Last updated on June 21st, 2023
airbnb property for sale Hamilton Lakefront CA
The City of Hamilton in Canada has plenty of great attractions and offers a marvelous experience for travelers who want to be in between the best of both worlds – Lake Ontario and Niagara Escarpment! Once short-term rental investors like you target the right neighborhoods, Hamilton City can be considered as one the best havens for Airbnb to earn a passive income.
If you are looking to invest in a property where you can maximize profitability in Hamilton City in Canada, then now is the right time to do so! Here’s some good news – based on Wowa’s housing market in Hamilton, the average home price in Hamilton has decreased by 8.6%.
This means that as of October 2022, average home prices in Hamilton are being sold for C$790,130. In comparison to the prices from February 2022, an average home costs C$1,013,490, so it’s certainly worth to consider investing while the prices are at a lower price!
Source: Hamilton Housing Market Report
Aside from looking at a property’s fascinating architectural design, proximity to major tourist areas, and accessibility to the best go-to places, the primary step is to determine profitability. In this article, we’ll discuss the metrics in order to gauge the best property investment.
This includes the best website recommendations for property investment, property gross rental yield, cash-on-cash return, and annual revenue, along with some of the most ideal and profitable properties according to their location. Stoked to learn more? Continue reading!
Are Lakefront Property Investments Profitable in Hamilton?
Using a short-term rental calculator, it was discovered that a 2-bedroom apartment in Hamilton can generate an annual revenue of C$31,799 with a steady occupancy rate of 69% and a nightly rate of C$124.
airbnb property for sale Hamilton Lakefront CA
Cheap Houses and Properties for Sale in Hamilton
Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. It’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage.
At the same time, it’s even better when a property investor like you conducts research about predicted growths and market forecasts. Some of the cheap houses for sale in Hamilton are Ancaster, Stoney Creek, and Dundas. Here are some of the profitable properties in Hamilton along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
6047 State Highway 89 #56, New Tecumseth, ON L9R
1. Studio-type Property for Sale Hamilton Lakefront
1.5 miles to Lakewood Elementary School
Asking Price: C$50,000
| GROSS RENTAL YIELD | 19.76% |
| ANNUAL REVENUE | C$9,881 |
| CASH ON CASH RETURN | 33.52% |
486 COUNTY ROAD 18 (90 CHERRY BEACH) Lane Cherry Valley, Ontario K0K2P9
2. 1-Bedroom Property for Sale Hamilton Lakefront
7min to Sandbanks beach
Asking Price: C$76,699
| GROSS RENTAL YIELD | 20.17% |
| ANNUAL REVENUE | C$15,472 |
| CASH ON CASH RETURN | 34.75% |
1336 S MORRISON LAKE RD Gravenhurst, Ontario P0E1G0
3. 2-Bedroom Property for Sale Hamilton Lakefront
Close to the Main Pavilion and Multi-Sports Court
Asking Price: C$81,527
| GROSS RENTAL YIELD | 24.24% |
| ANNUAL REVENUE | C$19,760 |
| CASH ON CASH RETURN | 46.94% |
1082 SHAMROCK MARINA RD Gravenhurst, Ontario P0E1N0
4. 3-Bedroom Property for Sale Hamilton Lakefront
Minutes Off The Highway
Asking Price: C$105,415
| GROSS RENTAL YIELD | 27.86% |
| ANNUAL REVENUE | C$29,364 |
| CASH ON CASH RETURN | 57.80% |
38 DRUMMOND STREET Newboro, Ontario K0G1E0
5. 4-Bedroom Property for Sale Hamilton Lakefront
2.5 miles to Madrid Waddington Elementary School
Asking Price: C$169,900
| GROSS RENTAL YIELD | 24.25% |
| ANNUAL REVENUE | C$41,197 |
| CASH ON CASH RETURN | 46.98% |
Conclusion
Since Airbnb is rapidly increasing and constantly changing for each city in the world, it is crucial to make decisions based on wild guesses. The data points mentioned in this article for Hamilton such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property.
Hence, if the data presented above has given you ideas to boost your strategic pricing plan for your business, then an Airbnb rental arbitrage calculator is certainly what you need for success in the long run. It’s a fact that some of the STR investors are also considering Airbnb Rental Arbitrage, but they still need to have a reliable data tool on which to base their conclusions!
As we live in a digital era, an accurate data analytics tool can help your business stand out among your surrounding competitors and benchmark your property by tracking the occupancy rates of competing listings in your preferred city.
