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.

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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.

230 Portsmouth Dr

Co Lagoon Colwood V9C 1R9

$1,899,999

Residential beds: 5 baths: 3.0 2,749 sq. ft. built: 1989

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Status:

Active

Prop. Type:

Residential

MLS® Num:

994913

Bedrooms:

5

Bathrooms:

3

Year Built:

1989

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Welcome to your coastal sanctuary overlooking Esquimalt Lagoon! This spacious 2800+ sq ft waterfront home sits on a quiet cul-de-sac and offers breathtaking sunrise and sunset views from both levels, including a 21x8 upper balcony and an expansive 680 sq ft lower deck. The open-concept main floor features a bright kitchen with breakfast bar, generous living and dining spaces, and a den/office (or potential 2nd bedroom). The primary suite boasts ocean views, a walk-in closet, and full ensuite. Downstairs offers a large rec room, additional bedroom, den/office, and full bath—perfect for guests or extended family. Nestled on a private 0.30-acre lot, this is a rare opportunity to own waterfront in a truly stunning setting.

General Info:

Property Type:

Residential

Type:

Single Family Residence

Year built:

1989 (Age: 36)

Living Area:

2,749 sq. ft.255 m2

Listing General Location:

Co Lagoon, Colwood

Bedrooms:

5

Bathrooms:

3.0 (Full:-/Half:-)

Lot Size:

13,068 sq. ft.1,214 m2

Kitchens:

2

Additional Info:

Construction:

Stucco

New Construction:

No

Basement:

Full, Walk-Out Access, With Windows

Foundation:

Concrete Perimeter

Roof:

Asphalt Shingle

Levels:

2

Floor finish:

Carpet, Linoleum

Total Building Area:

4,077 sq. ft.379 m2

Total Unfinished Area:

1,328 sq. ft.123 m2

# Bedrooms or Dens Total:

5

# Main Level Bedrooms:

3

# Second Level Bedrooms:

2

# Third Level Bedrooms:

0

# Lower Level Bedrooms:

0

# Other Level Bedrooms:

0

# Main Level Bathrooms:

1

# Second Level Bathrooms:

2

# Third Level Bathrooms:

0

# Lower Level Bathrooms:

0

# Other Level Bathrooms:

0

# Main Level Kitchens:

1

# Second Level Kitchens:

1

# Third Level Kitchens:

0

# Lower Level Kitchens:

0

# Other Level Kitchens:

0

Living Area Lower Floor:

0 sq. ft.0 m2

Living Area Main Floor:

1,223 sq. ft.114 m2

Living Area Other Floor:

0 sq. ft.0 m2

Living Area 2nd Floor:

1,526 sq. ft.142 m2

Living Area 3rd Floor:

0 sq. ft.0 m2

Fireplaces:

2

Fireplace Details:

Family Room, Living Room

Laundry Features:

In House

Water supply:

Municipal

Sewer:

Sewer Connected

Cooling:

None

Heating:

Baseboard, Electric, Natural Gas

Fireplace:

Yes

Interior Features:

Bar, Eating Area, Jetted Tub, Vaulted Ceiling(s)

Window Features:

Blinds, Insulated Windows

Exterior Features:

Balcony/Patio, Fencing: Partial

View:

City, Mountain(s)

Waterfront Features:

Ocean Front

Directions:

Metchosin Rd.Lt onto Lagoon Rd. Lt. onto Heatherbell,Rt onto Portsmouth.

Entry Location:

Main Level

Minimum Age:

0

BBQ Allowed:

Yes

Smoking Bylaw:

No

Rent Allowed:

Unrestricted

Legal Info:

Jurisdiction name:

City of Colwood

Other Details:

Bed and Breakfast:

Potential

Number of 2 piece baths:

0

Number of 3 piece baths:

1

Number of 4 piece baths:

1

Number of 5 piece baths:

0

Number of 2 piece Ensuites:

0

Number of 3 piece Ensuites:

0

Number of 4 piece Ensuites:

1

Property Condition:

Resale

Land Info:

Exposure / Faces:

Southeast

Layout:

Main Level Entry with Upper Level(s)

Lot Site Features:

Cul-De-Sac, Irregular Lot, Private

Attached Garage:

No

Carport Spaces:

0

Garage Spaces:

2

Garage:

Yes

Parking Features:

Driveway, Garage Double

Total Parking Spaces:

6

Common Parking Spaces:

0

Listing Info:

Date Listed:

Apr 14, 2025

Original Price:

1899999.0

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Listed by RE/MAX Generation

Data was last updated October 7, 2025 at 06:05 PM (UTC)

Area Statistics

Listings on market:

11

Avg list price:

$1,149,000

Min list price:

$654,900

Max list price:

$3,688,000

Avg days on market:

92

Min days on market:

15

Max days on market:

176

Avg price per sq.ft.:

$582.65

These statistics are generated based on the current listing's property type and located in Co Lagoon. Average values are derived using median calculations. This data is not produced by the MLS® system.

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• Vancouver Island
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