Under your rent
29
$249,900
$215/sqft
2 bd · 2 ba · 1,162 sqft
#222, 45835 Sleepy Hollow Road
Cultus Lake · Manufactured Home
~$1,184/mo
Listed by Real Broker BC LtdMLS® R3173966
Rent vs own
What your rent could own in Cultus Lake.
Enter your rent to see the home price it could cover and homes listed at that price.
- A $2,500 rent carries
- $527,000
- Median asking
- $999,450
- Homes at or under it
- 9
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 9 homes listed at or under it in Cultus Lake.
Of the first payment, about $694 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $414,000.
- A $2,500 rent carries
- $527,000
- Median asking
- $999,450
- Homes at or under it
- 9
Source: Current MLS® listings.
What each rent buys
In Cultus Lake, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $472,450 under Cultus Lake's $999,450 median home price. 9 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Cultus Lake homes around a $2,500 rent
9 active listings
Under your rent
10
$125,000
$155/sqft
2 bd · 1 ba · 806 sqft
#27, 3942 Columbia Valley Road
Cultus Lake · Manufactured Home
~$592/mo
Listed by Homelife Advantage Realty Ltd.MLS® R3105391
Under your rent
23
$199,999
$255/sqft
2 bd · 1 ba · 784 sqft
#65, 3942 Columbia Valley Road
Cultus Lake · Manufactured Home
~$948/mo
Listed by Royal Lepage Wheeler CheamMLS® R3160317
Under your rent
25
$85,000
$137/sqft
2 bd · 1 ba · 619 sqft
#28, 3942 Columbia Valley Road
Cultus Lake · Manufactured Home
~$403/mo
Listed by Century 21 Creekside RealtyMLS® R3127457
Under your rent
36
$88,888
$93/sqft
3 bd · 1 ba · 960 sqft
#109, 3942 Columbia Valley Road
Cultus Lake · Manufactured Home
~$421/mo
Listed by Hugh & McKinnon Realty Ltd.MLS® R3156719
Under your rent
36
$130,000
#60, 1436 Frost Road
Cultus Lake · Land
~$616/mo
Listed by Homelife Benchmark Realty Corp.MLS® R3134153
Under your rent
29
$249,900
$291/sqft
2 bd · 2 ba · 858 sqft
#18, 3942 Columbia Valley Road
Cultus Lake · Manufactured Home
~$1,184/mo
Listed by RE/MAX WestcoastMLS® R3085713
Under your rent
23
$248,700
#170, 1436 Frost Road
Cultus Lake · Land
~$1,179/mo
Listed by Homelife Benchmark Realty Corp.MLS® R3154736
Under your rent
22
$114,900
#58, 1436 Frost Road
Cultus Lake · Land
~$545/mo
Listed by Homelife Benchmark Realty Corp.MLS® R3121384
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
Renting or owning: what changes
One-time costs
Buying adds transfer tax, legal fees and an inspection, paid on closing.
Monthly costs past the mortgage
Property tax, strata and insurance are on top of the mortgage. Compare the total with your rent.
Flexibility
A lease is easier to leave. Owning suits staying put for some years.
To see the year owning starts to cost less than renting, try rent or buy.
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($105,000 on $527,000)
- Property tax
- 3.50 per $1,000 of value
- Strata
- $320 a month, an estimate
- Insurance
- $62 a month, an estimate
An estimate, not a mortgage approval or financial advice. Change the rate, down payment or amortization in the calculator and the figures update.
More ways to explore Cultus Lake
Listings and market data for Cultus Lake.
Nearby cities
Compare Cultus Lake with other markets in the region.
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
CorrectionsReport a correction
A mortgage broker can confirm what you qualify for.