Under your rent
6
$74,900
101 RIVER BEND Lane
Kimberley · Vacant Land
~$355/mo
Listed by Cherry Creek Property Services Ltd.MLS® 10405710
Rent vs own
What your rent could own in Kimberley.
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
- $538,000
- Homes at or under it
- 19
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 19 homes listed at or under it in Kimberley.
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
- $538,000
- Homes at or under it
- 19
Source: Current MLS® listings.
What each rent buys
In Kimberley, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $11,000 under Kimberley's $538,000 median home price. 19 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Kimberley homes around a $2,500 rent
19 active listings
Under your rent
43
$67,500
$39/sqft
3 bd · 3 ba · 1,719 sqft
N3A – 1351 Gerry Sorensen Way
Kimberley · Single Family
~$320/mo
Listed by Royal LePage Rockies WestMLS® 10405604
Under your rent
7
$260,000
118 Sunflower Drive
Kimberley · Vacant Land
~$1,232/mo
Listed by Royal LePage Rockies WestMLS® 10404736
Under your rent
11
$239,900
$371/sqft
1 bd · 1 ba · 646 sqft
#8, 610 Knighton Road
Kimberley · Single Family
~$1,137/mo
Listed by RE/MAX Blue Sky RealtyMLS® 10395841
Under your rent
24
$375,000
$422/sqft
3 bd · 1 ba · 888 sqft
875 300TH Street
Kimberley · Single Family
~$1,777/mo
Listed by Royal LePage Rockies WestMLS® 10405019
Under your rent
33
$280,000
$411/sqft
1 bd · 1 ba · 681 sqft
#413, 400 STEMWINDER Drive
Kimberley · Single Family
~$1,327/mo
Listed by Royal LePage Rockies WestMLS® 10394256
Under your rent
8
$119,800
105 SULLIVAN Drive
Kimberley · Vacant Land
~$568/mo
Listed by Real Broker B.C. LtdMLS® 10389429
Under your rent
28
$299,800
$434/sqft
1 bd · 1 ba · 690 sqft
#419, 400 STEMWINDER Drive
Kimberley · Single Family
~$1,421/mo
Listed by Real Broker B.C. LtdMLS® 10373157
Under your rent
34
$389,900
$332/sqft
3 bd · 1 ba · 1,176 sqft
113 311 Avenue
Kimberley · Single Family
~$1,848/mo
Listed by RE/MAX Blue Sky RealtyMLS® 10401519
Under your rent
15
$150,000
229 River Ridge Way Other
Kimberley · Vacant Land
~$711/mo
Listed by Royal LePage Rockies WestMLS® 10404125
Under your rent
37
$399,000
$564/sqft
2 bd · 1 ba · 707 sqft
438 3rd Avenue
Kimberley · Single Family
~$1,891/mo
Listed by Royal LePage Rockies WestMLS® 10386946
Under your rent
44
$280,000
$160/sqft
4 bd · 3 ba · 1,747 sqft
283 Kimbrook Crescent
Kimberley · Single Family
~$1,327/mo
Listed by RE/MAX Blue Sky RealtyMLS® 10401879
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 Kimberley
Listings and market data for Kimberley.
Nearby cities
Compare Kimberley 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.