Last updated on September 4th, 2023
airbnb property for sale Toronto
Known as the largest city in Canada, Toronto certainly does not disappoint travelers as it offers almost everything! From sports, shopping centers, art & crafts, to reputable universities, Toronto is undoubtedly one of the many markets that should not be missed out on in Canada.
The best part is that Toronto is one of the best real estate markets for rental income in Canada. However, before deciding to purchase a property, it’s certainly important to consider the major costs, revenue, and Airbnb occupancy rates in Toronto. Let’s not forget to consider the laws and regulations as well! In order to operate an STR business without worrying about breaching the Airbnb rules in Toronto.
It could be ideal to do rental arbitrage in Toronto as it’s fairly popular and does not require you to purchase a property, but it’s still recommended to learn about buying a property for Airbnb in the future and making sure that it’s profitable.
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“Investing in Toronto real estate is still very profitable and with Toronto’s growing population, the demand for rentals remains stable.”
– By Pierre Carapetian on Toronto Real Estate
Airbnb occupancy rates by city state that an average host in Toronto can earn up to $26,244 during the peak seasons of September. With over 3,144 Airbnb listings in Toronto, it’s certainly a catch for property investors.
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 in Toronto, 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 Toronto?
Using an Airbnb profit estimator, it was discovered that a 2-bedroom property in Toronto can generate an annual revenue of C$81,930 with a steady occupancy rate of 86% and a nightly rate of C$250.
airbnb property for sale Toronto
New Houses for Sale in Toronto
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 Toronto properties for sale along with the calculated gross rental yield, cash-on-cash return, and annual revenue:
80 Huntington St Spc 361, Huntington Beach, CA 92648
1. Studio-type Property for Sale in Toronto
- 0.8 miles to John R. Peterson Elementary School
- Asking Price: C$55,000
| GROSS RENTAL YIELD | 33.13% |
| ANNUAL REVENUE | C$18,220 |
| CASH ON CASH RETURN | 73.61% |
80 Huntington St Spc 162, Huntington Beach, CA 92648
2. 1-Bedroom Property for Sale in Toronto
- 0.8 miles to John R. Peterson Elementary School
- Asking Price: C$65,000
| GROSS RENTAL YIELD | 29.60% |
| ANNUAL REVENUE | C$22,199 |
| CASH ON CASH RETURN | 63.03% |
6240 E Emerald Cove Dr Unit 171, Long Beach, CA 90803
3. 2-Bedroom Property for Sale in Toronto
- 0.5 miles to Kettering Elementary School
- Asking Price: C$119,000
| GROSS RENTAL YIELD | 24.68% |
| ANNUAL REVENUE | C$29,371 |
| CASH ON CASH RETURN | 48.28% |
15300 Magnolia St Spc 62, Westminster, CA 92683
4. 3-Bedroom Property for Sale in Toronto
- 0.4 miles to Leo Carrillo Elementary School
- Asking Price: C$170,000
| GROSS RENTAL YIELD | 23.40% |
| ANNUAL REVENUE | C$39,787 |
| CASH ON CASH RETURN | 44.44% |
14300 Clinton St Spc 53, Garden Grove, CA 92843
5. 4-Bedroom Property for Sale in Toronto
- 0.7 miles Clinton-Mendenhall Elementary School
- Asking Price: C$155,000
| GROSS RENTAL YIELD | 27.57% |
| ANNUAL REVENUE | C$42,731 |
| CASH ON CASH RETURN | 56.94% |
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 Toronto 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.
