: 95x114
Water: Municipal
Waste: Septic System
Parking: Driveway
Lot Features: Cul-de-sac, Curb & Gutter

Strata Lot Information

Rental Restrictions: Unrestricted

Room Dimensions

Lower Level

Bedroom12x11
Bedroom11x9
Den10x9
Rec Room17x15
Storage16x6
Storage10x7

Main Level

Bathroom4-Piece
Bathroom4-Piece
Bedroom - Primary14x10
Dining Room11x10
Entrance12x8
Kitchen16x10
Living Room17x163
Walk-in Closet8x8

Second Level

Bedroom14x12
Bonus Room16x12

Unfinished

Deck20x12
Other24x24

Property Details

Beds: 4
Baths: 2
Sq. Feet: 2,563
Year Built: 1950
Property Type: Single Family Detached
Municipality: Colwood

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Listed with:

Casey DoranEngel & Volkers Vancouver Island
Phone: 250-802-8193

NOTE: 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.