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Investing in Property for Sale: How to Buy A Profitable Property for Airbnb in Ottawa City Center

Last updated on September 4th, 2023

airbnb property for sale Ottawa City Center

Vastly known for hosting international music festivals, Ottawa offers plenty of beautiful natural resources and exquisite gastronomy! Since there are great universities in Ottawa, it is also a haven for property investors who want to cater to student accommodations. 

However, it’s still recommended to learn about buying a property for Airbnb in order to make sure that it’s profitable. To begin with, it’s certainly important to consider the major costs and revenue before deciding to purchase a property in Ottawa. Another excellent option is to do rental arbitrage in Ottawa as it’s fairly popular and does not require you to purchase a property.

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“Ottawa is still considered an affordable place to buy a home compared to other major urban centers. 
Real estate in Ottawa will almost guarantee you great return on investment based on the steady growth of the housing market in almost any region you consider an investment property.”

– Christine Hauschild on Ottawa Property Investments

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, defining 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!

Is Property Investment Profitable in Ottawa?

Ottawa certainly is a catch to property investors since it is one of the cities that offers the best rental income in Canada.

Using a short-term rental calculator, it was discovered that a 2-bedroom apartment in Ottawa can generate an annual revenue of C$62,794 with a steady occupancy rate of 60% and a nightly rate of C$233.

airbnb property for sale Ottawa City Center

airbnb property for sale Ottawa City Center

Homes for Sale in Ottawa City Center

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. Here are some of the homes for sale in Ottawa under C$300,000 along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

airbnb property for sale Ottawa City Center
airbnb property for sale Ottawa City Center

2049 Lake St Unit 2C, Holland, MI 49424

1. Studio-type Property for Sale in Ottawa
  • 1.5 miles to Lakewood Elementary School
  • Asking Price: C$59,500
GROSS RENTAL YIELD 24.86%
ANNUAL REVENUE C$14,793
CASH ON CASH RETURN 48.82%
airbnb property for sale Ottawa City Center
airbnb property for sale Ottawa City Center

134 Set Ln, Bakersfield, CA 93308

2. 1-Bedroom Property for Sale in OTTAWA
  • 1.3 miles Highland Elementary School
  • Asking Price: C$120,000
GROSS RENTAL YIELD 15.49%
ANNUAL REVENUE C$18,591
CASH ON CASH RETURN 20.71%
airbnb property for sale Ottawa City Center
airbnb property for sale Ottawa City Center

319 Brynford Ave, Lansing, MI 48917

3. 2-Bedroom Property for Sale in OTTAWA
  • 0.3 miles East Intermediate School 
  • Asking Price: C$85,000
GROSS RENTAL YIELD 28.76%
ANNUAL REVENUE C$24,446
CASH ON CASH RETURN 60.51%
3-Bedroom Ottawa
3-Bedroom Ottawa

17 Isabel St, Massena, NY 13662

4. 3-Bedroom Property for Sale in OTTAWA
  • 0.6 miles Nightengale Elementary School
  • Asking Price: C$119,500
GROSS RENTAL YIELD 24.82%
ANNUAL REVENUE C$29,655
CASH ON CASH RETURN 48.68%
4-Bedroom Ottawa
4-Bedroom Ottawa

12 Coles Creek Rd, Waddington, NY 13694

5. 4-Bedroom Property for Sale in OTTAWA
  • 2.5 miles to Madrid Waddington Elementary School
  • Asking Price: C$189,000
GROSS RENTAL YIELD 23.46%
ANNUAL REVENUE C$44,333
CASH ON CASH RETURN 44.60%

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 Ottawa such as Airbnb occupancy rates, annual revenue, and average daily rate should be the primary basis before investing in a property. Yet, if you’re still unsure about investing in Ottawa, we recommend you check other Canadian top rental markets, particularly the Airbnb revenue by city.

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.

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