#493D – 4678 Elk Lake Dr, Saanich
SW Royal Oak · Condo Apartment · MLS® 1032929 · Listed Apr 23, 2026
Royal Oak’s best value in loft-style living—1,276 sq ft of light-filled space at a price rarely seen in this submarket. This 2BD/2BA suite in Royal Estates offers vaulted ceilings, panoramic skylights, and a full wall of glazing opening to an East-facing patio spanning the length of the unit—ideal for morning sun exposure and passive natural light. Unique two-level entry enhances privacy and flexibility. Granite kitchen, generous in-suite storage plus separate locker. Oversized primary with walk-in closet and marble-surround bath. Heat pump approved building. Strata fees INCLUDE heat, hot water & electricity—rare cost efficiency in today’s market. Rentable, no age restrictions—strong holding property potential. Walk Score lifestyle: steps to parks, recreation, transit, groceries & Commonwealth Place. Minutes to highway access. Exceptional value per sq ft.
| Property Type | Condo Apartment |
| Bedrooms | 2 |
| Bathrooms | 2 |
| Interior | 1,271 sqft |
| Lot Size | 1,381 sqft (0.03 acres) |
| Lot Features | Rectangular Lot |
| Parking | 1 space |
| Year Built | 1982 |
| Heating | Baseboard, Electric, Other |
| Basement | None |
| Exterior | Frame Wood, Wood |
| Roof | Asphalt Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Carpet, Laminate, Tile |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Residential |
| Taxes | $2,723 (2025) |
| Strata Fee | $633/mo |
| Pets | Aquariums, Birds |
| Building Stories | 3 |
| Parking Type | Guest, Open |
| Amenities | Common Area, Secured Entry, Storage Unit, Street Lighting |
| Strata Fee Includes | Heat, Hydro, Water |
| Extras | Refrigerator |
| MLS® # | 1032929 |
| Brokerage | Oakwyn Realty Ltd. |
Similar properties sold within 6 months
Royal Oak condo averages, updated daily. See Royal Oak market stats or Saanich market stats.
#493D – 4678 Elk Lake Dr, Saanich sold on June 5, 2026, after 43 days on the market.
It sold for $455,000 (listed at $479,900). Source: BC Assessment (registered sale).
It was on the market for 43 days, from April 23, 2026 to June 5, 2026.
A Condo Apartment in SW Royal Oak, Saanich with 2 bedrooms, 2 bathrooms, 1,271 sqft, built in 1982.
It has 1 parking space.
The lot is 1,381 sqft (0.03 acres).
#493D – 4678 Elk Lake Dr, Saanich sold for $455,000, 19.8% below its BC-assessed value of $567,500 (assessed July 1, 2025) — a sale-to-assessment ratio of 80%. Source: BC Assessment.
Saanich is currently a seller's market: median sold price $660,000, 2.5 months of inventory, homes typically selling in about 37 days.
There are 9 condos for sale in Royal Oak right now. Browse all Royal Oak condos for sale to see current listings, updated daily from the MLS® system.
The median condo sold price in Royal Oak is $660,000, based on 87 sales over the past 12 months. The median price per square foot is $646. Compare asking prices across the condos currently for sale in Royal Oak.
MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. Data last updated: Aug 16, 2026.
