588 Heatherly Rd
$969,900
Wishart North
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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.
Lot size
10,830 square feet
Year built
1950
Taxes
$3,827/yr
Zoning
Residential
Heating
Cooling
Parking
Lot
Pool
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Jul 2, 2026
Listed $969,900
Active25 days on marketMLS 1042087Apr 14, 2022
Listed $1,350,000
Expired183 days on marketMLS 900063Oct 19, 2021
Listed $1,350,000
Expired176 days on marketMLS 888483
How this listing compares
Based on 17 sales in Wishart NorthMedian sold
$932,000
Avg days on market
30 days
Avg sale-to-list
97.6%
Avg $/sqft
$387
Price per square foot
Below area average
Current market in Wishart North
Active (same type)
3
Pending
3
All active listings
5
Months of supply
2.1
Seller's market — 2.1 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$804,000
Homes in Colwood sell at 107.5% of assessed value on average.
Based on 172 recent sales.
Local price trend
How Wishart North has moved over the last decade.
Local price index (normalized) · 117 months
Recent nearby sales
12 sales452 Pelican Dr
$2,285,000
6 bd · 6 ba · 6,735 sqft · $339/sqft · 19 days on market
Sold Jul 21, 2026 · 99.3% of list
777 Cuaulta Cres
$816,000
5 bd · 3 ba · 3,718 sqft · $219/sqft · 268 days on market
Sold Jul 20, 2026 · 92.2% of list
3395 St. Troy Pl
$930,000
3 bd · 2 ba · 2,472 sqft · $376/sqft · 46 days on market
Sold Jul 20, 2026 · 98% of list
3589 Temperate Pl
$1,275,000
4 bd · 4 ba · 3,091 sqft · $412/sqft
Sold Jul 15, 2026 · 100% of list
3361 Hatley Dr
$1,830,000
5 bd · 6 ba · 6,106 sqft · $300/sqft · 27 days on market
Sold Jul 13, 2026 · 97.9% of list
569 Ridley Dr
$965,000
4 bd · 2 ba · 3,635 sqft · $265/sqft · 42 days on market
Sold Jul 9, 2026 · 98.5% of list
364 Kestrel St
$1,120,000
3 bd · 3 ba · 3,116 sqft · $359/sqft · 29 days on market
Sold Jul 8, 2026 · 95.3% of list
3475 Trumpeter St
$1,315,000
5 bd · 3 ba · 2,834 sqft · $464/sqft · 78 days on market
Sold Jul 3, 2026 · 97.4% of list
3604 Temperate Pl
$1,675,000
6 bd · 6 ba · 4,125 sqft · $406/sqft · 1 day on market
Sold Jul 2, 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
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
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
What would this home cost?
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Monthly mortgage
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Loan amount
$969,900 − $193,980
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$212,878
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by Engel & Volkers Vancouver Island