Under your rent
42
$285,000
~$1,351/mo
i#43 – 10325 Lakeshore Road
Port Alberni · Residential
2 bd
2 ba
1,163 sqft
$245/sqft
Built 1990
MLS® 1040680
RE/MAX Mid-Island Realty
Rent vs mortgage
$1,500 a month in rent buys a $316,000 home in Port Alberni
That is what a 1500-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 $194,000. Here are the 31 Port Alberni homes on the market at or under it right now.
Purchase price
$316,000
Down payment
$63,000
All-in monthly
$2,081/mo
Matching homes
31
Port Alberni homes your $1,500 rent could own
Under your rent
18
$249,900
~$1,184/mo
i#313 – 3855 11th Avenue
Port Alberni · Residential
2 bd
1 ba
880 sqft
$284/sqft
Built 1997
MLS® 1043705
Loyal Homes Ltd.
Under your rent
27
$259,000
~$1,228/mo
i#15 – 4935 Broughton Street
Port Alberni · Residential
3 bd
1 ba
960 sqft
$270/sqft
Built 1980
MLS® 1041985
RE/MAX Mid-Island Realty
Under your rent
7
$154,900
~$734/mo
i4817 Dunbar Street
Port Alberni · Land
0 bd
0 ba
MLS® 1047514
Loyal Homes Ltd.
Under your rent
4
$179,900
~$853/mo
i2502 16th Avenue
Port Alberni · Residential
0 bd
0 ba
Built 1958
MLS® 1046386
REMAX Professionals - Dave Koszegi Group
Under your rent
12
$299,000
~$1,417/mo
iA-6 – 10324 Lakeshore Road
Port Alberni · Residential
0 bd
0 ba
MLS® 1044533
REMAX Professionals - Dave Koszegi Group
Under your rent
4
$249,900
~$1,184/mo
i5480 Greenard Street
Port Alberni · Land
0 bd
0 ba
MLS® 1004848
RE/MAX Mid-Island Realty
Under your rent
15
$299,900
~$1,421/mo
i#9 – 4110 Kendall Avenue
Port Alberni · Residential
3 bd
2 ba
1,245 sqft
$241/sqft
Built 1965
MLS® 1041268
Loyal Homes Ltd.
Under your rent
20
$250,000
~$1,185/mo
i#3 – 2831 Burde Street
Port Alberni · Residential
0 bd
0 ba
MLS® 1038135
RE/MAX Mid-Island Realty
Under your rent
6
$213,000
~$1,010/mo
iLot 1 – 3580 Galiano Drive
Port Alberni · Land
0 bd
0 ba
MLS® 980953
Coldwell Banker Horizon Realty
Under your rent
31
$309,000
~$1,465/mo
i10440 Wilson Road
Port Alberni · Land
0 bd
0 ba
MLS® 1031052
Real Broker
Under your rent
15
$299,000
~$1,417/mo
i2876 12th Avenue
Port Alberni · Residential
4 bd
2 ba
2,005 sqft
$149/sqft
Built 1955
MLS® 1039539
RE/MAX Mid-Island Realty
See all on the map (31 active listings)
Other rents in Port Alberni
$1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/mo · $3,500/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 7.56 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 $1,500 a month in rent buy in Port Alberni?
At a 5.19% rate with 20% down over 25 years, $1,500/mo carries the mortgage on a home priced around $316,000. Covering tax, strata and insurance inside the same budget, the matching price is about $194,000.
How much do I need for a down payment?
On a $316,000 home at 20% down, the down payment is $63,000. 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 $581/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $2,081.
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.