Property Information:

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 Features:

Bedrooms: 1
Bathrooms: 1
Annual Tax Amount: $1,609
Accessibility Features:
Appliances: Oven/Range Electric, Refrigerator
Association Amenities: Bike Storage, Common Area
Association Fee Includes: Electricity, Trash, Heat, Hot Water, Insurance, Maintenance Grounds, Property Management, Recycling, Sewer, Water
Built in: 1981
Condo Fees: $283 Monthly
Construction Materials: Wood
Cooling: Air Conditioning, Wall Unit(s)
Floor Space (approx): 561 Square Feet
Flooring: Wood
Foundation Details: Concrete Perimeter
Heating: Baseboard, Electric, Heat Pump
Interior Features: Controlled Entry, Dining/Living Combo, French Doors, Storage, Vaulted Ceiling(s)
Irregular: Yes
Laundry Features: Common Area
Lot Features: Irregular Lot
Lot Frontage: 561 Square Feet
Lot Size: 561.00 Square Feet
Ownership: Freehold/Strata
Parking Features: Detached, Guest, Other
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK
Property Condition: Resale
Property Sub Type: Condo Apartment
Roof: Fibreglass Shingle
Water Source: Municipal
Window Features: Blinds
Zoning Description: Multi-Family
Sewer:
No. of Parking Spaces: 1

Rooms:

Other Main Level 3.96 m x 3.66 m Note: Dining/Living Combo
Kitchen Main Level 3.05 m x 2.74 m
Other Main Level 3.05 m x 1.22 m Note: Entrance
Bathroom Main Level 2.44 m x 1.52 m
Other Main Level 4.57 m x 2.74 m
Walk-in Closet Main Level 1.83 m x 1.52 m

Convert Measurement to:

Courtesy of: RE/MAX Camosun

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Demographic Information of 550B-4678 Elk Lake Dr, Saanich, BC, V8Z 5M1

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$135,565.02

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.01 %

High school certificate or equivalent

29.05 %

Apprenticeship trade certificate/diploma

6.94 %

College/non-university certificate

19.24 %

University certificate (below bachelor)

4.83 %

University Degree

29.93 %

Commuter

Travel To Work

By Car

87.83 %

By Public Transit

6.97 %

By Walking

0.0 %

By Bicycle

1.67 %

By Other Methods

3.53 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

29.64 %

Houses

70.36 %

550B-4678 Elk Lake Dr, Saanich, BC, V8Z 5M1