Under your rent
21
$139,900
~$663/mo
i#117 – 1736 Timberlands Road
Ladysmith · Residential
2 bd
2 ba
1,239 sqft
$113/sqft
Built 1990
MLS® 1037096
Royal LePage Nanaimo Realty LD
Rent vs mortgage
$1,500 a month in rent buys a $316,000 home in Ladysmith
That is what a 1500-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 $202,000. Here are the 17 Ladysmith homes on the market at or under it right now.
Purchase price
$316,000
Down payment
$63,000
All-in monthly
$2,042/mo
Matching homes
17
Ladysmith homes your $1,500 rent could own
Under your rent
34
$199,000
~$943/mo
i#110 – 1736 Timberlands Road
Ladysmith · Residential
2 bd
1 ba
1,191 sqft
$167/sqft
Built 1990
MLS® 1036328
eXp Realty (NA)
Under your rent
33
$279,000
~$1,322/mo
i#310 – 218 Bayview Avenue
Ladysmith · Residential
2 bd
1 ba
873 sqft
$320/sqft
Built 1973
MLS® 1040988
Pemberton Holmes Ltd. (Cow Vall)
Under your rent
2
$300,000
~$1,422/mo
iLot – 4 Norah Place
Ladysmith · Land
0 bd
0 ba
MLS® 1043516
Century 21 Harbour Realty Ltd.
Under your rent
2
$300,000
~$1,422/mo
iLot – 1 Norah Place
Ladysmith · Land
0 bd
0 ba
MLS® 1043505
Century 21 Harbour Realty Ltd.
Under your rent
2
$300,000
~$1,422/mo
iLot – 2 Norah Point
Ladysmith · Land
0 bd
0 ba
MLS® 1043510
Century 21 Harbour Realty Ltd.
Under your rent
2
$300,000
~$1,422/mo
iLot – 3 Norah Place
Ladysmith · Land
0 bd
0 ba
MLS® 1043514
Century 21 Harbour Realty Ltd.
Under your rent
2
$300,000
~$1,422/mo
iLot – 10 Norah Place
Ladysmith · Land
0 bd
0 ba
MLS® 1043518
Century 21 Harbour Realty Ltd.
Under your rent
33
$274,900
~$1,303/mo
i#10 – 10980 Westdowne Road
Ladysmith · Residential
2 bd
2 ba
996 sqft
$276/sqft
Built 1972
MLS® 1037354
Royal LePage Nanaimo Realty LD
Under your rent
34
$299,000
~$1,417/mo
i#101 – 219 Dogwood Drive
Ladysmith · Residential
2 bd
1 ba
916 sqft
$326/sqft
Built 1992
MLS® 1042221
Royal LePage Nanaimo Realty LD
Under your rent
43
$299,900
~$1,421/mo
i#15 – 5150 Christie Road
Ladysmith · Residential
2 bd
2 ba
830 sqft
$361/sqft
Built 2024
MLS® 1041448
Royal LePage Nanaimo Realty LD
Under your rent
48
$229,900
~$1,090/mo
i#4 – 715 Malone Road
Ladysmith · Residential
3 bd
1 ba
987 sqft
$233/sqft
Built 1976
MLS® 1041183
Island Pacific Realty Ltd.
See all on the map (17 active listings)
Other rents in Ladysmith
$1,800/mo · $2,000/mo · $2,200/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 6.05 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 $1,500 a month in rent buy in Ladysmith?
At a 5.19% rate with 20% down over 25 years, $1,500/mo carries the mortgage on a home priced around $316,000. Covering tax, strata and insurance inside the same budget, the matching price is about $202,000.
How much do I need for a down payment?
On a $316,000 home at 20% down, the down payment is $63,000. 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 $542/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $2,042.
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.