• London, Ontario’s growing economy, strategic location and relatively budget-friendly real estate market, have helped Airbnb hosts to generate a steady income stream by operating rental properties.
• With the help of the Airbtics Tool, we’ve identified the top 8 neighborhoods in London, Ontario that offer enticing real estate investment opportunities. As a plus, we also mention crucial Airbnb metrics and recommendations of property types.

Discover Where to Invest in London, Ontario: Top Areas and Key Insights for Investors

Situated in southwestern Ontario along the confluence of the Thames River, London is a city known for its warm and welcoming atmosphere. Nicknamed the Forest City, London is recognized for its beautiful green spaces, parks and natural areas but also for its modern and vibrant environment. London has a little bit of everything! 

While London is particularly appealing to nature enthusiasts because of its beautiful natural spaces, it has also become a magnet for investors. This is mainly thanks to its thriving economy, stable real estate market, and growing rental market. In fact, London, Ontario is ranked among the top Airbnb cities in Canada to invest in.

Are you wondering where to invest in rental properties in London, Ontario? Then you should keep reading this article because we unveil the prime areas for buy-to-let investments in London. Furthermore, we also added some key reasons that property investors should know about the city before investing in the real estate market.

Main Reasons to Purchase an Investment Property in London, ON

London has become a thriving modern community that is drawing the attention of people who are looking for a place to live, study, work, or invest in. If you’re considering owning an income property that generates good annual earnings and are interested in London, Ontario, then you’re targeting the right market. But first things first: Let’s find out some of the advantages of investing in rental units in London, Ontario.

Go ahead and check out some reasons why investing in the London, ON housing market is a great idea:

• Real estate market: Diverse and relatively affordable

London, Ontario has shown consistent stability and growth in the real estate market. Over the years, there has been a gradual increase in property prices, however, the city is still affordable compared to other parts of southern Ontario like Toronto and Hamilton. Currently, the average house price in London, ON is C$663,663. 

In addition, there’s a steady population growth in London thanks to its growing economy and renowned educational institutions like the University of Western Ontario and Fanshawe College. This creates a consistent demand for rental housing, especially for student housing. Hence, this guarantees a positive income stream and the potential for attractive returns.

• Thriving economy

While London suffered an economic crisis in 2009, in recent years, it has been experiencing positive economic growth. With a diversified and thriving economy, driven by sectors such as manufacturing, technology & IT, research, healthcare and financial services, the city offers a wide range of job opportunities. Moreover, it’s home to large companies such as Brose, Hyundai, and Sodecia, among others.

Thanks to the factors mentioned above, the city has a relatively low unemployment rate and provides an adequate environment for growth and stability. 

• Excellent living conditions

With a friendly and diverse community where it’s easy to make connections and feel at home as well as a wide variety of amenities & services, London is a city that provides an excellent quality of life and a reliable transportation system. There are plenty of restaurants, stores, theaters, art galleries and a shopping mall, which makes the city an attractive place to live or visit.

London owns a strategic location since it’s near major urban centers like Toronto and Detroit. This opens the doors to enjoying and taking advantage of the benefits of living in a smaller city while having access to the amenities and opportunities offered by nearby metropolitan areas.

Moreover, London is also known for its excellent educational institutions that offer quality academic programs and research opportunities. For this reason, London has become an attractive place for students and scholars.

•  There’s something for everyone in the Forest City 

When we say that London, ON has it all, we are not lying! The city is home to a wide array of recreational facilities and green spaces. There are over 490 parks and around 330km of walking and outdoor sports trails. This is truly a paradise for nature lovers as they can easily engage in activities like camping, hiking, kayaking, cycling and more!

On the other hand, the city is also recognized for its historical background and cultural heritage. London is home to the Museum of London and the Museum of Western Ontario Archaeology, which are popular places if you want to learn about local history and indigenous culture. Moreover, the city hosts plenty of festivals and cultural events throughout the year. So, there’s no room for boredom because you’ll always find something to do in the Forest City!

Is Airbnb Profitable in London, ON?

If you’re looking to invest in a property in London, Ontario, you can rest easy knowing that the city can provide you with attractive Airbnb business opportunities and a great return on your investment. As a matter of fact, London is one of the best places to Airbnb in Ontario!

Let’s have a closer look at London’s STR market – According to Airbtics’ free Airbnb income calculator an Airbnb host can earn up to C$26,335 with a median occupancy rate of 64% for managing a 2-bedroom apartment in London, ON.