588 Heatherly Rd

About this home

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. (id:65179)

Property details

From the listing's public record.

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

1. Jul 2, 2026

   Listed $999,900

   ActiveMLS 1042087

2. Apr 14, 2022

   Listed $1,350,000

   Expired183 days on marketMLS 900063

3. Oct 19, 2021

   Listed $1,350,000

   Expired176 days on marketMLS 888483

Current market in Wishart North

Seller's market — 2.1 months of supply at the current sales pace.

Assessment

From publicly available property records.

Local price trend

How Wishart North has moved over the last decade.

• 3358 Ocean Blvd

  $1,774,900

  5 bd · 5 ba · 5,045 sqft · $352/sqft · 8 days on market

  Sold Jun 30, 2026 · 100% of list

• 485 Outrigger Loop

  $1,280,000

  4 bd · 4 ba · 3,649 sqft · $351/sqft · 15 days on market

  Sold Jun 30, 2026 · 98.5% of list

• 3603 Temperate Pl

  $1,675,000

  5 bd · 5 ba · 3,903 sqft · $429/sqft · 135 days on market

  Sold Jun 30, 2026 · 100% of list

• 519 Pearkes Rd

  $980,000

  5 bd · 3 ba · 2,486 sqft · $394/sqft · 22 days on market

  Sold Jun 29, 2026 · 98.1% of list

• 173 Caspian Dr

  $1,167,000

  4 bd · 4 ba · 3,001 sqft · $389/sqft · 42 days on market

  Sold Jun 25, 2026 · 97.3% of list

• 696 Demel Pl

  $1,614,500

  4 bd · 4 ba · 4,430 sqft · $364/sqft · 76 days on market

  Sold Jun 25, 2026 · 97.9% of list

• 3365 Sandpiper St

  $1,315,000

  4 bd · 4 ba · 4,223 sqft · $311/sqft · 62 days on market

  Sold Jun 24, 2026 · 99.3% of list

• 3126 Metchosin Rd

  $787,400

  3 bd · 2 ba · 2,207 sqft · $357/sqft · 15 days on market

  Sold Jun 24, 2026 · 98.4% of list

• 3460 Sparrowhawk Ave

  $1,332,000

  5 bd · 4 ba · 3,719 sqft · $358/sqft · 56 days on market

  Sold Jun 23, 2026 · 97.3% of list

• 3592 Temperate Pl

  $1,400,000

  4 bd · 4 ba · 3,146 sqft · $445/sqft · 29 days on market

  Sold Jun 19, 2026 · 100% of list

• 745 Cecil Blogg Dr

  $938,800

  5 bd · 3 ba · 3,722 sqft · $252/sqft · 50 days on market

  Sold Jun 12, 2026 · 93.9% of list

• 3370 Alfred Pl

  $932,500

  4 bd · 3 ba · 1,800 sqft · $518/sqft · 21 days on market

  Sold Jun 4, 2026 · 98.2% of list

More on this listing