3518 Parandeh Lane in Colwood: Co Lagoon Single Family Residence for sale : MLS®# 1021016
Oceanfront Real Estate in Colwood
When searching for waterfront real estate on Vancouver Island the city of Colwood doesn’t always come to mind. However, we have a wide variety of luxury properties available in Colwood that are highly sought after. The City of Colwood occupies the western shore region of the areas surrounding Greater Victoria. Colwood is home to approximately 14, 500 residents, comprising a dynamic community, rugged wilderness, and comprehensive leisure and service provision. Colwood proudly preserves well-visited historic sites and heritage buildings including Hatley Castle at Royal Roads University, Fisgard Lighthouse, and the St. John the Baptist Church.
The City of Colwood occupies the western shore of Greater Victoria stretching all the way from Victoria West to Metchosin. In terms of real estate, Colwood is an area that is often overlooked but if you’re looking for economy and solid growth for your real estate investment on south Vancouver Island, Colwood is a fantastic option. With a beautiful rugged atmosphere, a comprehensive leisure and service provision, well-visited historic sites, beautiful heritage buildings and a focus on both maintaining and augmenting the conscientious community planning initiatives through stakeholder feedback, Colwood embodies a commitment to growth and stability. Here, you can find stunning seaside homes, newly built condos, development-ready acreage lots and beautiful townhouses. New developments like Royal Bay in Colwood offer exciting opportunities for investors to purchase ocean view homes in a pre-build phase creating an unprecedented growth opportunity for the right client.
With nothing between your backyard and the Ocean, this home sees sunrises paint over Mount Baker; sunsets cast gold across the Strait of Juan de Fuca. Protected by surrounding coastal mountains that act as a natural windbreak, the micro-climate here stays remarkably temperate—mild winters, gentle breezes, and year-round greenery.
This property features a 40-metre-long lot. Just a short walk to the Esquimalt Lagoon beach and the Arbutus Landing plaza. Also close to Royal Roads University, Hatley Castle, and vast parklands filled with forested trails, beaches, and wildlife. The small mountain and Perimeter Park & The Beachlands Park nearby offer scenic hikes and panoramic viewpoints right in your neighbourhood.
The home includes a legal secondary suite, providing flexibility for multigenerational living, guest accommodation, or income potential while you enjoy this incredible setting or plan future improvements.
Data was last updated November 29, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
174
Avg list price:
$888,650
Min list price:
$369,900
Max list price:
$3,688,000
Avg days on market:
71
Min days on market:
1
Max days on market:
524
Avg price per sq.ft.:
$556.4
These statistics are generated based on the current listing's property type
and located in
Colwood. Average values are
derived using median calculations. This data is not produced by the MLS® system.