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Building & Condo information

Royal Oak Estates

4678 Elk Lake Dr, Saanich West, V8Z 5M1SW0320 - SW Royal Oak

  • Levels: 3
  • Suites: 119
  • Status: Completed
  • Built: 1982
  • Title To Land: Frhld/strata
  • Building Type: Strata
  • Strata Plan: VIS1086
  • Management company:  
  •  Bldg#: 12546

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Building Info

Royal Oak Estates at 4678 Elk Lake Drive, Victoria, BC V8Z 5M1, Canada, Strata Plan Number VIS1086, 3 levels, 119 units in the strata, 25 units in the development and was built in 1982. Maintenance fees include building insurance, caretaker, electricity, garbage pickup, heat, hot water, management, water and yard maintenance. The nearest crossroads are Elk Lake Drive and Royal Oak Drive. Close to Commonwealth pool, Elk Lake Walks, Transit, Schools, Royal Oak, Broadmead Shopping and Child Care Services. Closest parks include Beaver Lake Regional Park - Main Parking Lot, Quick's Bottom Park and Strom Ness Park. Call now!

Strata Sub Categories: Strata

Royal Oak Estates Technical Info

Building Name Royal Oak Estates
Address 4678 Elk Lake Dr
City Saanich West
Neighborhood SW Royal Oak
Listing Price Range N/A
Floors 3
Units in Development: 25
Units in Strata:119
Property Types Frhld/strata
Sub Categories:Strata
Year Built 1982
Restrictions Details
Strata Plan VIS1086
Title to Land Frhld/strata

Royal Oak Estates MLS® Listings And/Or Area MLS® Listings

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Royal Oak Estates Building & Common Area Photos

Royal Oak Estates - 4678 Elk Lake Victoria BC
Royal Oak Estates - 4678 Elk Lake Victoria BC
Royal Oak Estates - 4678 Elk Lake Victoria BC
Royal Oak Estates - 4678 Elk Lake Victoria BC

Videos

Royal Oak Estates Maps (Google, Google Street View, Bing Aerial View, Area Condos, Walk Score)

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Other Buildings in Complex and/or Area

  1. Royal Pines - 500 Marsett PL - VIS3130
  2. Amble Green - 510 Marsett PL - VIS2624
  3. Royal Links North - 520 Marsett PL - VIS2436
  4. Royal Links South - 530 Marsett PL - VIS2809

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Area Rentals

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Victoria Real Estate Board Update

High Demand Continues as Inventory Shrinks in the Victoria Housing Market

 

December 1 2016, Victoria, BC

A total of 599 properties sold in the Victoria Real Estate Board region this November, 4.5 per cent more than the 573 properties sold in November last year.

Inventory levels remain lower than last year, with 1,815 active listings for sale on the Victoria Real Estate Board Multiple Listing Service® at the end of November 2016, 38.5 per cent fewer than the 2,952 active listings at the end of November 2015.

"Our current housing market is in a strong cycle due to many factors, including our current positive economic conditions, baby boomers retiring here, millennial buying cycles, a low Canadian dollar keeping folks closer to home and our favourable living conditions," notes Mike Nugent, 2016 President of the Board. "These factors and others, in combination with ongoing low inventory mean demand for housing is up, particularly in those areas close to the core and amenities."

The Multiple Listing Service® Home Price Index benchmark value for a single family home in the Victoria Core in November 2015 was $608,600. The benchmark value for the same home in November 2016 has increased by 23.9 per cent to $753,800.

"Foreign buyers are another factor that affects our local housing market. The provincial government is considering implementation of a local tax on foreign buyers to ensure pressure on pricing from that source remains mitigated," adds President Nugent. "While October data shows an increase in foreign buyers into the Capital Regional District compared to previous months, their 6.3 per cent of property transfers indicate that these buyers are one factor in the marketplace. A much larger factor affecting affordability and availability right now is the lack of inventory. An effective method to address housing affordability issues could be through efforts to increase the supply of housing, either through adjustments to zoning or density."

About the Victoria Real Estate Board - Founded in 1921, the Victoria Real Estate Board is a key player in the development of standards and innovative programs to enhance the professionalism of REALTORS®. The Victoria Real Estate Board represents 1,320 local Realtors. If you are thinking about buying or selling a home, connect with your local Realtor for detailed information on the Victoria and area housing market.

View our press release and summary here.

View our complete statistical package here

For More Information 

Victoria Real Estate Board
Denise Hogue, Communications Manager

Phone: 250-920-4652

 

 

Victoria Real Estate Sales September 2016

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