OPEN HOUSE SUNDAY 28th 1:00-2:30 PM Enjoy endless ocean and Olympic Mountain views from this stunning home at Eliza in Royal Bay. Perfectly positioned above the low-rise Commons, this residence offers uninterrupted vistas and breathtaking scenery from sunrise to sunset—whether you’re on the balcony, in the bedroom, or relaxing in your bright, open living space. Thoughtfully designed with quality finishes throughout, the home combines comfort and style with everyday convenience. Step outside to groceries, cafés, and services just across the street, or take a short walk to the beach, parks, and scenic trails. Exceptional building amenities include underground parking, bike storage, a dog wash station, gym, Owners’ Lounge, and a beautifully appointed rooftop patio with BBQ kitchen. Located in a vibrant, master-planned community, this is coastal living at its finest—and with no GST, it’s an outstanding value
Property details
2
Beds
2 full
Baths
959 ft²
Floor area
959 ft²
Lot size
2025
Year built
1
Parking
$371/mo
Strata fee
Location & structure
Single Family
Type
Royal Bay
Area
Listed
April 28, 2026
Structure
Apartment
PID
032-448-562
Property highlights
Ocean view
Mountain view
City view
Rooftop deck
Balcony
Gym
Features & inclusions
Appliances
Washer, Refrigerator, Stove, Dryer, Microwave
Heating
Heat Pump
Cooling
Central air conditioning, Wall unit
Lot
Other
Community
Family Oriented, Pets Allowed
Additional details
Common interest
Condo/Strata
Listed by RE/MAX Camosun. Last updated Jun 28, 2026, 3:10 PM.
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 $130,000 down (20%) on $649,999, 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 · 151 listings
Detached
77
51.0%
Townhouse
40
26.5%
Condo / Apartment
20
13.2%
Land
8
5.3%
Duplex
6
4.0%
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 · Colwood · 905 dwellings
Single-detached410 · 45.3%
Apartment in duplex195 · 21.5%
Row house155 · 17.1%
Semi-detached135 · 14.9%
Low-rise apartment10 · 1.1%
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 #59170804· Colwood· 2.10 km²
Median rent here
$1,840
Owner shelter cost
$2,040
Renters
13.1%
30%+ on shelter
19.8%
Population (2021)
2,340
Median age
41.6
Avg household size
2.6
Avg household income
$121,000
Renters
13.1%
Owners
86.3%
Immigrants
14.1%
Post-secondary
62.6%
Avg home value
$986,000
Single status
17.2%
Not in labour force
35.3%
Households with kids
37.6%
Median rent
$1,840
Owner shelter cost
$2,040
30%+ on shelter
19.8%
Breakdown
$5,000 to $9,999
5
0.6%
$15,000 to $19,999
5
0.6%
$20,000 to $24,999
5
0.6%
$25,000 to $29,999
15
1.7%
$30,000 to $34,999
10
1.1%
$35,000 to $39,999
15
1.7%
$40,000 to $44,999
20
2.2%
$45,000 to $49,999
15
1.7%
$50,000 to $59,999
45
5.0%
$60,000 to $69,999
45
5.0%
$70,000 to $79,999
40
4.5%
$80,000 to $89,999
60
6.7%
$90,000 to $99,999
45
5.0%
$100,000 to $124,999
140
15.6%
$125,000 to $149,999
120
13.4%
$150,000 to $199,999
165
18.4%
$200,000 and over
145
16.2%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59170804).
Market story
Rent in Colwood
Census 2021 avg $1,840/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
Property analysisScored Jun 2
Buyer view7–10 year horizon
29.2% below area benchmark
$729,999 is 29.2% below the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
On a 7 to 10 year hold, price discovery vs the area benchmark drives outcomes. Today's price sits 29.2% below the GVR HPI for this segment.
Strong value signals·98/100
Strong value signals, score 98.3 of 100Based on 3 of 9 signals · score likely 95.6 to 100
Thin comp setPrice history accruingRound-number price anchor
Price comparisons use asking prices from nearby active and recently removed listings. Sold prices are not available through public listing feeds.
Scores weight nine signals across price, market, carrying cost, and location data. Sources: BCRES listing feed, GVR MLS® HPI, TransLink, BC Geographic Warehouse, Vancouver Open Data, Statistics Canada (2021 Census). One input among many, not advice.
