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4580 Elk Lake Dr
SW Royal Oak Saanich V8Z 5M1

$2,015,000
Residential beds: 6 baths: 4.0 3,204 sq. ft. built: 1986

LAND ASSEMBLY ADJACENT TO ROYAL OAK TRANSIT EXHANGE
Photo 1: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 2: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 3: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 4: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 5: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 6: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 7: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 8: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 9: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 10: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 11: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Photo 12: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
Status:
Active
Prop. Type:
Residential
MLS® Num:
968573
Bedrooms:
6
Bathrooms:
4
Year Built:
1986
LAND ASSEMBLY ADJACENT TO THE BC TRANSIT - ROYAL OAK BUS EXCHANGE. 4580 ELK LAKE DRIVE + 521 NORMANDY ROAD = 16,682 SQ FT / 0.383 ACRES. THE SITE BORDERS ROAYL OAK DR / ELK LAKE DRIVE / NORMANDY RD. IT IS JUST STEPS AWAY FROM THE BUS EXCHANGE + COMMONWEALTH PLACE AND THE BROADMEAD VILLAGE SHOPPING PLAZA ARE CLOSE BY. THIS SITE IS BEING SOLD FOR DEVELOPMENT POTENTIAL DUE TO BILL 47 SUGGESTING 3.5 (FAR) MID RISE BLD UP TO 10 STOREYS. THERE IS THE ADDED BENEFIT OF COLLECTING RENTAL REVENUE IN THE INTERIM DURING THE REDEVELOPMENT STAGES. AN EXCELLENT LOCATION FOR THE CREATION OF MUCH NEEDED AFFORDABLE HOUSING IN VICTORIA. COMBINED PRICE OF: $3.6M
Property Type:
Residential
Type:
Triplex
Year built:
1986 (Age: 38)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
3,204 sq. ft.
Main Building Living Area:
3,204 sq. ft.
Listing General Location:
SW Royal Oak, Saanich West
Bedrooms:
6
Bathrooms:
4.0 (Full:-/Half:-)
Lot Size:
9,307.064 sq. ft.
Kitchens:
3
Taxes:
Construction:
Frame Wood, Insulation: Ceiling, Insulation: Walls, Shingle-Wood, Stucco, Wood
New Construction:
No
Basement:
None
Foundation:
Concrete Perimeter, Slab
Roof:
Fibreglass Shingle
Ceiling Heights:
Floor finish:
Carpet, Laminate, Linoleum
Total Building Area:
3,204 sq. ft.
Total Unfinished Area:
0 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
6
# Main Level Bedrooms:
6
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
4
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
3
# 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:
1,940 sq. ft.
Living Area Other Floor:
458 sq. ft.
Living Area 2nd Floor:
672 sq. ft.
Living Area 3rd Floor:
592 sq. ft.
Fireplaces:
1
Fireplace Details:
Living Room, Wood Burning
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer To Lot
Additional Accommodations:
Exists
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
Yes
Pending Date:
Dishwasher, Dryer, Oven/Range Electric, Range Hood, Refrigerator, Washer
Ceiling Fan(s), Dining Room, Eating Area, Workshop
Bay Window(s), Blinds, Insulated Windows, Window Coverings
Balcony/Patio, Fencing: Partial
CORNER OF ELK LAKE DRIVE AND NORMANDY ROAD ADJACENT THE ROYAL OAK TRANSIT EXCHANGE.
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Main Floor
Floor
Ensuite
Pieces
Other
Main Floor
Main Floor
Main Floor
Main 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:
Jurisdiction name:
District of Saanich (SD63)
Legal Description:
Zoning:
RT-3
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
4
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
Resale
Exposure / Faces:
North
Layout:
Main Level Entry with Lower/Upper Lvl(s)
Lot Site Features:
Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Private, Quiet Area, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk
Attached Garage:
Yes
Carport Spaces:
0
Garage Spaces:
2
Garage:
Yes
Parking Features:
Attached, Garage Double, Guest, RV Access/Parking
Total Parking Spaces:
6
Road Surface Type:
Paved
Common Parking Spaces:
0
Rent Includes:
Heat, Hot Water
Total Units:
Date Listed:
Jun 25, 2024
Original Price:
2015000.0
  • Photo 1: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    LAND ASSEMBLY ADJACENT TO ROYAL OAK TRANSIT EXHANGE
  • Photo 2: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    SITE AREA:= 16,682 SQ FT / 0.383 ACRES
  • Photo 3: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    4580 ELK LAKE DRIVE + 521 NORMANDY ROAD
  • Photo 4: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    TRANSIT EXCHANGE IS JUST STEPS AWAY
  • Photo 5: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    SITE PLAN
  • Photo 6: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    WALK SCORE OF 73
  • Photo 7: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    CLOSE TO THE BROADMEAD VILLAGE SHOPPING PLAZA
  • Photo 8: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    COMMONWEALTH PLACE IS 5 MIN WALK AWAY
  • Photo 9: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    DRONE PICTURE OF THE AREA
  • Photo 10: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    SUPER CENTRAL LOCATION
  • Photo 11: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    BILL 47 SUGGESTS 3.5 FAR / MID RISE UP TO 10 STOREYS
  • Photo 12: 4580 Elk Lake Dr in Saanich: SW Royal Oak Triplex for sale (Saanich West)  : MLS®# 968573
    IDEAL AREA FOR THE DEVELOPMENT OF AFFORDABLE HOUSING
Listed by RE/MAX Generation
Data was last updated November 1, 2024 at 12:05 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$849,900
Min list price:
$529,800
Max list price:
$2,015,000
Avg days on market:
42
Min days on market:
2
Max days on market:
184
Avg price per sq.ft.:
$600
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.
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.