Tag: lat_43.2560802

Investing in Property for Sale: How to Buy A Profitable Lakefront Property for Airbnb in Hamilton

Post author By Robyn Peña
Post date November 29, 2022

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:

Disclaimer: The properties featured in this article are indicated as examples and there is a possibility that they have already been sold and removed from the website's listings.

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.

Tags Airbnb Investments, lat_43.2560802, lng_-79.8728583

Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Hamilton

Post author By Robyn Peña
Post date August 31, 2022

Are you interested in achieving financial independence through passive income? Here’s a disclaimer: you don’t need to own a property to start the Airbnb rental arbitrage business! In this article, we featured the entire process of Airbnb rental arbitrage in Hamilton, its profitability, along with the best areas and neighborhoods. Continue reading to learn more about short-term regulations and ways to convince landlords to sublet properties for rental arbitrage!

What is Rental Arbitrage?

Rental Arbitrage is a way to start an Airbnb business with no money. By convincing landlords to lease you a property, you can furnish and sublease it on Airbnb and VRBO. No need for you to buy a property!

It is perfectly legal and is a proven scalable business model. In my podcast, I have spoken to various entrepreneurs doing Airbnb arbitrage full-time.

Here’s a proof! In Hamilton, Adam and Mary manages 16 listings and I’m pretty sure that they don’t own all the properties. They made C$205,741 in the last 12 months.

How much can I make with rental arbitrage in Hamilton?

Before you dive in and start putting out your hard-earned money on a property, it’s important to know how much profit you can make. For instance, the best neighborhood to invest in is Strathcona, located in the V9H district, with serene access to the harbourfront.

Because Hamilton is home to the historic bruce trail and botanical gardens among the other tourist destinations, the rental demand in this area continuously increases!

Profit & Monthly Expense in Hamilton

Based on Airbtics’ data, you can earn a whopping C$6,622 per month for a 3-bedroom apartment in Strathcona alone. With the data provided, you can certainly tell that investing in a property in Hamilton is profitable!

Average Rent Price	Airbnb Monthly Revenue	Monthly Expense	Monthly Profit
C$2,600	C$6,622	C$1,324	C$2,698

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$6,622-C$2,600-C$1,324= C$2,698).

Startup Cost in Hamilton

Now that you have an overview of how much your monthly expense and revenue is, let’s talk about the start-up cost! How long does it take for an investor like you to get back the startup cost? Let’s take a look at this calculation:

Total Startup Cost (Average startup cost + 2 months rent price)	Cash Return Time
C$7,200	3 months

The average estimated startup cost (for furnishing) in Hamilton is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$5,200). Now that we have a total startup cost of C$7,200, cash return time can be calculated by dividing this by the monthly profit (C$2,698).

Given your monthly revenue of C$2,698, it will take approximately 3 months time to get back the startup cost! In such a short period of time, you can already expect profit and consider starting your second unit for rental arbitrage. If this sounds promising to you, then go ahead and look at the other best areas for rental arbitrage in Hamilton!

Best Areas for Rental Arbitrage in Hamilton

Before investing in a particular area in Hamilton, you have to take a look at the top markets and number of listings to set your expectations towards success. Check out the top 3 boroughs in Hamilton ranked by their annual revenue, along with their occupancy & daily rates!

1. Strathcona (V8E)

Strathcona has a community full of affordable properties & it is one of the increasingly popular house markets in Hamilton. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,695	C$2,359	78%	C$111
2-bedrooms	C$1,900	C$3,019	69%	C$98
3-bedrooms	C$2,600	C$6,622	85%	C$246

According to our Airbtics Dashboard, there are more than 15 Airbnb listings with 7 private room properties and 7 one-bedroom properties in this area. The monthly revenue for most properties in Strathcona is more than C$2,372 per month with occupancy being more than 74%.

2. Crown Point West (L8L)

This lively neighborhood among Hamilton has the most selling properties! This is remarkably known for having a relaxed ambiance with green spaces nearby. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
Studio	C$1,325	C$2,505	98%	C$96
1-bedroom	C$1,599	C$2,235	83%	C$113
2-bedrooms	C$1,795	C$2,665	76%	C$138

This area has a total of 15 Airbnb listings with 3 private room properties and 5 one-bedroom properties. The monthly revenue for most properties in Crown Point West is more than C$3,022 per month with occupancy being more than 71%.

3. Durand (L8P)

Considered one of the oldest neighborhoods in Hamilton, Durand has the finest residential architecture which most tourists enjoy. Here’s what you can expect in this neighborhood:

Type of Bedrooms	Average Rent Price (pcm)	Average Airbnb Revenue	Occupancy Rates	Average Daily Rate
1-bedroom	C$1,400	C$2,227	76%	C$132
2-bedrooms	C$1,680	C$2,533	90%	C$133
3-bedrooms	C$1,800	C$4,444	87%	C$325

This area has a total of 43 Airbnb listings with 13 private room properties and 20 one-bedroom properties. The monthly revenue for most properties in Durand is more than C$2,404 per month with occupancy being more than 64%.

Short-term rental regulations in Hamilton

To begin with, it’s certainly important to be familiar with the Airbnb rules in Hamilton to make sure that your business will run smoothly. Here are some of the short-term rental regulations and ordinances to take note of:

It is required for a property owner intending to rent out a space for less than 28 days to get a city licence.
A licence is required for rental housing units and buildings or part of buildings with 4 or less self-contained units, detached homes or townhouses, if rented. The program would require property owners of rental housing to apply for a licence for each rented unit.
A Licensing Compliance Officer will schedule an appointment with the property owner to gain entry to the building for a Property Standards inspection of each unit. Once all inspections are complete, the property is in compliance with municipal by-laws and relevant legislation and the application has been submitted in full a rental housing licence may be issued.

Rental Properties in Hamilton

Hamilton offers a sweet reward of both natural & city vibes to locals, vacationers, and renters. With an average of 6 million visitors annually, Hamilton is certainly one of the perfect spots for those who are looking to invest in rental properties.

To run an Airbnb rental arbitrage in Canada, you can look at property websites and get a grasp of the ranging prices in Hamilton:

1. Rentals CA

2. Realtor CA

How to Find Landlords for Airbnb Rental Arbitrage

Airbnb investment through rental arbitrage is one of the best strategies to have passive income. However, it could be a challenge to find a landlord that allows their property for subletting on Airbnb. You can also convince a landlord by following the rental arbitrage email template & be extra creative!

Here are ways how you can find landlords that allow Airbnb rental arbitrage:

Real Estate Websites

Renters in the digital world who are looking for properties online can easily connect with landlords. Some of the most recommended online real estate websites which allow you to filter by city, state, or ZIP code are:

However, you can also find apartment & condominium properties online in the following websites:

Search Engines & Marketplaces

There are numerous property owners who are leasing their properties and you can easily find them on Google & online marketplaces. Check out some of the most recommended marketplaces:

Craigslist allows renters to specifically state what kind of property they are looking for. You can try typing in ‘landlords allowing Airbnb’ or ‘sublease property in (city name)’ and try other keywords to get you on the right track.
Facebook marketplace has a vast community of landlords & renters, so you can try joining the right groups to lead you on the right path. Here are some of the finest Facebook groups that you can join:

Communicate with Landlords

If you are currently renting a space or know someone who is, then it’s also recommended to speak with them. Start by asking if there are vacant rooms or properties and let them know about your intentions of putting them up for rental arbitrage. They might also be able to recommend neighbors or local friends who are also interested in this idea!

Tags Airbnb Rental Arbitrage, lat_43.2560802, lng_-79.8728583

Airbnb Rules All About Airbnb

Airbnb Rules in Hamilton

Post author By Robyn Peña
Post date August 31, 2022

If you are looking to buy investment properties in Canada, knowing the Airbnb rules in your preferred city is the first step. It’s also important to consider other key factors like the occupancy rates in Canada as well as researching the high rental income areas in order to have successful investment & long-term profitability!

In this article, we featured Airbnb regulations in Hamilton along with short-term let policies, rental properties, things to consider in property investment, and more. Continue reading and learn more about the Airbnb rules in Hamilton.

Is Airbnb legal in Hamilton?

Don’t worry, Airbnb is legal in Hamilton! With this city’s unique art scene and incredible nature trails, Hamilton is an instant magnet to tourists from all over the world.

Here is a little proof! As of July 2022, there are 10,584 nights available in Hamilton from Airbnb alone. Simply Comfort manages 55 listings, while Adam And Mary and Lori operates 16 and 9 respectively.

How much can I make by running an Airbnb in Hamilton?

Currently, there are 620 Airbnb listings in Hamilton, with 63% of entire houses earning up to C$2,507 a month. The Average Occupancy Rate in Hamilton is 67% and the average daily rate is C$94. According to vacation holiday rental data source Airbtics, a 2-bedroom apartment in Hamilton can make up to C$31,799 each year. Check out our Airbnb Calculator to know how much profit you can make!

Short-term Rental Policy in Hamilton

It is required for a property owner intending to rent out a space for less than 28 days to get a city licence.
A licence is required for rental housing units and buildings or part of buildings with 4 or less self-contained units, detached homes or townhouses, if rented. The program would require property owners of rental housing to apply for a licence for each rented unit.
A Licensing Compliance Officer will schedule an appointment with the property owner to gain entry to the building for a Property Standards inspection of each unit. Once all inspections are complete, the property is in compliance with municipal by-laws and relevant legislation and the application has been submitted in full a rental housing licence may be issued.

Rental Demand in Hamilton

There are many hosts who are doing rental arbitrage in Canada as it does not require you to own a property. Based on a recent rental housing inventory in Hamilton, 46% of the renters are living in unaffordable housing. However, despite this fact, the rental demand in Hamilton is still increasing!

Source: Hamilton Rental Demand

Property Investment in Hamilton

If you are looking to start an Airbnb business in Canada, particularly in Hamilton, you have to consider which areas are the most profitable. Whether it is located in the city centre or in the countryside, knowing your estimated annual revenue and high-return investment opportunities is important. Using an accurate short-term rental calculator, it shouldn’t be a difficult task at all!

Rental Properties in Hamilton

Once you have decided to buy a property, you have to consider the average price, population, nearby landmarks or attractions, and rental yields to expect – among the rest. It could be a challenge to find rented properties in Hamilton, so here are some of the most recommended areas that you can look into & consider purchasing:

Area	Average House Price	Average Rent Price (pcm)	Average Airbnb Revenue
Strathcona	C$706,684	C$1,900	C$3,019
Crown Point West	C$699,000	C$1,795	C$2,665
Durand	C$744,187	C$1,680	C$2,533