Under your rent
18
$99,900
~$474/mo
i#1 – 1509 Hunters Place
Castlegar · Residential
3 bd
1 ba
844 sqft
$118/sqft
Built 1973
MLS® 10386436
eXp Realty
Rent vs mortgage
$2,200 a month in rent buys a $464,000 home in Castlegar
That is what a 2200-a-month rent carries as a mortgage at 5.19%, with 20% down over a 25-year amortization. Covering property tax, strata and insurance inside the same monthly budget, the matching price is about $334,000. Here are the 52 Castlegar homes on the market at or under it right now.
Purchase price
$464,000
Down payment
$93,000
All-in monthly
$2,815/mo
Matching homes
52
Castlegar homes your $2,200 rent could own
Under your rent
36
$359,900
~$1,706/mo
i#4 – 573 10th Avenue
Castlegar · Residential
2 bd
1 ba
1,040 sqft
$346/sqft
Built 1992
MLS® 10398081
eXp Realty
Under your rent
25
$409,000
~$1,939/mo
i7465 Broadwater Road
Castlegar · Residential
2 bd
1 ba
768 sqft
$533/sqft
Built 2002
MLS® 10396818
ComFree
Under your rent
18
$205,000
~$972/mo
i#26 – 3969 Broadwater Road
Castlegar · Residential
3 bd
1 ba
1,230 sqft
$167/sqft
Built 1975
MLS® 10370999
Century 21 Kootenay Homes (2018) Ltd
Under your rent
$159,000
~$754/mo
iLot 16 Pearson Road
Castlegar · Land
MLS® 10394406
Coldwell Banker Executives Realty
Under your rent
$189,900
~$900/mo
iLot 17 Pearson Road
Castlegar · Land
MLS® 10394418
Coldwell Banker Executives Realty
Under your rent
$139,900
~$663/mo
iLot 4 Pearson Road
Castlegar · Land
MLS® 10397111
Coldwell Banker Executives Realty
Under your rent
$139,900
~$663/mo
iLot 3 Pearson Road
Castlegar · Land
MLS® 10397100
Coldwell Banker Executives Realty
Under your rent
$139,900
~$663/mo
iLot 5 Pearson Road
Castlegar · Land
MLS® 10397113
Coldwell Banker Executives Realty
Under your rent
$139,900
~$663/mo
iLot 6 Pearson Road
Castlegar · Land
MLS® 10397096
Coldwell Banker Executives Realty
Under your rent
14
$399,000
~$1,891/mo
i3108 1st Avenue
Castlegar · Land
MLS® 10395317
Mountain Town Properties Ltd.
Under your rent
8
$304,900
~$1,445/mo
i604 11th Street
Castlegar · Land
MLS® 10396254
Coldwell Banker Executives Realty
See all on the map (52 active listings)
Other rents in Castlegar
$1,500/mo · $1,800/mo · $2,000/mo · $2,500/mo · $3,000/mo · $3,500/mo · $4,000/mo
The assumptions behind these numbers
Every figure assumes a 5.19% interest rate, 20% down and a 25-year amortization. Property tax uses the local municipal residential rate of 6.03 per $1,000; strata ($320/mo) and insurance ($62/mo) are estimates, since neither is knowable from rent alone. Change any of these in the calculator and the numbers update in place. This is an estimate for comparison, not a mortgage approval or financial advice. Your rate, down payment and the home's real carrying costs will differ. Confirm with a mortgage professional before you rely on it.
Common questions
What can $2,200 a month in rent buy in Castlegar?
At a 5.19% rate with 20% down over 25 years, $2,200/mo carries the mortgage on a home priced around $464,000. Covering tax, strata and insurance inside the same budget, the matching price is about $334,000.
How much do I need for a down payment?
On a $464,000 home at 20% down, the down payment is $93,000. A smaller down payment raises the monthly cost and may add mortgage insurance.
Is the mortgage really the same as my rent?
The mortgage payment is, by design; that is what this page solves for. Owning also adds roughly $615/mo in tax, strata and insurance, so the honest all-in monthly on a $464,000 home is closer to $2,815.
RR
How these numbers are worked out
I am Ray Rasouli, a licensed REALTOR® with Real Broker B.C. Ltd. The purchase price is your rent solved back through a standard amortized mortgage, and the listings come from live MLS® inventory refreshed hourly, not a static table. The figures are for comparison, not a mortgage approval. Tell me your situation and I will confirm what you actually qualify for.
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Listing data provided by the Real Estate Board of Greater Vancouver and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. Mortgage figures are estimates for comparison only, not financial advice. MLS® and REALTOR® are trademarks of CREA.