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Airbnb Investment All About Airbnb

Best Places to Airbnb in Quebec: A Guide to Real Estate Investment near Montreal

 best places to airbnb in Quebec

Key Takeaways

• The stable economy, thriving labor market, and great quality of life in Montreal and surrounding areas have helped many Airbnb hosts to earn a good rental income. 

• Discover why investing in rental properties in Montreal, Quebec, and nearby cities can become a financially rewarding experience.

• We reveal the most lucrative neighborhoods and nearby cities in Montreal along with their recommended property types, gross rental yields, and annual revenue. 

Introduction

In the eastern region of Canada lies its largest province, Quebec, a fascinating destination with a unique history and interesting culture. This province has a lot to offer to visitors, from a wide variety of top-tier museums, galleries, and restaurants to natural attractions.

Quebec has some of the most fascinating cities in the country, such as the cosmopolitan city of Montreal. Best known as the “City of Saints,” Montreal is considered one of Canada’s leading tourist destinations thanks to its art, music, and exquisite dining scene.

Canada is the top short-term rental market in North America, and this can be further confirmed by checking the Airbnb statistics by city. Thus, most of its cities are certainly attractive for Airbnb investments such as Montreal.

If you’re thinking of starting an Airbnb business in Montreal, you may be wondering which is the most profitable location for investment, right? We got you!

Here we feature the best places to Airbnb in Montreal, Quebec and nearby cities. You will also discover some of the perks of owning Airbnb investment properties in the city. Continue reading to learn more!

Perks of buying an investment property in Montreal, Quebec

Owning an investment property in Montreal or nearby cities located in Quebec will allow real estate investors to generate a nice passive income and ultimately let them achieve the desired financial freedom.

Montreal and some cities in Quebec offer profitable opportunities for real estate investors. But you may still be wondering the reason why investment properties may be profitable in this city. Check out some of the major benefits that Montreal offers:

  • Healthy and diversified economy

As Quebec’s most prosperous city, Montreal enjoys a flourishing and diversified economy with a thriving labor market. The city experiences huge economic growth thanks to the development of sectors like sciences and medical technologies, aerospace and telecommunications. Moreover, Montreal is also regarded as the world leader in digital creativity

Montreal is a fast-growing metropolitan area and many people looking for new opportunities are also considering relocating to this city. Thanks to this, there’s also a strong demand for rental properties.

  • Reasonable housing market prices

It’s always a good strategy to search for locations where the housing market price is low if you’re looking to invest in real estate. While most Canadian cities’ real estate markets have experienced a noticeable rise, there are still a few of them that can be considered fairly affordable.  

Among the Canadian markets with reasonable housing values. The average property price is C$535K, which is almost half the median value of the housing market in cities like Toronto and Vancouver.

  • High quality of life 

If you’re looking to have access to high-quality amenities and career opportunities, then Montreal certainly is for you. The city enjoys sustainable growth with a reasonable living cost, an affordable public transportation system, great education institutes and a rich cultural and social life.

Montreal is also the safest city in North America, so you can enjoy a walk with total peace of mind while exploring its public places at any time of the day and night.

  • Top-tier tourist destination

Montreal offers a wide variety of recreational activities and a world-class cultural scene that attracts a great number of visitors annually. This avant-garde and multicultural city is home to impressive monuments with great architectural value as well as many urban parks. 

On the other hand, if you’re looking for natural attractions located close to Montreal, you can take a short trip to visit some of the best natural parks and ski resorts such as the Parc du Mont-Tremblant, Parc de Plaisance, Parc d’Oka, among others.

Moreover, as a cultural city, Montreal also hosts many renowned festivals like the Just for Laughs Comedy Festival, Fantasia Film Festival and Montreal International Jazz Festival. So you will never run out of things to do in Montreal! 

Is Airbnb Profitable in Montreal?

Don’t worry! Airbtics assures you that owning rental properties around Montreal is indeed a profitable investment. It’s also a good idea to read the Airbnb regulations in Montreal to avoid breaking the rules.

But if you’re still having doubts about purchasing an investment property, you can always start doing rental arbitrage in Montreal,  which is a legal way of earning passive income with minimal capital!

Montreal certainly is a profitable city with interesting investment opportunities, albeit real estate investors should also consider other factors like the property type and location to generate good profitability.

Based on Airbtics’ data, an average Airbnb host can earn up to C$49,106 with a median occupancy rate of 75% for managing a 2-bedroom property in Montreal. With over 4,788 Airbnb listings, Montreal surely is a catch for investors!

best places to airbnb in Quebec

Top 10 Areas to Invest in Rental Properties near Montreal, Quebec

Montreal is the second most populous city in Canada and has 19 designated boroughs. If we consider the whole of Quebec Province, it has around 1,218 municipalities. Thus, it’s understandable if you’re having a hard time choosing the right location for your rental property in Montreal or nearby cities

We’ll lend you a hand! The best neighborhoods and nearby cities in Montreal, Quebec are featured below so make sure to check them out:

1. Notre-Dame-de-Grâce, Montreal
  • Total Number of Airbnb Listings: 175
  • Best bedroom size: 3 bedrooms
  • Median property price (3 bedrooms): C$310,000
  • Airbnb Annual revenue: C$48,044
  • Gross rental yield: 15.50%
2. La Petite-Patrie, Montreal
  • Total Number of Airbnb Listings: 184
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): C$389,000
  • Airbnb Annual revenue: C$60,060
  • Gross rental yield: 15.44%
3. Shaughnessy Village, Montreal
  • Total Number of Airbnb Listings: 171
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): C$225,000
  • Airbnb Annual revenue: C$33,834
  • Gross rental yield: 15.04%
4. Villeray, Montreal
  • Total Number of Airbnb Listings: 82
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): C$304,900
  • Airbnb Annual revenue: C$33,545
  • Gross rental yield: 11%
5. Pointe-Saint-Charles, Montreal
  • Total Number of Airbnb Listings: 52
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): C$339,000
  • Airbnb Annual revenue: C$34,916
  • Gross rental yield: 10.30%
6. Longueuil, QC
  • Distance from Montreal: 18 miles 
  • Total Number of Airbnb Listings: 219
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): C$249,000
  • Airbnb Annual revenue: C$36,330
  • Gross rental yield: 15.59%
7. Laval, QC
  • Distance from Montreal: 34 miles
  • Total Number of Airbnb Listings: 241
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): C$327,000
  • Airbnb Annual revenue: C$34,356
  • Gross rental yield: 10.51%
8. Mont-Tremblant, QC
  • Distance from Montreal: 131 miles 
  • Total Number of Airbnb Listings: 857
  • Best bedroom size: 2 bedrooms
  • Median property price (2 bedrooms): C$469,000
  • Airbnb Annual revenue: C$59,842
  • Gross rental yield: 12.76%
9. Sherbrooke, QC
  • Distance from Montreal: 156 miles 
  • Total Number of Airbnb Listings: 126
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): C$175,000
  • Airbnb Annual revenue: C$24,781
  • Gross rental yield: 14.16%
10. Quebec City, QC
  • Distance from Montreal: 255 miles 
  • Total Number of Airbnb Listings: 973
  • Best bedroom size: 1 bedroom
  • Median property price (1 bedroom): C$184,900
  • Airbnb Annual revenue: C$40,503
  • Gross rental yield: 21.91%

Conclusion

In summary, Montreal and the nearby cities mentioned are profitable areas for investment properties because they offer good rental yields, annual revenue and occupancy rates. For this reason, real estate investors can get interesting investment opportunities if they’re aiming for cities located in Quebec Province. 

While knowing the top places to Airbnb around Quebec is the best way to start your investment journey, you should aim to go further. We recommend you take advantage of the digital era by making use of analytics tools like our free Airbnb calculator. Stand out among your competitors while boosting your profitability! 

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Airbnb Investment All About Airbnb

Discovering Profitability for Airbnb Property Investment in Montreal

airbnb property investment Montreal

Best known as the capital of French Canada and also as the second largest city in the country, Montreal surely catches the attention with its chic vibes and lively atmosphere. It’s a cosmopolitan city, pretty dynamic and multicultural that is surrounded by skyscrapers as well as buildings with the architecture of the XVII century. 

Montreal has everything to offer, so it’s understandable that this city captivates investors. However, before deciding to purchase a property, it’s certainly important to consider the major costs as well as revenue. Let’s not forget to consider the STR regulations in Montreal in order to operate an STR business without worrying about breaching the laws.

According to Wowa’s housing market report, the average selling price for properties in Montreal is C$560K.

airbnb property investment Montreal

.

“Montreal is announced as the second largest city of Canada.
It is regarded as one of the most affordable places to invest revenue in real estate. The town even caters to that revenue by offering ample opportunities to generate the same.”

Precondo

Airbnb occupancy rates by city state that an average host in Montreal can earn up to C$1,813 during the peak seasons of August – September. With over 6,046 Airbnb listings in Montreal, 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 in Montreal.

This includes the best website recommendations for property investment in Montreal, 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? Then you should continue reading!

Pros of Buying An Airbnb Property in Montreal, Canada

We already know that the chic city of Montreal is widely known for its festivals, culture, history, and gastronomy, So what else is there to know about Montreal? Here are some of the major reasons why you should start  buying a property for Airbnb in this city:

1. Affordable real estate market

Investors will certainly end up being captivated by Montreal’s affordable housing values as its real estate market prices are lower than the majority of big cities in Canada, such as Vancouver or Toronto. In addition, investors can search for different types of properties like townhouses, apartments, or duplexes in popular neighborhoods at an affordable cost.

2. Lively city with many festivals

Montreal is widely known for being a multicultural city with vibrant arts scenes and for this, it hosts many major festivals annually, so many visitors arrive in the city each year. Whether there’s a family visiting the city or a group of friends, there will always be an event to suit their tastes. In addition to this, we should also mention that Montreal welcomes around 8M visitors each year and this amount increases year by year!

3. Low cost of living

Don’t let Montreal’s cosmopolitan atmosphere scare you because this city has a fairly low cost of living! Such as groceries, bills and transportation costs are quite low compared to other major cities.

Cons of Buying A Property in Montreal

Since we discovered the pros of investing in Montreal, let’s discuss some of the cons so you can know what to expect when living in this city. It’s always better to look at the two sides of each coin in order to properly set your expectations.

1. High Taxes

While Montreal’s cost of living is low, the same doesn’t apply to taxes since they are higher than in other cities outside Quebec. However, although taxes are higher, the residents in Montreal enjoy more state benefits!

2. Beware of the weather

Not everything can be rosy and that applies in Montreal’s weather conditions as it can get really cold during winter months with temperatures dropping below zero. In addition to this, rain and are pretty common during winter months as well.

airbnb property investment Montreal

Is Property Investment Profitable in Montreal?

Don’t worry because Airbnb investments in Montreal are quite profitable since it’s one of the top markets to invest in real estate in Canada.

Using an Airbnb profit calculator, it was discovered that a 2-bedroom apartment in Montreal can generate an annual revenue of C$59,045 with a steady occupancy rate of 76% and a nightly rate of C$188.

airbnb property investment Montreal

airbnb property investment Montreal

Property for Sale in Montreal, Canada

Finding the best properties that have the potential to produce high yields and capital growth are certainly some of the preferences of major investors. You can find cheap houses and flats for sale in Montreal’s popular neighborhoods such as Hampstead, Outremont and Griffintown. However, it’s always best to ask for assistance from real estate agents to access exclusive and unique properties during the development stage. 

Here are some of the modern houses for sale in Montreal, along with the calculated gross rental yield, cash-on-cash return, and annual revenue.

airbnb property investment Montreal
airbnb property investment Montreal

Eskin Street, Keswick CA12

1. Studio-type Property for Sale Montreal
  • 1 mile to Nichol End (Derwentwater) Ferry Landing
  • Asking Price: C$85,000
GROSS RENTAL YIELD 23.52%
ANNUAL REVENUE C$19,991
CASH ON CASH RETURN 44.79%
airbnb property investment Montreal
airbnb property investment Montreal

4501 Rue Paré, Rawdon, QC J0K1S0, CA

2. 1-Bedroom Property for Sale Montreal
  • Near Ecole secondaire des Chutes
  • Asking Price: C$81.447
GROSS RENTAL YIELD 25.07%
ANNUAL REVENUE C$20,422
CASH ON CASH RETURN 49.45%
airbnb property investment Montreal
2-Bedroom Montreal

 6385 Mtée Ryan #210, Mont-Tremblant,

3. 2-Bedroom Property for Sale Montreal
  • Minutes from Tremblant’s ski resort
  • Asking Price: C$186,804
GROSS RENTAL YIELD 15.33%
ANNUAL REVENUE C$28,638
CASH ON CASH RETURN 20.22%
3-Bedroom Montreal
3-Bedroom Montreal

  1020 Rue de Liverpool, Laval (Fabreville)

4. 3-Bedroom Property for Sale Montreal
  •  Near Middle School Citoyen
  • Asking Price: C$260,779
GROSS RENTAL YIELD 14.24%
ANNUAL REVENUE C$37,145
CASH ON CASH RETURN 16.96%
4-Bedroom Montreal

381 Route MacDonald, Acton Vale

5. 4-Bedroom Property for Sale Montreal
  • Near Polyvalente Robert Ouimet
  • Asking Price: C$245,834
GROSS RENTAL YIELD 26.91%
ANNUAL REVENUE C$66,143
CASH ON CASH RETURN 54.95%

Conclusion

It’s always best to conduct a market research before Investing in a property to know if it’s worth investing your money in a city of your preference. Montreal can be a dream city if we leave behind the weather conditions and high taxes, but it can generate a nice cash flow for property investors as long as the right neighborhood is targeted and the potential revenue is calculated using an Airbnb rental arbitrage calculator. Moreover, it’s definitely worth the time & effort to invest and speak with a short-term rental expert to make the wisest decision for property investment that you won’t regret.

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Airbnb Rental Arbitrage All About Airbnb

Airbnb Rental Arbitrage in Montreal

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 Montreal, 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 Montreal, Samuel manages 73 listings and I’m pretty sure he doesn’t own all the properties. He made C$1,388,440 in the last 12 months.  

Montreal airbnb rental arbitrage Montreal airbnb rental arbitrage

How much can I make with rental arbitrage in Montreal?

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 Rosemont-Petite Patrie, located in the H2G district with plenty of entertainment & business establishments. 

Since this neighborhood is situated in the centre-east of the city and it’s considered of of the most attractive neighborhoods here, it’s mostly preferred by young professionals and small families & has incredible rental demand!

Montreal airbnb rental arbitrage
Profit & Monthly Expense in Montreal

Based on Airbtics’ data, you can earn a whopping C$3,741 per month for a 3-bedroom apartment in Rosemont-Petite Patrie alone. With the data provided, you can certainly tell that investing in a property in Montreal is profitable!

Average Rent Price Airbnb Monthly Revenue Monthly Expense Monthly Profit
C$1,564 C$3,741 C$748 C$1,429

Source: Airbtics dashboard

The monthly profit can be calculated by subtracting the Airbnb monthly revenue, the rental price and the monthly expenses (C$3,741-C$1,564-C$748 = C$1,429).

 Startup Cost in Montreal

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$5,128 4 months

The average estimated startup cost (for furnishing) in Montreal is around C$2,000. To compute the total startup cost, it is necessary to add the 2 months of average rent price (C$3,128). Now that we have a total startup cost of C$5,128, cash return time can be calculated by dividing this by the monthly profit (C$1,429). 

Given your monthly revenue of C$1,429, it will take approximately 4 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 Montreal!

Best Areas for Rental Arbitrage in Montreal

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

1. Rosemont-Petite Patrie (H2G)

Rosemont-Petite Patrie is becoming an alternative to investors because of its underpriced amenities. The majority of small families and young professionals generally prefer this borough because of its quiet and peaceful environment. 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$1,032 C$2,068 91% C$114
2-bedrooms C$1,292 C$2,921 94% C$176
3-bedrooms C$1,564 C$3,741 89% C$298

This area has a total of 343 Airbnb listings with 250 entire home properties and 186 one-bedroom properties in this area. The monthly revenue for most properties in Rosemont-Petite Patrie is more than C$1,795 per month with occupancy being more than 77%.

2. Downtown Montreal (H3G)

This area has plenty to offer to property investors: from shopping centres, tourist attractions, 3 well-known universities, and a pair of major sports stadiums! 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$1,461 C$2,225 84% C$144
2-bedrooms C$1,965 C$3,137 77% C$203
3-bedrooms C$2,550 C$4,019 68% C$285

According to our Airbtics Dashboard, there are more than 702 Airbnb listings with 442 entire home properties and 332 one-bedroom properties in this area. The monthly revenue for most properties in Downtown Montreal is more than C$2,109 per month with occupancy being more than 63%.

3. The Old Port (Vieux-Montreal) (H2Y)

This neighborhood is a commercial real estate with plenty of rental opportunities. 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$1,725 C$2,971 92% C$259
2-bedrooms C$2,105 C$4,662 77% C$378
3-bedrooms C$2,395 C$5,396 77% C$395

This area has a total of 21 Airbnb listings with 7 one-bedroom properties and 4 two-bedroom properties. The monthly revenue for most properties in The Old Port is more than C$2,995 per month with occupancy being more than 74%.

how much can you make on airbnb

Short-term rental regulations in Montreal

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

  • To rent accommodations to tourists in Montréal for 31 days or fewer, you need an establishment number and a classification certificate issued by the Corporation de l’Industrie Touristique du Québec.
  • It is required to put your establishment number on any advertisement to rent your space, whether online or offline.
  • Contact your permits counter to find out if your home is in an authorized area. A commercial or professional activity occupancy permit can then be issued.
  • If you are renting out your primary residence, you are not required to get a certificate of classification, unless you wish to do so. Nevertheless, other restrictions may apply depending on your municipalities regulations.
  • In Montreal, short-term tourist rentals are regulated by boroughs. You will need to find out if you are authorized to operate a tourist home in your borough and what the regulations are based on the city’s webpage.

Rental Properties in Montreal

Since Montreal has plenty of foreign students, business professionals, and international immigrants in the city, there is a relatively strong rental demand for rentals.

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

1.Rentals
RA Montreal
2. Centris
RA Montreal

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
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Airbnb Rules All About Airbnb

Airbnb Rules in Montreal

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 metrics like the occupancy rates in Canada and the most profitable places to own Airbnb in order to have successful investment & long-term profitability!

In this article, we featured Airbnb regulations in Montreal 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 Montreal.

Is Airbnb legal in Montreal

Don’t worry, Airbnb is legal in Montreal! This city is home to many spectacular festivals and is considered a major industrial centre.

Here is a little proof! As of August 2022, there are 83,618 nights available in Montreal from Airbnb alone. Samuel manages 73 listings, while Louis and Corporate Stays operates 56  and 51 respectively. 

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

Currently, there are 5,853 Airbnb listings in Montreal, with 62% of entire houses earning up to C$3,473 a month. The Average Occupancy Rate in Montreal is 57% and the average daily rate is C$170. According to short-term rental market data source Airbtics, a 2-bedroom apartment in Montreal can make up to C$52,078 each year. Check out our Airbnb Calculator to know how much profit can you make while doing short-term rentals!

Montreal airbnb rules
Short-term Rental Policy in Montreal
  • To rent accommodations to tourists in Montréal for 31 days or fewer, you need an establishment number and a classification certificate issued by the Corporation de l’Industrie Touristique du Québec.
  • It is required to put your establishment number on any advertisement to rent your space, whether online or offline.
  • Contact your permits counter to find out if your home is in an authorized area. A commercial or professional activity occupancy permit can then be issued.
  • If you are renting out your primary residence, you are not required to get a certificate of classification, unless you wish to do so. Nevertheless, other restrictions may apply depending on your municipalities regulations.
  • In Montreal, short-term tourist rentals are regulated by boroughs. You will need to find out if you are authorized to operate a tourist home in your borough and what the regulations are based on the city’s webpage.
how much can you make on airbnb

Rental Demand in Montreal

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 Montreal rent report, the average rent price has been a bit lower by $22 after 5 months of being stable this August of 2022.

Montreal airbnb rules

Source: Montreal Rental Demand

Rental Properties in Montreal

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 Montreal, 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
Griffintown C$298,000 C$1,400 C$2,026
The Old Port (Vieux-Montreal) C$576,760 C$1,725 C$2,405
Rosemont-Petite Patrie C$699,000 C$1,032 C$2,065

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
Airbnb Data
Airbnb Data

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