#550B – 4678 Elk Lake Dr, Saanich
SW Royal Oak · Condo Apartment · MLS® 1040172 · Listed Jun 11, 2026
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/ 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.
| Property Type | Condo Apartment |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Interior | 561 sqft |
| Lot Size | 561 sqft (0.01 acres) |
| Lot Features | Irregular Lot |
| Parking | 1 space |
| Year Built | 1981 |
| Heating | Baseboard, Electric, Heat Pump |
| Exterior | Wood |
| Roof | Fibreglass Shingle |
| Foundation | Concrete Perimeter |
| Flooring | Wood |
| Water | Municipal |
| Sewer | Sewer Connected |
| Zoning | Multi-Family |
| Taxes | $1,609.48 (2025) |
| Strata Fee | $283/mo |
| Pets | Aquariums, Birds, Caged Mammals, Cats OK, Number Limit |
| Building Stories | 4 |
| Parking Type | Detached, Guest, Other |
| Amenities | Bike Storage, Common Area |
| Strata Fee Includes | Heat, Hydro, Water |
| Extras | Oven/Range Electric, Refrigerator |
| MLS® # | 1040172 |
| Brokerage | RE/MAX Camosun |
Similar properties sold within 6 months
Royal Oak condo averages, updated daily. See Royal Oak market stats or Saanich market stats.
It has an accepted offer and the sale is pending; the asking price was $365,000.
A Condo Apartment in SW Royal Oak, Saanich with 1 bedrooms, 1 bathrooms, 561 sqft, built in 1981.
It has 1 parking space.
The lot is 561 sqft (0.01 acres).
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 17, 2026.
