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
$2,000 a month in rent buys a $422,000 home in Port Alberni
That is what a 2000-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 $285,000. Here are the 69 Port Alberni homes on the market at or under it right now.
Purchase price
$422,000
Down payment
$84,000
All-in monthly
$2,648/mo
Matching homes
69
Port Alberni homes your $2,000 rent could own
Under your rent
43
$349,000
~$1,654/mo
i4217 8th Avenue
Port Alberni · Residential
2 bd
2 ba
1,229 sqft
$284/sqft
Built 1970
MLS® 1044396
Real Broker
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
18
$319,000
~$1,512/mo
i2295 Anderson Avenue
Port Alberni · Land
0 bd
0 ba
MLS® 1047130
RE/MAX Mid-Island Realty
Under your rent
17
$329,000
~$1,559/mo
i2282 14th Avenue
Port Alberni · Land
0 bd
0 ba
MLS® 1032586
RE/MAX Mid-Island Realty
Under your rent
33
$399,000
~$1,891/mo
i4338 Bute Street
Port Alberni · Residential
2 bd
1 ba
945 sqft
$422/sqft
Built 1930
MLS® 1044501
RE/MAX Mid-Island Realty
Under your rent
20
$384,900
~$1,824/mo
i4955 Elizabeth Street
Port Alberni · Residential
2 bd
1 ba
920 sqft
$418/sqft
Built 1946
MLS® 1046927
Loyal Homes Ltd.
Under your rent
15
$415,000
~$1,967/mo
i5801 Compton Road
Port Alberni · Land
0 bd
0 ba
MLS® 1036950
REMAX Professionals - Dave Koszegi Group
Under your rent
15
$379,900
~$1,801/mo
i5817 Compton Road
Port Alberni · Land
0 bd
0 ba
MLS® 1036954
REMAX Professionals - Dave Koszegi Group
Under your rent
30
$399,500
~$1,894/mo
i#116 – 5555 Grandview Road
Port Alberni · Residential
3 bd
2 ba
1,200 sqft
$333/sqft
Built 2016
MLS® 1037233
RE/MAX Mid-Island Realty
See all on the map (69 active listings)
Other rents in Port Alberni
$1,500/mo · $1,800/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 $2,000 a month in rent buy in Port Alberni?
At a 5.19% rate with 20% down over 25 years, $2,000/mo carries the mortgage on a home priced around $422,000. Covering tax, strata and insurance inside the same budget, the matching price is about $285,000.
How much do I need for a down payment?
On a $422,000 home at 20% down, the down payment is $84,000. 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 $648/mo in tax, strata and insurance, so the honest all-in monthly on a $422,000 home is closer to $2,648.
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.