Royal Oak’s most compelling loft opportunity—1,276 square feet of vaulted, light-filled living at an exceptional price point in Royal Estates. This two bedroom, two bathroom residence offers soaring ceilings, panoramic skylights, and a full wall of glazing opening to a private east-facing patio that spans the length of the unit, maximizing natural light and seamless indoor-outdoor flow. The unique two-level entry provides flexibility and privacy rarely found in conventional condominium layouts. The open-concept main living area features granite kitchen counters, generous under-stair in-suite storage, plus a large separate storage locker. The oversized primary bedroom includes a walk-in closet and marble-surround bath detail. The building is heat pump approved. Strata fees include heat, hot water, and electricity—an uncommon and valuable monthly cost advantage. The property is rentable with no age restrictions, offering strong long-term holding potential.
Located in the highly walkable Royal Oak neighbourhood of Saanich, residents are steps to parks and green space and within walking distance to Commonwealth Place recreation centre, Royal Oak Shopping Centre, Broadmead Village, grocery stores, cafés, professional services, and major bus routes. Convenient access to the Pat Bay Highway allows efficient travel to downtown Victoria, the University of Victoria, Victoria International Airport, and BC Ferries. Exceptional price-per-square-foot value in an amenity-rich, centrally positioned community.
Address
493D - 4678 Elk Lake Dr
List Price
$484,900
Property Type
Residential
Type of Dwelling
Condo Apartment
Style of Home
West Coast
Transaction Type
Sale
Area
Saanich West
Sub-Area
SW Royal Oak
Bedrooms
2
Bathrooms
2
Floor Area
1,271 Sq. Ft.
Lot Size
1381 Sq. Ft.
Lot Size (Acres)
0.03 Ac.
Year Built
1982
Maint. Fee
$633.00
MLS® Number
1026625
Listing Brokerage
Keller Williams Ocean Realty VanCentral
Basement Area
None
Postal Code
V8Z 5M1
Tax Amount
$2,722.65
Tax Year
2025
Features
Baseboard, Blinds, Carpet, Controlled Entry, Dining/Living Combo, Electric, Insulated Windows, Laminate, Other, Refrigerator, Screens, Skylight(s), Storage, Tile, Vaulted Ceiling(s)
Amenities
Balcony/Patio, Rectangular Lot
