Under your rent
34
$439,900
~$2,085/mo
i#204 – 10529 Powley Court
Lake Country · Residential
2 bd
2 ba
1,108 sqft
$397/sqft
Built 2008
MLS® 10388396
Royal LePage Kelowna
Rent vs mortgage
$3,500 a month in rent buys a $738,000 home in Lake Country
That is what a 3500-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 $594,000. Here are the 85 Lake Country homes on the market at or under it right now.
Purchase price
$738,000
Down payment
$148,000
All-in monthly
$4,183/mo
Matching homes
85
Lake Country homes your $3,500 rent could own
Under your rent
57
$479,000
~$2,270/mo
i#318 – 2551 Shoreline Drive
Lake Country · Residential
2 bd
2 ba
1,237 sqft
$387/sqft
Built 2007
MLS® 10398359
Coldwell Banker Horizon Realty
Under your rent
17
$725,000
~$3,436/mo
iOkanagan Centre Road
Lake Country · Land
MLS® 10398011
Sotheby's International Realty Canada
Under your rent
15
$550,000
~$2,607/mo
i13698 Northstar Lane
Lake Country · Land
MLS® 10390157
Royal LePage Kelowna
Under your rent
49
$639,900
~$3,033/mo
i12905 Lake Hill Lane
Lake Country · Residential
3 bd
3 ba
1,450 sqft
$441/sqft
Built 2016
MLS® 10397024
REMAX Kelowna
Under your rent
39
$595,000
~$2,820/mo
i#50 – 13098 Shoreline Way
Lake Country · Residential
2 bd
2 ba
1,246 sqft
$478/sqft
Built 2021
MLS® 10395214
Century 21 Assurance Realty Ltd
Under your rent
10
$704,900
~$3,341/mo
i11283 Bottom Wood Lake Road
Lake Country · Residential
2 bd
1 ba
981 sqft
$719/sqft
Built 1945
MLS® 10398397
Century 21 Coastal Realty Ltd.
Under your rent
45
$239,900
~$1,137/mo
i#8 – 720 Commonwealth Road
Lake Country · Residential
3 bd
1 ba
1,207 sqft
$199/sqft
Built 1982
MLS® 10388442
REMAX Kelowna
Under your rent
16
$575,000
~$2,725/mo
iOkanagan Centre Road
Lake Country · Land
MLS® 10398005
Sotheby's International Realty Canada
Under your rent
34
$599,000
~$2,839/mo
i#38 – 13098 Shoreline Way
Lake Country · Residential
3 bd
3 ba
1,453 sqft
$412/sqft
Built 2019
MLS® 10362834
Century 21 Assurance Realty Ltd
Under your rent
18
$725,000
~$3,436/mo
iOkanagan Centre Road
Lake Country · Land
MLS® 10397802
Sotheby's International Realty Canada
Under your rent
55
$699,000
~$3,313/mo
i#11 – 12850 Stillwater Court
Lake Country · Residential
3 bd
3 ba
1,715 sqft
$408/sqft
Built 2016
MLS® 10394775
Royal LePage Kelowna Paquette Realty
See all on the map (85 active listings)
Other rents in Lake Country
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/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 4.89 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 $3,500 a month in rent buy in Lake Country?
At a 5.19% rate with 20% down over 25 years, $3,500/mo carries the mortgage on a home priced around $738,000. Covering tax, strata and insurance inside the same budget, the matching price is about $594,000.
How much do I need for a down payment?
On a $738,000 home at 20% down, the down payment is $148,000. 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 $683/mo in tax, strata and insurance, so the honest all-in monthly on a $738,000 home is closer to $4,183.
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.