For Sale38d on market
4678 Elk Lake Dr #493D
Saanich, BC, V8Z5M1 • Royal Oak • Capital Regional District
$484,900
$382/sqft
Down payment assistance available
2Beds
2Baths
1,271Sqft
0.03 acLot
1982Built
Property DNA
West Coast Style
Built 1982 · 44 years of history
Outdoor Living
Balcony/Patio
Tile Floors
Quality flooring throughout
$633/mo HOA
Common Area · Secured Entry · Storage Unit · Street Lighting
This home is getting attention
Listed 38 days ago · 125 views · 12 saves
Market activity
Demand and pricing signals for this listing
125 views
People checking out this listing
12 saves
Buyers have saved this home
38 days on market
Established listing
$382/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 23% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Condo · Built 1982
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.
Standout features identified
Our analysis highlights light-filled space, vaulted ceilings, and panoramic skylights as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,796/month
Principal & Interest$2,516
Property Tax$485
Insurance$162
HOA$633
Down payment20% ($96,980)
3%50%
Est. 6.75% rate · 30yr fixed · $387,920 loan
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At a glance
Key facts and listing details
TypeCondominium, Apartment
Year Built1982
HeatingBaseboard, Electric, Other
CoolingNone
Parking1 Open Parking space
HOAC$633 monthly
Days on Zillow38 Days
Price/sqftC$382
Property
Home typeCondo
Sub-typeCondominium, Apartment
StyleWest Coast
ConditionResale
Year built1982
Systems
HeatingBaseboard, Electric, Other
CoolingNone
RoofAsphalt Shingle
ConstructionFrame Wood, Wood Siding
Water / SewerMunicipal
Parking & Outdoor
ParkingGuest, Open
BasementNone
Lot1,306 sqft
Location & Tax
NeighborhoodRoyal Oak
Annual tax$2,722
Parcel001579673
Bathrooms & Fees
HOA$633/mo
Features & details
12 categories of property features
Interior Features
Interior
Controlled Entry
Dining/Living Combo
Storage
Vaulted Ceiling(s)
Appliances
Refrigerator
Flooring
Carpet
Laminate
Tile
Heating
Baseboard
Electric
Other
Cooling
None
Laundry
Common Area
Windows
Blinds
Insulated Windows
Screens
Skylight(s)
Exterior Features
Parking
Guest
Open
Construction
Frame Wood
Wood Siding
Patio & Porch
Balcony/Patio
Lot Features
Rectangular Lot
Utilities
Electricity Connected
Garbage
Recycling
Room details
1 room detailed
Kitchen
MainListing insights
Market data and value estimates
StatusFor Sale
Days on market38
Est. rent$2,939/mo
Price/sqft$382
On marketFeb 27, 2026
PostedFeb 27, 2026
MLS updatedApr 4, 2026
Tour days6
Views125
Favorites12
How are the schools in Saanich?
2 schools rated nearby
Location
Saanich, BC, V8Z5M1
Price history
1 event
DateEventPrice$/sqftSource
Feb 27, 2026Listed For Sale$484,900$382VIVA
Listed For Sale$484,900
Feb 27, 2026•$382/sqft•VIVA
Nearby homes
Neighborhood details
Local context around this listing
Saanich, BC • Capital Regional District
Nearby neighborhoods
BlenkinsopCadboro BayCareyCordova BayGordon HeadNorth QuadraQuadraRoyal OakSaanich CoreTillicum
Nearby cities
Central SaanichColwoodEsquimaltLangfordNorth SaanichOak BaySaanichSidney
Nearby zip codes
V8NV8PV8XV8YV8ZV9AV9E
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Listing content Copyright 2026 Vancouver Island Real Estate Board & Victoria Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.
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