Under your rent
70
$400,000
$546/sqft
1 bd · 1 ba · 733 sqft
#203, 2780 Olalla Road
West Kelowna · Single Family
~$1,896/mo
Listed by REMAX KelownaMLS® 10401095
Rent vs own
$3,500 a month in rent buys a $738,000 home in West Kelowna
At a 5.19% posted rate, 20% down and 25 years. 311 West Kelowna homes are listed at or under it.
- Purchase price
- $738,000
- Down payment
- $148,000
- All-in monthly
- $4,187/mo
- Homes listed
- 311
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$738,000
20% down assumed ($148,000). 311 homes listed at or under it in West Kelowna.
Of the first payment, about $975 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $612,000.
- Purchase price
- $738,000
- Down payment
- $148,000
- All-in monthly
- $4,187/mo
- Homes listed
- 311
Source: Current MLS® listings.
West Kelowna homes your $3,500 rent could own
311 active listingsOpen these West Kelowna homes on the map
Draw an area and save homes you like.
Under your rent
32
$649,000
$319/sqft
3 bd · 2 ba · 2,036 sqft
2754 Cameron Road
West Kelowna · Single Family
~$3,076/mo
Listed by REMAX KelownaMLS® 10401309
Under your rent
72
$599,900
$582/sqft
2 bd · 2 ba · 1,031 sqft
#104, 2780 Olalla Road
West Kelowna · Single Family
~$2,843/mo
Listed by REMAX KelownaMLS® 10396425
Under your rent
79
$589,900
$572/sqft
2 bd · 2 ba · 1,031 sqft
#201, 2780 Olalla Road
West Kelowna · Single Family
~$2,796/mo
Listed by REMAX KelownaMLS® 10396450
Under your rent
74
$449,900
$663/sqft
1 bd · 1 ba · 679 sqft
#506, 2760 Olalla Road
West Kelowna · Single Family
~$2,132/mo
Listed by REMAX KelownaMLS® 10396756
Under your rent
34
$420,000
$348/sqft
2 bd · 2 ba · 1,208 sqft
#110, 2120 Shannon Ridge Drive
West Kelowna · Single Family
~$1,991/mo
Listed by Royal LePage KelownaMLS® 10390231
Under your rent
39
$674,988
$305/sqft
5 bd · 3 ba · 2,210 sqft
3652 Yorkton Road
West Kelowna · Single Family
~$3,199/mo
Listed by REMAX KelownaMLS® 10392006
Under your rent
34
$524,995
$487/sqft
2 bd · 2 ba · 1,077 sqft
2092 Clover Drive
West Kelowna · Single Family
~$2,488/mo
Listed by Oakwyn Realty OkanaganMLS® 10401428
Under your rent
63
$735,000
$365/sqft
4 bd · 3 ba · 2,012 sqft
2848 Inverness Road
West Kelowna · Single Family
~$3,484/mo
Listed by REMAX KelownaMLS® 10399065
Under your rent
37
$469,900
$355/sqft
2 bd · 2 ba · 1,322 sqft
#16, 1850 Shannon Lake Road
West Kelowna · Single Family
~$2,227/mo
Listed by REMAX KelownaMLS® 10394335
Under your rent
2
$324,900
$352/sqft
2 bd · 2 ba · 924 sqft
1999 HWY# 97 S Other
West Kelowna · Single Family
~$1,540/mo
Listed by Canada Flex Realty GroupMLS® 10402233
Under your rent
53
$699,000
$373/sqft
5 bd · 3 ba · 1,876 sqft
3220 McIver Road
West Kelowna · Single Family
~$3,313/mo
Listed by Royal LePage KelownaMLS® 10402905
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).
The math
| Rent you pay | $3,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $148,000 |
| Mortgage supported | $590,000 |
| Purchase price | $738,000 |
| Tax, strata and insurance | $687/mo |
| All-in monthly | $4,187/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($148,000 on $738,000)
- Property tax
- 4.96 per $1,000 of value
- Strata
- $320 a month, an estimate
- Insurance
- $62 a month, an estimate
An estimate, not a mortgage approval or financial advice. Change the rate, down payment or amortization in the calculator and the figures update.
Questions
$148,000, or 20% of $738,000.
The mortgage payment is. Tax, strata and insurance add about $687/mo, for $4,187 in total.
Other rents in West Kelowna
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
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).
CorrectionsReport a correction
A mortgage broker can confirm what you qualify for.