Under your rent
46
$599,000
~$2,839/mo
i615 VICTORIA Street
Nelson · Residential
3 bd
2 ba
1,605 sqft
$373/sqft
Built 1898
MLS® 10389879
eXp Realty
Rent vs mortgage
$3,500 a month in rent buys a $738,000 home in Nelson
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 $576,000. Here are the 82 Nelson homes on the market at or under it right now.
Purchase price
$738,000
Down payment
$148,000
All-in monthly
$4,272/mo
Matching homes
82
Nelson homes your $3,500 rent could own
Under your rent
23
$429,000
~$2,033/mo
i#207 – 514 VICTORIA Street
Nelson · Residential
1 bd
1 ba
593 sqft
$723/sqft
Built 2023
MLS® 10381704
eXp Realty
Under your rent
10
$108,000
~$512/mo
i6812 GRANDVIEW Drive
Nelson · Land
MLS® 10392371
eXp Realty
Under your rent
37
$479,000
~$2,270/mo
iD – 1224 STANLEY Street
Nelson · Residential
2 bd
1 ba
636 sqft
$753/sqft
Built 2023
MLS® 10397285
eXp Realty
Under your rent
38
$499,500
~$2,368/mo
i4630 Highway 3A Highway
Nelson · Residential
4 bd
2 ba
1,680 sqft
$297/sqft
Built 1963
MLS® 10382942
Valhalla Path Realty
Under your rent
46
$629,900
~$2,986/mo
i#408 – 710 Vernon Street
Nelson · Residential
2 bd
2 ba
860 sqft
$732/sqft
Built 2016
MLS® 10398367
Bennett Family Real Estate
Under your rent
40
$162,900
~$772/mo
i#18 – 2917 GEORAMA Road
Nelson · Residential
2 bd
1 ba
1,040 sqft
$157/sqft
Built 1979
MLS® 10396633
WK Real Estate Co.
Under your rent
53
$529,777
~$2,511/mo
i#4 – 702 Fourth Street
Nelson · Residential
2 bd
2 ba
956 sqft
$554/sqft
Built 2010
MLS® 10398296
Royal LePage Rosling Realty
Under your rent
76
$599,000
~$2,839/mo
i1835 Granite Road
Nelson · Residential
3 bd
1 ba
1,445 sqft
$415/sqft
Built 1946
MLS® 10387292
eXp Realty
Under your rent
34
$524,900
~$2,488/mo
i416 BEASLEY W Crescent
Nelson · Residential
3 bd
2 ba
1,287 sqft
$408/sqft
Built 1994
MLS® 10398184
WK Real Estate Co.
Under your rent
75
$677,777
~$3,212/mo
i6728 3A Highway
Nelson · Residential
3 bd
3 ba
1,642 sqft
$413/sqft
Built 1992
MLS® 10387939
Royal LePage Rosling Realty
Under your rent
34
$589,000
~$2,792/mo
i720 Third Street
Nelson · Residential
3 bd
1 ba
1,217 sqft
$484/sqft
Built 1949
MLS® 10388724
Valhalla Path Realty
See all on the map (82 active listings)
Other rents in Nelson
$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 6.33 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 Nelson?
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 $576,000.
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 $772/mo in tax, strata and insurance, so the honest all-in monthly on a $738,000 home is closer to $4,272.
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.