• Sudbury, Ontario’s stable economy, low cost of living and reasonably priced real estate market have allowed Airbnb hosts to establish a consistent source of income by catering to short-term rental accommodations.
• Utilizing the Airbtics Tool, we have pinpointed Sudbury, Ontario’s top 5 neighborhoods that present attractive prospects for real estate investments. Furthermore, we provide vital Airbnb statistics and property type recommendations for your consideration.

Discover the Ideal Investment: Rental Properties in Sudbury, Ontario’s Thriving Market

The largest city in Northern Ontario, Grand Sudbury, is nestled around many small, rocky mountains and lakes, allowing this destination to feature a striking natural beauty. Sudbury is known for its rich history in the mining industry, which is where it got the nickname “Nickel City”. As of today, the city stands out not only for its scenic landscape but also for its thriving economic situation as it has become a center of scientific and technological development.

Sudbury has evolved into an attractive destination to live and visit, boasting a diverse economy, a flourishing arts and culture scene, and a superb quality of life. Moreover, it has also become an appealing place to invest in real estate. In fact, Sudbury, Ontario is recognized as one of the top Canadian cities for Airbnb investment.

If you’re contemplating where to invest in rental properties in Sudbury, Ontario, this article is a must-read! We reveal the best areas for short-term rentals in Sudbury. Additionally, we’ve included some insights about the city that property investors should know before entering the real estate market.

Why Should You Consider Investing in the Sudbury Rental Market?

Sudbury is a growing city that’s attracting people from all walks of life. If you’re thinking about investing in an income property that can make you a stable cash flow, then Nickel City is an ideal choice. 

There are many reasons to buy an investment property in Sudbury, ON, but here are the top reasons:

• Sudbury’s housing market: Affordable with a steady demand

The demand for housing in Sudbury has been steadily increasing due to the increasing population and the attractive economic and quality of life factors. As a result, real estate investment can provide a consistent source of income through rental properties. Moreover, Sudbury’s real estate market is more affordable than other major cities in Ontario, like Toronto. With relatively cheap prices, it’s easier for investors to get into the market with a friendly budget. The average house price in Sudbury is C$465K as of September 2023.

• Stable economy with a solid job market

With a rich industrial history, the mining sector remains a major contributor to Sudbury’s economy, offering stability and plenty of job opportunities. However, many other sectors have thrived in Sudbury, which allows it to enjoy a more diversified economy, making it less susceptible to economic fluctuations. 

Some key industries that stand as driving forces for Sudbury’s economy are tourism, research & innovation, cleantech & environmental and healthcare, among others.

• Superb living conditions

Sudbury is a great place to live, with lots of high-quality amenities and great things to do and see. The city offers excellent healthcare, a great public transportation system, different housing options, and numerous stores and restaurants. With low crime rates and a quiet environment, Sudbury ensures a comfortable life for residents. Plus, it’s also home to some great universities, like Laurentian University, Cambrian College and Collège Boréal.

Moreover, Nickel City is always looking for ways to make its infrastructure better. This includes things like road expansion projects, downtown development, and upgrades to utilities. These factors can have a positive impact on real estate since they can help boost property values in the long run.

• Nickel City: Rich industrial history & striking scenic beauty

The Nickel City is a destination that never fails to surprise and impress visitors with its outdoor and indoor attractions. 

Surrounded by breathtaking natural beauty, Sudbury features plenty of lakes, forests and parks to enjoy the great outdoors. Both residents and visitors have access to amazing outdoor activities such as hiking, biking, fishing and boating, allowing them to enjoy an active and healthy lifestyle. Ramsey Lake, located in the center of the city, is a popular destination for water activities!

Sudbury also has a thriving arts and cultural scene. To name a few sites, the Sudbury Theatre Centre presents high-quality theatrical productions, while the Science North Arts Centre offers interactive exhibits that combine science and fun for all ages. Additionally, the city hosts a variety of festivals and events throughout the year such as the Sudbury International Film Festival, and the Ribfest Festival, among others. This allows residents and visitors to enjoy a wealth of entertainment!

Is Airbnb Profitable in the City of Greater Sudbury?

Sudbury is an ideal location for those seeking to invest in an Airbnb property, as the city offers a range of attractive business opportunities, as well as a potential for a good return on investment.

Let’s take a look at a general overview of Sudbury Airbnb Market – Airbtics’ free Airbnb calculator indicates that an Airbnb host in Sudbury, Ontario can expect to generate up to C$37,259 in revenue for managing a 3-bedroom property, with an occupancy rate of 71%.