- Active
4797 Elk Road
Saanich · Vacant Land
- Built
- 1901
Listed by Coldwell Banker Oceanside Real Estate · MLS® 1031375
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Sign inAbout this home
Rare opportunity to own 2 acres of A-1 Rural zoned land on quiet, no-thru Elk Road in Saanich — where genuine country living and city convenience exist side by side. Tucked away from traffic yet minutes from everything, this property offers one of the most versatile lifestyle opportunities remaining in Greater Victoria. The land: Generous well @ 12 GPM, Geotechnical study (Ryzuk, Feb 2026) confirms exceptional ground conditions — bedrock at or near surface across the main building area, Site Class 'B' seismic rating, and stable stiff clay at the workshop/accessory building zone. Foundation engineering is essentially done. Build with confidence. The zoning: A-1 Rural permits a single-family home up to 4,306 sq ft, a legal secondary suite, a home-based business, a bed & breakfast, on-site produce sales, agricultural use, and hobby farming. - all welcome. The lifestyle: Step outside onto Elk Road's quiet no-thru lanes — ideal for morning walks, cycling, or dogs off-leash — then within minutes reach Elk/Beaver Lake Regional Park with 10+ km of trails, swimming, rowing, and cycling. Broadmead Village and Royal Oak shopping are a short drive for daily essentials, dining, and services. Saanich Commonwealth Place — one of BC's premier aquatic and fitness facilities — is nearby. Schools including Royal Oak Middle, Northridge Elementary, Claremont Secondary, and the broader Saanich School District 63 are all close at hand. Downtown Victoria is 15 minutes south. The opportunity: Produce a small farm income, run a business from home, or simply enjoy the rare luxury of space and privacy within city limits. Properties like this — with professional reports already completed and lifestyle this complete — are exceptionally uncommon in today's market.
Home facts
- Year built
- 1901
- Parking
- 10
- Property type
- Vacant Land
- Area
- Elk Lake
- Listed
- April 23, 2026
- PID
- 006-671-977
- Common interest
- Freehold
Features and inclusions
- Heating
- Natural gas
- Lot
- Acreage, Level lot, Park setting, Private setting, Southern exposure, Wooded area, Irregular lot size, See remarks, Partially cleared, Other
Rooms and building
- Water
- Zoning
- Rural residential
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
- $7,821
- Property tax
- $483/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $8,454
Purchase snapshot
- List price
- $1,650,000
- Down payment
- $330,000 (20%)
- Estimated mortgage
- $1,320,000
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
- $8,581
- 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
- $1,680 a month
- Gross yield
- 1.2%
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.
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.
- Agricultural Land Reserve
- In the ALR
- Provincial farmland protection restricts subdivision and non-farm use.
- 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 · 49%
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.
