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500-666 Burrard Street, Vancouver, BC V6C 3P6
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®MLSReciprocity
Home/Rent vs mortgage/Nanaimo/$3,500/mo

Rent vs mortgage

$3,500 a month in rent buys a $738,000 home in Nanaimo

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 $568,000. Here are the 428 Nanaimo homes on the market at or under it right now.

Purchase price

$738,000

Down payment

$148,000

All-in monthly

$4,307/mo

Matching homes

428

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $3,500/mo owns a home worth about

$738,000

428 Nanaimo homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $612,000.

Rate %
Down %
Amort. yrs
Email *
How $3,500/mo of rent becomes a purchase price
Rent you pay$3,500/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$148,000
Mortgage supported$590,000
Purchase price$738,000
Tax, strata & insurance$807/mo
All-in monthly$4,307/mo

Nanaimo homes your $3,500 rent could own

#4 – 6325 Metral Drive
Under your rent
44

$364,900

~$1,730/mo

i

#4 – 6325 Metral Drive

Nanaimo · Residential

3 bd

2 ba

1,255 sqft

$291/sqft

Built 1972

MLS® 1046859

View

eXp Realty

#102 – 135 Haliburton Street
Under your rent
52

$359,900

~$1,706/mo

i

#102 – 135 Haliburton Street

Nanaimo · Residential

1 bd

1 ba

567 sqft

$635/sqft

Built 2023

MLS® 1038730

View

Oakwyn Realty Ltd. (NA)

300 Terminal Avenue
Under your rent
12

$449,000

~$2,128/mo

i

300 Terminal Avenue

Nanaimo · Residential

Built 1954

MLS® 1024752

View

Sutton Group-West Coast Realty (Nan)

#30 – 5854 Turner Road
Under your rent
21

$198,000

~$938/mo

i

#30 – 5854 Turner Road

Nanaimo · Residential

2 bd

2 ba

980 sqft

$202/sqft

Built 1989

MLS® 1044233

View

Royal LePage Nanaimo Realty (NanIsHwyN)

#1 – 4801 Hammond Bay Road
Under your rent
31

$459,900

~$2,180/mo

i

#1 – 4801 Hammond Bay Road

Nanaimo · Residential

3 bd

2 ba

1,251 sqft

$368/sqft

Built 1990

MLS® 1043605

View

REMAX Professionals (NA)

#110 – 1800 Summerhill Place
Under your rent
38

$589,000

~$2,792/mo

i

#110 – 1800 Summerhill Place

Nanaimo · Residential

3 bd

3 ba

1,477 sqft

$399/sqft

Built 2019

MLS® 1047256

View

REMAX Professionals (NA)

3730 Departure Bay Road
Under your rent
35

$719,900

~$3,412/mo

i

3730 Departure Bay Road

Nanaimo · Residential

3 bd

2 ba

1,380 sqft

$522/sqft

Built 1986

MLS® 1047179

View

Royal LePage Nanaimo Realty (NanIsHwyN)

#111 – 1615 Northfield Road
Under your rent
Open House on Sun, 1pm–3pm
37

$659,900

~$3,128/mo

i

#111 – 1615 Northfield Road

Nanaimo · Residential

3 bd

4 ba

1,732 sqft

$381/sqft

Built 2026

MLS® 1040881

View

REMAX Professionals (NA)

#107 – 1615 Northfield Road
Under your rent
Open House on Sun, 1pm–3pm
35

$649,900

~$3,080/mo

i

#107 – 1615 Northfield Road

Nanaimo · Residential

3 bd

4 ba

1,963 sqft

$331/sqft

Built 2026

MLS® 1040877

View

REMAX Professionals (NA)

#109 – 1615 Northfield Road
Under your rent
Open House on Sun, 1pm–3pm
29

$649,900

~$3,080/mo

i

#109 – 1615 Northfield Road

Nanaimo · Residential

3 bd

4 ba

1,755 sqft

$370/sqft

Built 2026

MLS® 1040878

View

REMAX Professionals (NA)

#108 – 1615 Northfield Road
Under your rent
Open House on Sun, 1pm–3pm
35

$624,900

~$2,962/mo

i

#108 – 1615 Northfield Road

Nanaimo · Residential

3 bd

4 ba

1,963 sqft

$318/sqft

Built 2026

MLS® 1040876

View

REMAX Professionals (NA)

#106 – 1615 Northfield Road
Under your rent
Open House on Sun, 1pm–3pm
33

$624,900

~$2,962/mo

i

#106 – 1615 Northfield Road

Nanaimo · Residential

3 bd

4 ba

1,963 sqft

$318/sqft

Built 2026

MLS® 1040872

View

REMAX Professionals (NA)

See all on the map (428 active listings)

Other rents in Nanaimo

$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 6.91 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 Nanaimo?

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 $568,000.

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 $807/mo in tax, strata and insurance, so the honest all-in monthly on a $738,000 home is closer to $4,307.

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.

Page methodology and sources are stated beside the figures. Content is reviewed by Ray Rasouli, REALTOR®, Real Broker B.C. Ltd.
$1,500/mo in Nanaimo$1,800/mo in Nanaimo$2,000/mo in Nanaimo$2,200/mo in Nanaimo$2,500/mo in Nanaimo$3,000/mo in Nanaimo$4,000/mo in NanaimoAll rent bands in NanaimoNanaimo market reportMortgage calculator

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.