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
eXp Realty
Rent vs mortgage
$4,000 a month in rent buys a $844,000 home in Nanaimo
That is what a 4000-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 $661,000. Here are the 504 Nanaimo homes on the market at or under it right now.
Purchase price
$844,000
Down payment
$169,000
All-in monthly
$4,868/mo
Matching homes
504
Nanaimo homes your $4,000 rent could own
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
Oakwyn Realty Ltd. (NA)
Under your rent
29
$779,900
~$3,697/mo
i297 Harwell Road
Nanaimo · Residential
5 bd
3 ba
2,198 sqft
$355/sqft
Built 2003
MLS® 1047696
REMAX Professionals (NA)
Under your rent
12
$449,000
~$2,128/mo
i300 Terminal Avenue
Nanaimo · Residential
Built 1954
MLS® 1024752
Sutton Group-West Coast Realty (Nan)
Under your rent
33
$779,900
~$3,697/mo
i5722 Quarry Crescent
Nanaimo · Residential
2 bd
2 ba
1,332 sqft
$586/sqft
Built 1997
MLS® 1047492
REMAX Professionals (NA)
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
Royal LePage Nanaimo Realty (NanIsHwyN)
Under your rent
32
$839,900
~$3,981/mo
i6055 Brickyard Road
Nanaimo · Residential
3 bd
2 ba
1,639 sqft
$512/sqft
Built 2001
MLS® 1047679
Royal LePage Nanaimo Realty (NanIsHwyN)
Under your rent
70
$829,900
~$3,934/mo
i1574 MacMillan Road
Nanaimo · Residential
4 bd
3 ba
2,471 sqft
$336/sqft
Built 1966
MLS® 1047296
REMAX Professionals (NA)
Under your rent
50
$814,900
~$3,862/mo
i121 Harewood Road
Nanaimo · Residential
6 bd
2 ba
2,668 sqft
$305/sqft
Built 1920
MLS® 1046265
eXp Realty (NA)
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
REMAX Professionals (NA)
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
REMAX Professionals (NA)
Under your rent
35
$719,900
~$3,412/mo
i3730 Departure Bay Road
Nanaimo · Residential
3 bd
2 ba
1,380 sqft
$522/sqft
Built 1986
MLS® 1047179
Royal LePage Nanaimo Realty (NanIsHwyN)
See all on the map (504 active listings)
Other rents in Nanaimo
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/mo · $3,500/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 $4,000 a month in rent buy in Nanaimo?
At a 5.19% rate with 20% down over 25 years, $4,000/mo carries the mortgage on a home priced around $844,000. Covering tax, strata and insurance inside the same budget, the matching price is about $661,000.
How much do I need for a down payment?
On a $844,000 home at 20% down, the down payment is $169,000. 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 $868/mo in tax, strata and insurance, so the honest all-in monthly on a $844,000 home is closer to $4,868.
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.