10 days on Market

550B - 4678 ELK LAKE DRIVE, Saanich, British Columbia V8Z5M1

Condo
1
1
~561 sqft
$395,000
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Condo
1
1
~561 sqft

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Highlights

Property Estimate

Days on market10 days

Estimated valueNot available

Price/Sqft$704/sqft

Monthly cost

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Description

This is 550B - a top floor and renovated 1bed 1bath condo perfect for first-time buyers, downsizers, or investors. Royal Oak Estates is a well-managed, rental-friendly complex with no age restrictions, parking included, and an ALL-IN strata fee that covers electricity and water, a rare and convenient offering. The suite has an efficient layout and underwent extensive upgrades in 2025, including a Samsung heat pump w/ AC, updated Samsung s/s kitchen appliances, new kitchen cabinets/countertops, refreshed bathroom w/ new tile flooring, bath fitter, vanity, and toilet, new laminate flooring and baseboards throughout, and fresh paint. Common laundry is located on the same floor, along with a separate storage locker. The location is highly convenient, close to Royal Oak and Broadmead shopping, Elk/Beaver Lake trails, Royal Oak Bus Exchange, and the Commonwealth Recreation Centre. Downtown Victoria is an easy commute by car or bus w/ quick highway access. (id:39198)


Property Details

StyleApartment
View-
Age of property1981
SqFt~561 SqFt
Lot Size-
Parking Spaces1
MLS ®Number1023979
Community NameRoyal Oak
Data SourceCREA
Listing byRE/MAX Camosun

Features

Heating: Heat Pump, Baseboard heaters, Electric
Cooling: Wall unit, Air Conditioned

Main level Floor

Primary Bedroom

15 x 9

Bathroom

8 x 5

Kitchen

10 x 9

Living room/Dining room

13 x 12


Parking

Garage spaces -

Garage type -

Total parking spaces 1


Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Jan 22, 2026
ListedActive
$395,000
10 days on market
history photo preview25
Listing by crea®
Property listed by RE/MAX Camosun, Brokerage
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Population and Demographics

Overview

Total population 7908
Average household income $131,570

Age (%)

0 to 19
16%
20 to 34
12%
35 to 49
15%
50 to 64
19%
65 and plus
38%

Household composition (%)

Single family
66%
Single person
31%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
84%
Others
4%
Mandarin
3%
Punjabi (Panjabi)
3%
Yue (Cantonese)
2%
German
1%
French
1%

House tenancy (%)

Owners
79%
Renters
21%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget

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