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#464E – 4678 Elk Lake Drive
Saanich · Single Family
- Beds
- 2
- Baths
- 2
- Sqft
- 1,278
- Built
- 1982
Listed by DFH Real Estate Ltd. · MLS® 1051910
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Sign inAbout this home
Very nice, updated (renovated kitchen & baths - approximate cost $80,000.00) 2-level condo with vaulted ceiling. Strata fees INCLUDE heat, hot water & electricity—rare cost efficiency in today’s market. Spacious open concept, with a ''wall'' of windows, offering a bright, cheery, ambiance. You'll appreciate the two-level entry which enhances privacy and flexibility. Granite kitchen with island, generous in-suite storage plus separate locker. Oversized primary bedroom and huge second bedroom could be a den or media room. This is a heat pump approved building. Rentable, no age restrictions—strong holding property potential. Wonderful central location - steps to amenities, Elk and Beaver Lake parks, recreation at Commonwealth Place, public library, transit, shopping at Broadmead or Royal Oak. Minutes to highway access.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,278 sq ft
- Lot size
- 1,278 sq ft
- Year built
- 1982
- Parking
- 1
- Property type
- Single Family
- Area
- Royal Oak
- Listed
- October 9, 2026
- Structure
- Apartment
- PID
- 000-711-551
- Common interest
- Condo/Strata
Highlights
- High ceilings
Features and inclusions
- Appliances
- Refrigerator, Range - Electric, Dishwasher
- Heating
- Baseboard heaters
- Cooling
- None
- Parking
- Open, Visitor Parking
- Lot
- Central location, Park setting, Other
- Community
- Family Oriented, Pets Allowed With Restrictions
Rooms and building
- Water
- Zoning
- Multi-Family
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.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $2,270
- Property tax
- $142/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $2,562
Purchase snapshot
- List price
- $479,000
- Down payment
- $95,800 (20%)
- Estimated mortgage
- $383,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $2,491
- At 5.2008 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $1,720 a month
- Gross yield
- 4.3%
- Strata rental rules
- Allowed with restrictions
- From the listing remarks
"Rentable, no age restrictions—strong holding property potential."
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs. Confirm the bylaws in the strata documents before you buy.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Victoria
Ten year average, 2016–2025.
- Average temperature
- 10.5°C
- Daily mean across the year.
- Yearly precipitation
- 863 mm
- On the drier side for BC.
- Yearly snowfall
- 39 cm
- Snow is the exception here.
- Bright sunshine
- 2,109 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Low risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 47%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
