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$2,295 a month in rent buys a $484,000 home in Nanaimo

204 homes are listed at or under that price. Confirm the email in your inbox and new ones arrive in your dashboard.

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Purchase price: $484,000
Down payment: $97,000
All-in monthly: $2,818/mo

Nanaimo homes your rent could own

204 active listings

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Under your rent

$429,000

$525/sqft

2 bd · 2 ba · 817 sqft

#308, 20 Barsby Avenue

Nanaimo · Single Family

~$2,033/mo

Listed by Royal LePage Island Living (PK)MLS® 1042333

Under your rent

$369,000

$822/sqft

1 bd · 1 ba · 449 sqft

#304, 555 Franklyn Street

Nanaimo · Single Family

~$1,749/mo

Listed by Royal LePage Nanaimo Realty (NanIsHwyN)MLS® 1043742

Under your rent

$439,900

$304/sqft

3 bd · 2 ba · 1,449 sqft

1018 Collier Crescent

Nanaimo · Single Family

~$2,085/mo

Listed by REMAX Professionals (NA)MLS® 1050103

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).

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How $2,295/mo of rent becomes a purchase price
Rent you pay	$2,295/mo
Interest rate	5.19%
Amortization	25 years
Down payment (20%)	$97,000
Mortgage supported	$387,000
Purchase price	$484,000
Tax, strata and insurance	$523/mo
All-in monthly	$2,818/mo

These figures are an estimate for comparison, not an approval. A mortgage broker can tell you what a lender would offer. Back to the rent tool

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. Mortgage figures are estimates for comparison only, not financial advice. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).