588 Heatherly Rd, Colwood

About this property

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.