Royal Oak, Saanich · MLS® 1051910
221
1,278 sq ft · Condo · Single Family · built 1982 · 21 days on market
listed by Kevin Sing, DFH Real Estate Ltd.
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.
20% down at 4.44% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
Costs: mortgage $2,108 · tax $229 · strata $644 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent is today's market rent for a 2-bedroom in Saanich: CMHC's average there ($2,104) raised by what new tenants pay against everyone in the Victoria area, then down 1.9% with Victoria's asking rents, 2025 Q4 → 2026 Q2. (CMHC Rental Market Survey, October 2025; CMHC Rental Market Report 2025, table 6.0 (rents on units that turned over to a new tenant); trend: Statistics Canada.) Houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
Catchment schools, Saanich School District 63
4.1 km away · 321 Prospect Lake Rd, Victoria · 250-727-3314
900 m away · 751 Travino Lane, Victoria · 250-479-7128
1.7 km away · 4980 Wesley Rd, Victoria · 250-658-5221
From the Saanich School District 63's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
Keep private notes and ratings on homes you're considering. (email only) and they follow you to every device.
| year | assessed | est. tax |
|---|---|---|
| 2026 | $532,100 | $2,767 |
| 2025 | $522,100 | $2,578 |
Estimated tax up 7.3% from 2025 to 2026.
The listing shows $2,746 a year in property tax.
Estimate: the BC Assessment value times Saanich's residential tax rate for that year (Province of BC, local government statistics). Leaves out the home owner grant, parcel taxes and utility charges; the city's tax notice is the real figure.
Condos in Saanich, registered sales in the last 6 months (BC Assessment) against each home's last asking price on the MLS®. Sale prices register 1 to 3 months after a sale closes.
the building's lot: 46,404 m² (499,488 sq ft) · PID 000-872-342. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.
Walkability 77/100 · Walkable: many errands on foot
Within a 10 minute walk: 1 grocery store, 1 place to eat or drink, 6 parks and playgrounds, 17 transit stops.
mihom score from OpenStreetMap places, by straight line distance.