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Ray Rasouli, REALTOR® · Real Broker B.C. Ltd.
500-666 Burrard Street, Vancouver, BC V6C 3P6
+1 (778) 910-6917 · ray@relta.ca
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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

®MLSReciprocity
Home/Rent vs mortgage/Parksville/$4,000/mo

Rent vs mortgage

$4,000 a month in rent buys a $844,000 home in Parksville

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 $676,000. Here are the 136 Parksville homes on the market at or under it right now.

Purchase price

$844,000

Down payment

$169,000

All-in monthly

$4,796/mo

Matching homes

136

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $4,000/mo owns a home worth about

$844,000

136 Parksville homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $711,000.

Rate %
Down %
Amort. yrs
Email *
How $4,000/mo of rent becomes a purchase price
Rent you pay$4,000/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$169,000
Mortgage supported$675,000
Purchase price$844,000
Tax, strata & insurance$796/mo
All-in monthly$4,796/mo

Parksville homes your $4,000 rent could own

#101 – 1325 Cape Cod Drive
Under your rent
31

$824,000

~$3,906/mo

i

#101 – 1325 Cape Cod Drive

Parksville · Residential

2 bd

2 ba

1,270 sqft

$649/sqft

Built 2007

MLS® 1044089

View

Royal LePage Island Living (PK)

#4 – 310 Pym Street
Under your rent
49

$549,000

~$2,602/mo

i

#4 – 310 Pym Street

Parksville · Residential

2 bd

2 ba

1,227 sqft

$447/sqft

Built 1993

MLS® 1047124

View

RE/MAX Anchor Realty (QU)

625 Forsyth Avenue
Under your rent
41

$699,000

~$3,313/mo

i

625 Forsyth Avenue

Parksville · Residential

3 bd

2 ba

1,658 sqft

$422/sqft

Built 1991

MLS® 1042710

View

Royal LePage Island Living (PK)

#38 – 703 Turner Road
Under your rent
45

$789,900

~$3,744/mo

i

#38 – 703 Turner Road

Parksville · Residential

3 bd

3 ba

1,579 sqft

$500/sqft

Built 2026

MLS® 1047023

View

LPT Realty

145 Meridian Way
Under your rent
34

$789,500

~$3,742/mo

i

145 Meridian Way

Parksville · Residential

2 bd

2 ba

1,416 sqft

$558/sqft

Built 2005

MLS® 1047454

View

Engel & Volkers Vancouver Island North

#35 – 1175 Resort Drive
Under your rent
47

$788,000

~$3,735/mo

i

#35 – 1175 Resort Drive

Parksville · Residential

2 bd

3 ba

1,204 sqft

$654/sqft

Built 2024

MLS® 1044200

View

RE/MAX First Realty (PK)

788 Stanhope Road
Under your rent
50

$799,900

~$3,791/mo

i

788 Stanhope Road

Parksville · Residential

3 bd

3 ba

1,726 sqft

$463/sqft

Built 1991

MLS® 1038777

View

Royal LePage Island Living (PK)

#5 – 161 Shelly Road
Under your rent
24

$739,000

~$3,503/mo

i

#5 – 161 Shelly Road

Parksville · Residential

2 bd

2 ba

1,479 sqft

$500/sqft

Built 2006

MLS® 1047348

View

Royal LePage Island Living (PK)

85 Magnolia Drive
Under your rent
65

$784,900

~$3,720/mo

i

85 Magnolia Drive

Parksville · Residential

3 bd

2 ba

1,563 sqft

$502/sqft

Built 1995

MLS® 1044253

View

Royal LePage Island Living (PK)

574 Hirst Avenue
Under your rent
Open House on Sat, 11am–1pm
45

$699,900

~$3,317/mo

i

574 Hirst Avenue

Parksville · Residential

3 bd

2 ba

1,406 sqft

$498/sqft

Built 1989

MLS® 1047147

View

Royal LePage Island Living (PK)

#44 – 703 Turner Road
Under your rent
42

$789,900

~$3,744/mo

i

#44 – 703 Turner Road

Parksville · Residential

3 bd

3 ba

1,535 sqft

$515/sqft

Built 2026

MLS® 1047027

View

LPT Realty

#40 – 703 Turner Road
Under your rent
45

$699,900

~$3,317/mo

i

#40 – 703 Turner Road

Parksville · Residential

3 bd

3 ba

1,482 sqft

$472/sqft

Built 2026

MLS® 1047025

View

LPT Realty

See all on the map (136 active listings)

Other rents in Parksville

$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 5.89 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 $4,000 a month in rent buy in Parksville?

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 $676,000.

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 $796/mo in tax, strata and insurance, so the honest all-in monthly on a $844,000 home is closer to $4,796.

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.
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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.