550B 4678 Elk Lake Dr
Saanich
V8Z 5M1
$395,000
Residential
beds: 1
baths: 1.0
561 sq. ft.
built: 1981
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1023979
- Bedrooms:
- 1
- Bathrooms:
- 1
- Year Built:
- 1981
- Photos (25)
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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:
- Residential
- Type:
- Condo Apartment
- Year built:
- 1981 (Age: 45)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 561 sq. ft.
- Listing General Location:
- SW Royal Oak, Saanich West
- Bedrooms:
- 1
- Bathrooms:
- 1.0 (Full:-/Half:-)
- Lot Size:
- 561 sq. ft.
- Kitchens:
- 1
- Taxes:
- Signup
- Building Name:
- Royal Oak Estates
- Building Type:
- Top Level
- Construction:
- Wood
- New Construction:
- No
- Foundation:
- Concrete Perimeter
- Roof:
- Fibreglass Shingle
- Levels:
- 1
- Number of Storeys:
- 4
- Number of Buildings:
- 5
- Ceiling Heights:
- Signup
- Floor finish:
- Wood
- Total Building Area:
- 561 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 1
- # Main Level Bedrooms:
- 1
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 561 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- Common Area
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- Air Conditioning, Wall Unit(s)
- Heating:
- Baseboard, Electric, Heat Pump
- Fireplace:
- No
- Pending Date:
- Signup
- Oven/Range Electric, Refrigerator
- Controlled Entry, Dining/Living Combo, French Doors, Storage, Vaulted Ceiling(s)
- Blinds
- Bike Storage, Common Area
- Turn between Howard Johnson Hotel & Berwick Retirement and go to Building B.
- Parking Stall, Separate Storage
- Main Level
- 0
- Aquariums, Birds, Caged Mammals, Cats OK
- 1 cat only
- No
- Yes
- no smoking in building
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Association Fee Includes:
- Electricity, Trash, Heat, Hot Water, Insurance, Maintenance Grounds, Property Management, Recycling, Sewer, Water
- Association Fee Year:
- 2025
- Jurisdiction name:
- District of Saanich (SD63)
- Legal Description:
- Signup
- Accessibility:
- Primary Bedroom on Main
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Resale
- Exposure / Faces:
- North
- Layout:
- Condo
- Lot Site Features:
- Irregular Lot
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Detached, Guest, Other
- Total Parking Spaces:
- 1
- Common Parking Spaces:
- 1
- LCP Parking Spaces:
- 0
- Lot Parking Spaces:
- 0
- Total Units:
- Signup
- Date Listed:
- Jan 22, 2026
- Original Price:
- 395000.0
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Photo is virtually staged -
Photo is virtually staged
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Living area featuring light wood-style flooring, a wall mounted AC, and ornamental molding
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Photo 4 of 25
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Kitchen featuring a kitchen bar, appliances with stainless steel finishes, ornamental molding, a peninsula, and white cabinetry
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Bedroom featuring light wood finished floors, a skylight, and a desk
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Bedroom with a closet and light wood-style floors
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Bedroom featuring a textured wall, light wood-style floors, an office area, and vaulted ceiling
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View of walk in closet
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Bathroom featuring vanity and shower / tub combo with curtain
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Photo 11 of 25
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Photo 12 of 25
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View of gate
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Photo 14 of 25
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Photo 15 of 25
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Photo 16 of 25
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Photo 17 of 25
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Broadmead Village
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Broadmead Village
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Broadmead Village
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Thrifty Foods
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Commonwealth
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Commonwealth Centre
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Nearby park
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Beaver Lake
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Listed by RE/MAX Camosun
Data was last updated January 22, 2026 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 26
- Avg list price:
- $914,450
- Min list price:
- $399,900
- Max list price:
- $1,269,000
- Avg days on market:
- 61
- Min days on market:
- 2
- Max days on market:
- 198
- Avg price per sq.ft.:
- $603.1
These statistics are generated based on the current listing's property type
and located in
SW Royal Oak. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- CHERYL WOOLLEY
- RE/MAX CAMOSUN
- 1 (250) 8581213
- Contact by Email