$1,650,000
4797 Elk Rd
Beds
0
Baths
—
Sqft
—
Year
1901
Type
Vacant Land
Suite
Legal suite
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Saanich. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
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:65958)
- Subtype
- Vacant Land
- Community
- Elk Lake
- Common interest
- Freehold
- Lot size
- 2.03 acres
- Lot dimensions
- 2.03
- Parking
- 10 total
- On market
- Apr 23, 2026
- Status changed
- Apr 23, 2026
- Annual tax
- $5,939.52
- Zoning
- Rural residential
- Photos
- 21
- MLS#
- 1031375
- Area
- SAANICH
Features and systems
Parking
Heating
Lot
View
Cash on cash
-0.66%
Cap rate
4.73%
GRM
13.9
Break-even rent
$10,092
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.