4797 Elk Rd
Saanich, BC V9E2E6
$1,650,000
Property Details
Property & Lot
- Lot size
- 2.03 acres
- Zoning
- Rural residential
A-1
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $5,939.52
Interior
- Heating
- Natural gas
- Fireplace
- None
Exterior & Lot
- View
- Valley view
Parking
- Total spaces
- 10 — uncovered indicated
- Features
- Stall
Listing Information
- MLS®
- 1031375
- Listed
- April 23, 2026
- Time on market
- On the market for 130 days
- Data last synced
- August 28, 2026
Listing provided by: Coldwell Banker Oceanside Real Estate · Data source: CREA DDF.
Description
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. (id:63159)
Location Insights
Weather
Nearest station: Victoria (University of)
13°C
—
Humidity 83%
Wind WNW 2 km/h
Tonight
12°
Tuesday
19°
Tuesday night
13°
Wednesday
15°
Wednesday night
11°
Thursday
15°
Source: Environment and Climate Change Canada.
Population
117,735
(2021 Census)
+3.1% since 2016
Density: 1,136.5/km²
Dwellings: 50,064
Median household income: $93,000
After-tax: $83,000
Immigrant population: 22.5%
Top countries of origin (% of total population)
- China3.5% · 4,110
- United Kingdom3.2% · 3,760
- India2.3% · 2,650
- Philippines1.7% · 1,995
- United States of America1.4% · 1,655
- Germany0.6% · 730
- Hong Kong0.6% · 720
- Viet Nam0.5% · 540
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
11
2/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Royal Oak Middle School | Middle | 2.2 km |
| Prospect Lake Elementary | Elementary | 2.3 km |
| Northridge Elementary | Elementary | 3.0 km |
| Strawberry Vale Elementary | Elementary | 3.1 km |
| Claremont Secondary | Secondary | 3.2 km |
| Discovery School(Independent) | K-12 | 3.4 km |
| Lakeview Christian School(Independent) | Elementary/Middle | 3.7 km |
| Glanford Middle School | Elementary | 3.7 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (1)
- Charlotte & the Quail Restaurant · 505 Quayle Road617 m
Parks (3)
- Unnamed278 m
- Unnamed538 m
- Mountain Forest Regional Park · 4692 Mountain Road777 m
Nearby places data: © OpenStreetMap contributors.
School district: Saanich (SD63)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($330,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.