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Tag: lat_50.1171903

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Airbnb Investment All About Airbnb

Investing in Property for Sale: How to Buy Profitable Mountain & Hillside Properties in Whistler for Airbnb

airbnb property for sale Whistler

airbnb property for sale Whistler

Whistler means winter! Most commonly known as a year-round favorite destination during the winter in Canada, Whistler City attracts numerous travelers across the globe to have an ultimate lifetime winter experience.

However, before deciding to purchase a property in Whistler, it’s certainly important to consider the major costs and revenue. While rental arbitrage in Whistler is fairly popular and does not require you to purchase a property, it’s still recommended to learn about buying a property for Airbnb in the future and making sure that it’s profitable. 

At the same time, it’s also essential to consider the Airbnb rules in Whistler in order to operate an STR business without worrying about breaching the laws.

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“In Whistler, there is plenty of demand for affordable housing. 
Historically there has been a lack of rental housing for the locals and this has resulted in rising rental rates as locals are willing to pay more and more for suitable long-term housing.”

– Lifty Life on Buying a Property in Whistler

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 Whistler, 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 Whistler City Center?

Using a short-term rental profit estimator, it was discovered that a 2-bedroom property in Whistler City Center can generate an annual revenue of C$106,535 with a steady occupancy rate of 78% and a nightly rate of C$364.

airbnb property for sale Whistler

airbnb property for sale Whistler

Houses & Properties for Sale in Whistler

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 profitable properties in Whistler City Center along with the calculated gross rental yield, cash-on-cash return, and annual revenue:

airbnb property for sale Whistler
airbnb property for sale Whistler

8 5294 SELMA PARK ROAD Sechelt, British Columbia V7C0C2

1. Studio-type Property for Sale in Whistler
  • Near Selma Park
  • Asking Price: C$69,000
GROSS RENTAL YIELD 26.41%
ANNUAL REVENUE C$18,220
CASH ON CASH RETURN 53.45%
airbnb property for sale Whistler
airbnb property for sale Whistler

205 791 Marine Dr, Port Alice, British Columbia V0N2N0

2. 1-Bedroom Property for Sale in Whistler
  • Located at Misty Manor in the quaint Village of Port Alice
  • Asking Price: C$82,500
GROSS RENTAL YIELD 26.91%
ANNUAL REVENUE C$22,199
CASH ON CASH RETURN 54.96%
airbnb property for sale Whistler
airbnb property for sale Whistler

502/501 A 366 Clubhouse Dr Courtenay, British Columbia V9N9G3

3. 2-Bedroom Property for Sale in Whistler
  • 5 min drive from the Comox airport
  • Asking Price: C$119,900
GROSS RENTAL YIELD 24.50%
ANNUAL REVENUE C$29,371
CASH ON CASH RETURN 47.72%
3-Bedroom Whistler
3-Bedroom Whistler

1 1180 Edgett Rd Courtenay, British Columbia V9N6C7

4. 3-Bedroom Property for Sale in Whistler
  • Located on one of BC’s finest golf courses, close to the ski hill, world-class mountain biking and a 5 min drive from the Comox airport
  • Asking Price: C$169,000
GROSS RENTAL YIELD 23.54%
ANNUAL REVENUE C$39,787
CASH ON CASH RETURN 44.86%
4-Bedroom Whistler
4-Bedroom Whistler

25 7100 Highview Rd, Port Hardy, British Columbia V0N2P0

5. 4-Bedroom Property for Sale in Whistler
  • Located at Highview Estates Trailer Park in Port Hardy
  • Asking Price: C$180,000
GROSS RENTAL YIELD 23.74%
ANNUAL REVENUE C$42,731
CASH ON CASH RETURN 45.45%

LOOKING FOR MORE PROFITABLE CITIES TO INVEST IN CANADA?

Make sure to analyze the Airbnb rental data in the most recommended cities for Airbnb investments in Canada!

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 Whistler 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.

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Airbnb investment guide running springs

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Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Whistler

Whistler airbnb rental arbitrage

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 Whistler, 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 Whistler, Bob manages 51 listings and I’m pretty sure that he doesn’t own all the properties. He made C$3,508,634 in the last 12 months.  

Whistler airbnb rental arbitrage

How much can I make with rental arbitrage in Whislter?

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 Nesters, located in the V8E district, where the majority of schools, shopping, and recreational buildings are situated!

In general, Whistler is one of the best places to put up an Airbnb business because of its authentic alpine village & overwhelming tourists! This neighborhood is mostly preferred by vacationers because they have the option to ski, ziplining, and so many fun outdoor activities. In line with this, the rental demand in this area continuously increases!

Whistler airbnb rental arbitrage
Profit & Monthly Expense in Whistler

Based on Airbtics’ data, you can earn a whopping C$13,188 per month for a 3-bedroom apartment in Nesters alone. With the data provided, you can certainly tell that investing in a property in Whistler is profitable!

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
C$3,644 C$13,188 C$2,638 C$6,906

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$13,188-C$3,644-C$2,638= C$6,906).

 Startup Cost in Whistler

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$9,288 1.3 months

The average estimated startup cost (for furnishing) in Whistler is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$7,288). Now that we have a total startup cost of C$9,288, cash return time can be calculated by dividing this by the monthly profit (C$6,906). 

Given your monthly revenue of C$6,906, it will take approximately 1.3 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 Whistler!

Best Areas for Rental Arbitrage in Whistler

Before investing in a particular area in Whistler, 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 Whistler ranked by their annual revenue, along with their occupancy & daily rates!

1. Whistler Creek (V8E)

This neighborhood is a laid-back and is best for targeting travelers with families who would like to be near the most famous ski resort in Whistler. 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$2,200 C$4,364 78% C$252
2-bedrooms C$2,499 C$6,688 79% C$389
3-bedrooms C$3,979 C$10,696 62% C$709

According to our Airbtics Dashboard, there are more than 214 Airbnb listings with 128 condo properties and 132 one-bedroom properties in this area. The monthly revenue for most properties in Whistler Creek is more than C$4,164 per month with occupancy being more than 61%.

2. Blackcomb (V8E)

Blackcomb is the largest ski resort in North America and this neighborhood is noted as one of the must-see areas in Whistler! 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$1,516 C$5,332 74% C$278
2-bedrooms C$1,800 C$8,347 72% C$453
3-bedrooms C$2,675 C$10,764 66% C$665

This area has a total of 321 Airbnb listings with 15 private room properties and 192 one-bedroom properties. The monthly revenue for most properties in Blackcomb is more than C$5,136 per month with occupancy being more than 55%.

3. Nesters (V8E)

Considered as one of the smallest neighborhoods in Whistler, Nesters is also one of the recommended areas for investment because of its close proximity to the shopping districts. 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$2,040 C$6,089 85% C$261
2-bedrooms C$3,009 C$9,884 76% C$443
3-bedrooms C$3,644 C$13,188 85% C$803

This area has a total of 57 Airbnb listings with 1 private room property and 38 one-bedroom properties. The monthly revenue for most properties in Nesters is more than C$5,512 per month with occupancy being more than 66%.

how much can you make on airbnb

Short-term rental regulations in Whistler

To begin with, it’s certainly important to be familiar with the Airbnb rules in Whistler 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 to have business licences for all tourist accommodation activity, including the marketing of properties/units. If your unit is rented solely through a property management company, you are covered by their business licence.
  • To obtain a business licence and market a property as tourist accommodation, the property’s zoning must list tourist accommodation or temporary accommodation as a permitted use. Properties with residential zoning may not be marketed as available to tourists, for any length of time.
  • It is also necessary to give consideration to registered covenants that may affect a property. Development, rental pool and other covenants may place restrictions and obligations on property use.
  • In Whistler, “residential” zoning means a fixed place of living, to which a person intends to return when absent. Therefore, regardless of the length of stay, tourist accommodation is not permitted in any residential-zoned area. To advertise and rent your property to tourists, your property’s zoning must state that tourist accommodation or temporary accommodation is a permitted use.

Rental Properties in Whistler

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

1. Rew
Buy to let Whistler
2. Royal LePage 
Buy to let Whistler

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:

  1. 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:

  1. 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:

  1. 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!

Airbtics
ANALYZE WHISTLER NOW!
Categories
Airbnb Rules All About Airbnb

Airbnb Rules in Whistler

Whistler airbnb rules

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 the occupancy rates in Canada in order to have successful investment & long-term profitability! In this article, we featured Airbnb regulations in Whistler 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 Whistler.

Is Airbnb legal in Whistler? 

Don’t worry, Airbnb is legal in Whistler! This city is home to skiing and snowboarding in the wintertime & mountain biking during the summer – which is perfect for the majority of vacationers. 

Here is a little proof! As of July 2022, there are 20,727 nights available in Whistler from Airbnb alone. Vacasa Canada manages 315 listings, while Whistler Platinum and Blackcomb Peaks operate 96 and 92 respectively. 

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

Currently, there are 1,223 Airbnb listings in Whistler, with 40% of entire houses earning up to C$3,245 a month. The Average Occupancy Rate in Whistler is 51% and the average daily rate is C$225. According to vacation rental properties market data source Airbtics, a 2-bedroom apartment in Whistler can make up to C$84,392 each year. Want to discover how much can you make on Airbnb? Then check out our Airbnb Calculator!

Whistler airbnb rules
Short-term Rental Policy in Whistler
  • It is required to have business licences for all tourist accommodation activity, including the marketing of properties/units. If your unit is rented solely through a property management company, you are covered by their business licence.
  • To obtain a business licence and market a property as tourist accommodation, the property’s zoning must list tourist accommodation or temporary accommodation as a permitted use. Properties with residential zoning may not be marketed as available to tourists, for any length of time.
  • It is also necessary to give consideration to registered covenants that may affect a property. Development, rental pool and other covenants may place restrictions and obligations on property use.
  • In Whistler, “residential” zoning means a fixed place of living, to which a person intends to return when absent. Therefore, regardless of the length of stay, tourist accommodation is not permitted in any residential-zoned area. To advertise and rent your property to tourists, your property’s zoning must state that tourist accommodation or temporary accommodation is a permitted use.
  • The new bylaw establishes new contemporary definitions, operational rules and inspection requirements which must be met before opening.
  • Under the new bylaw, these licences remain the property of the city and are non-transferrable. In addition, any operator who receives three violation notices will have their licence suspended. Anyone caught operating without a licence would be subject to a chargeable offence.
  • The city requires a $65 fee per year for a tourist-home licence. A new annual fee of $500 will be required for a new vacation rental unit or bed and breakfast licence (or change of ownership), and an annual fee of $250 for the renewal of any existing licence.
how much can you make on airbnb

Rental Demand in Whistler

There are many hosts who are doing rental arbitrage in Canada as it does not require you to own a property. Based on the rental demand data in Whistler, rental and leasing have contributed to the largest portion of the area’s GDP at 26.2%.

Whistler airbnb rules

Source: Whistler BC Economic Data

Property Investment in Whistler

If you are looking to start an Airbnb business in Canada, particularly in Whistler, 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 Whistler

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 Whistler, 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
Whistler Creek C$999,050 C$2,200 C$4,164
Blackcomb C$1,928,667 C$1,516 C$5,136
Nesters C$685,000 C$2,040 C$5,537

Conclusion 

In my personal opinion, the biggest advantage of running a short-term rental is high return! I’ve talked to hundreds of Airbnb hosts over the past years and frequently met hosts making 15-30% gross rental yields, and 10-20% net. It’s also fun to do! 

Airbtics
ANALYZE WHISTLER NOW!
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