Under your rent
34
$714,900
~$3,388/mo
i4291 Michigan Road
Port Alberni · Residential
4 bd
2 ba
2,420 sqft
$295/sqft
Built 1957
MLS® 1043232
Loyal Homes Ltd.
Rent vs mortgage
$3,500 a month in rent buys a $738,000 home in Port Alberni
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 $560,000. Here are the 169 Port Alberni homes on the market at or under it right now.
Purchase price
$738,000
Down payment
$148,000
All-in monthly
$4,347/mo
Matching homes
169
Port Alberni homes your $3,500 rent could own
Under your rent
56
$599,000
~$2,839/mo
i3727 Maitland Street
Port Alberni · Residential
3 bd
3 ba
2,160 sqft
$277/sqft
Built 1977
MLS® 1040177
RE/MAX Mid-Island Realty
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
Under your rent
30
$549,900
~$2,606/mo
i4853 Gertrude Street
Port Alberni · Residential
3 bd
2 ba
1,460 sqft
$377/sqft
Built 1947
MLS® 1047589
Loyal Homes Ltd.
Under your rent
30
$629,900
~$2,986/mo
i6009 River Road
Port Alberni · Residential
2 bd
2 ba
1,600 sqft
$394/sqft
Built 1943
MLS® 1047534
Loyal Homes Ltd.
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
38
$520,000
~$2,465/mo
i#204 – 5700 Pierce Road
Port Alberni · Residential
2 bd
2 ba
1,410 sqft
$369/sqft
Built 2025
MLS® 1033315
RE/MAX Mid-Island Realty
Under your rent
32
$649,900
~$3,080/mo
i4281 Michigan Road
Port Alberni · Residential
3 bd
2 ba
1,660 sqft
$392/sqft
Built 1957
MLS® 1046784
Real Broker
Under your rent
63
$699,000
~$3,313/mo
i2893 11th Avenue
Port Alberni · Residential
4 bd
2 ba
2,438 sqft
$287/sqft
Built 1936
MLS® 1032801
RE/MAX Mid-Island Realty
Under your rent
62
$589,000
~$2,792/mo
i3129 10th Avenue
Port Alberni · Residential
4 bd
3 ba
1,802 sqft
$327/sqft
Built 1944
MLS® 1029339
RE/MAX Mid-Island Realty
Under your rent
49
$629,000
~$2,981/mo
i5335 Ian Avenue
Port Alberni · Residential
3 bd
1 ba
1,597 sqft
$394/sqft
Built 1954
MLS® 1041424
RE/MAX Mid-Island Realty
Under your rent
26
$439,800
~$2,085/mo
i#9 – 5608 Strathcona Street
Port Alberni · Residential
2 bd
2 ba
1,196 sqft
$368/sqft
Built 1998
MLS® 1044845
Pemberton Holmes Ltd. (PA)
See all on the map (169 active listings)
Other rents in Port Alberni
$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 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 $3,500 a month in rent buy in Port Alberni?
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 $560,000.
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 $847/mo in tax, strata and insurance, so the honest all-in monthly on a $738,000 home is closer to $4,347.
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.