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Condos for Sale Victoria, BC under 500 000

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493D 4678 Elk Lake Dr
SW Royal Oak Saanich V8Z 5M1

$484,900
Residential beds: 2 baths: 2.0 1,271 sq. ft. built: 1982

Main Photo: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 1: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 2: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 3: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 4: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 5: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 6: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 7: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 8: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 9: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 10: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 11: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 12: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 13: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 14: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 15: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 16: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 17: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 18: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 19: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 20: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 21: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 22: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 23: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 24: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 25: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 26: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 27: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 28: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 29: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 30: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Photo 31: 493D 4678 Elk Lake Dr in Saanich: SW Royal Oak Condo for sale (Saanich West)  : MLS®# 1026625
Status:
Active
Prop. Type:
Residential
MLS® Num:
1026625
Bedrooms:
2
Bathrooms:
2
Year Built:
1982
Royal Oak’s best value in loft-style living—1,276 sq ft of light-filled space at a price rarely seen in this submarket. This 2BD/2BA suite in Royal Estates offers vaulted ceilings, panoramic skylights, and a full wall of glazing opening to an East-facing patio spanning the length of the unit—ideal for morning sun exposure and passive natural light. Unique two-level entry enhances privacy and flexibility. Granite kitchen, generous in-suite storage plus separate locker. Oversized primary with walk-in closet and marble-surround bath. Heat pump approved building. Strata fees INCLUDE heat, hot water & electricity—rare cost efficiency in today’s market. Rentable, no age restrictions—strong holding property potential. Walk Score lifestyle: steps to parks, recreation, transit, groceries & Commonwealth Place. Minutes to highway access. High livability. Strong fundamentals. Exceptional value per sq ft.
Property Type:
Residential
Type:
Condo Apartment
Year built:
1982 (Age: 44)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
1,271 sq. ft.
Main Building Living Area:
1,271 sq. ft.
Listing General Location:
SW Royal Oak, Saanich West
Bedrooms:
2
Bathrooms:
2.0 (Full:-/Half:-)
Lot Size:
1,381 sq. ft.
Kitchens:
1
Home Style:
West Coast
Taxes:
Building Name:
Royal Oak Estates
Building Type:
Other Level
Construction:
Frame Wood, Wood
New Construction:
No
Basement:
None
Foundation:
Concrete Perimeter
Electricity:
Yes
Roof:
Asphalt Shingle
Levels:
2
Number of Storeys:
3
Number of Buildings:
5
Ceiling Heights:
Floor finish:
Carpet, Laminate, Tile
Total Building Area:
1,381 sq. ft.
Total Unfinished Area:
110 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
2
# Main Level Bedrooms:
0
# Second Level Bedrooms:
2
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
1
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.
Living Area Main Floor:
541 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
730 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Balcony Area:
110 sq. ft.
Fireplaces:
0
Laundry Features:
Common Area
Water supply:
Municipal
Sewer:
Sewer Connected
Additional Accommodations:
None
Cooling:
None
Heating:
Baseboard, Electric, Other
Fireplace:
No
Pending Date:
Refrigerator
Controlled Entry, Dining/Living Combo, Storage, Vaulted Ceiling(s)
Blinds, Insulated Windows, Screens, Skylight(s)
Balcony/Patio
Common Area, Secured Entry, Storage Unit, Street Lighting
Balcony
Main Level
0
Verify with bylaws if important.
Number Limit, Size Limit
Verify with bylaws if important.
No
Verify with bylaws if important.
No
Verify with bylaws if important.
Unrestricted
Verify with bylaws if important.
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
2nd Floor
2nd Floor
Floor
Ensuite
Pieces
Other
Main Floor
2nd Floor
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Association Fee Includes:
Caretaker, Electricity, Trash, Heat, Hot Water, Insurance, Maintenance Grounds, Property Management, Sewer, Water
Association Fee Year:
2026
Jurisdiction name:
District of Saanich (SD63)
Legal Description:
Units in Building:
Units in Community:
Number of 2 piece baths:
1
Number of 3 piece baths:
0
Number of 4 piece baths:
1
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Vacant
Property Condition:
Resale
Utilities:
Electricity Connected, Garbage, Recycling
Exposure / Faces:
East
Layout:
Condo
Lot Site Features:
Rectangular Lot
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Guest, Open
Total Parking Spaces:
1
Common Parking Spaces:
1
LCP Parking Spaces:
0
Lot Parking Spaces:
0
Rent Includes:
Cable TV
Total Units:
Date Listed:
Feb 27, 2026
Original Price:
484900.0
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Listed by Keller Williams Ocean Realty VanCentral
Data was last updated March 2, 2026 at 04:05 AM (UTC)
Area Statistics
Listings on market:
29
Avg list price:
$849,000
Min list price:
$389,000
Max list price:
$1,239,000
Avg days on market:
26
Min days on market:
2
Max days on market:
220
Avg price per sq.ft.:
$589.2
These statistics are generated based on the current listing's property type and located in SW Royal Oak. Average values are derived using median calculations. This data is not produced by the MLS® system.

Condos for sale Victoria BC under 500 000


Victoria, British Columbia is a city that offers an exceptional quality of life. With its mild climate, stunning natural beauty, and thriving arts and culture, it's no wonder so many people are attracted to this city. When you're in the Victoria condo market, you'll find a wide variety of options available to suit every budget and lifestyle. In this article, we take a closer look at his $400,000 to $500,000 apartment listings in Victoria, British Columbia.

A popular option in this price range is the Mondrian, a sleek, modern hotel in the heart of downtown Victoria. Mondrian's one and two bedroom units feature open floor plans, large windows and quality finishes. In-building amenities include a fitness center, secure underground parking and a rooftop terrace with stunning city views.

Another option in this price range is the Escher, a luxury hotel located right on Victoria's Inner Harbour. Escher's units feature contemporary finishes, gourmet kitchens, and spacious balconies with stunning city and sea views. In-building amenities include a fitness centre, a shared lounge and a rooftop terrace with barbecue facilities. For those looking for a more suburban feel, the RailYards development in Victoria's Selkirk area may be a good choice. Units in this development range from one to three bedrooms and feature cathedral ceilings, gourmet kitchens and in-suite laundry facilities. The development also has a communal garden, bike storage and underground parking.

Another option in this price range is Corazon, a boutique property in Victoria's charming Cook Street Village. Corazon units feature spacious floor plans, quality finishes and balconies with stunning views of the surrounding area. In-building amenities include secure underground parking and a rooftop terrace with BBQ area.

For those looking for a more affordable option, the Astoria is a luxury hotel in the heart of downtown Victoria. Astoria units range from studios to two bedrooms and feature functional floor plans, large windows and private laundry facilities. The building also features a fitness center, sauna and hot tub.

These are just a few of his $400,000 to $500,000 housing options in Victoria, British Columbia. Other popular properties in this price range are Janion, Union and Angkor.

When buying a condo in Victoria, it's important to work with a knowledgeable real estate agent to guide you through the process and help you find the perfect home for your needs and budget. Agents can help narrow down your search based on factors like location, amenities, and price, and even help you navigate the complicated process of buying a condo in Victoria.

All in all, with stunning natural beauty, a vibrant arts and culture scene, and an exceptional quality of life, Victoria is a city that really has it all. Whether you're a first-time homebuyer, a downsizer, or an investor, there are plenty of great condos in this desirable city. 

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.