CENTRALLY LOCATED ROYAL OAK 2 bedroom, 2 bathroom condo is move in ready! This meticulously maintained condo living room features a cozy gas fireplace (gas included in strata fees), a separate dining area and & a well laid out kitchen with a convenient built-in desk in the eating area. The spacious primary bedroom includes a walk-in closet and a 3-piece ensuite. The second bedroom has a nice separation and is thoughtfully positioned on the opposite side of the condo and the 4-piece bathroom for added privacy. Enjoy relaxing on the large balcony overlooking the beautifully landscaped courtyard, with BBQs permitted. Pets are welcomed in this well run strata. Additional highlights include updated flooring, in-suite laundry, secure underground parking, and a storage locker. Ideally situated just minutes from Elk Lake, Royal Oak Shopping Centre, Broadmead Village, and more. Easy commute to downtown, airport or the ferries.
Property details
2
Beds
2 full
Baths
991 ft²
Floor area
991 ft²
Lot size
1994
Year built
74
Parking
$399/mo
Strata fee
$2,727/yr
Gross tax
Location & structure
Single Family
Type
1
Fireplace
Royal Oak
Area
Listed
July 6, 2026
Structure
Apartment
PID
018-723-446
Property highlights
Balcony
In-suite laundry
Underground parking
Storage locker
Fireplace
Features & inclusions
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Heating
Baseboard heaters, Electric, Natural gas
Cooling
None
Parking
Underground
Lot
Central location, Curb & gutter, Level lot, Corner Site, Irregular lot size, Other
Community
Family Oriented, Pets Allowed With Restrictions
Additional details
Common interest
Condo/Strata
Listed by RE/MAX Camosun. Last updated Jul 6, 2026, 11:35 AM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $111,000 down (20%) on $554,999, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 170 listings
Detached
91
53.5%
Condo / Apartment
39
22.9%
Townhouse
29
17.1%
Land
6
3.5%
Duplex
4
2.4%
Other
1
0.6%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Saanich · 480 dwellings
Low-rise apartment200 · 41.7%
Row house195 · 40.6%
Single-detached50 · 10.4%
Apartment in duplex25 · 5.2%
Semi-detached10 · 2.1%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59170759· Saanich· 0.86 km²
Median rent here
$1,720
Owner shelter cost
$970
Renters
21.6%
30%+ on shelter
19.6%
Population (2021)
1,141
Median age
66.5
Avg household size
1.9
Avg household income
$93,200
Renters
21.6%
Owners
78.3%
Immigrants
26.2%
Post-secondary
64.5%
Avg home value
$664,000
Single status
18.1%
Not in labour force
42.6%
Households with kids
16.7%
Median rent
$1,720
Owner shelter cost
$970
30%+ on shelter
19.6%
Breakdown
$15,000 to $19,999
5
1.1%
$20,000 to $24,999
10
2.2%
$25,000 to $29,999
10
2.2%
$30,000 to $34,999
15
3.2%
$35,000 to $39,999
15
3.2%
$40,000 to $44,999
20
4.3%
$45,000 to $49,999
15
3.2%
$50,000 to $59,999
45
9.7%
$60,000 to $69,999
40
8.6%
$70,000 to $79,999
45
9.7%
$80,000 to $89,999
35
7.5%
$90,000 to $99,999
30
6.5%
$100,000 to $124,999
70
15.1%
$125,000 to $149,999
45
9.7%
$150,000 to $199,999
40
8.6%
$200,000 and over
25
5.4%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59170759).
Market story
Rent in Saanich
Census 2021 avg $1,720/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
