If you’re looking to use your property as an Airbnb home or a vacation rental by owner (VRBO), it’s important to know which buildings in the city allow for short term rentals in order to make the proper investment decision.
A short term rental is one that occurs for less than 30 days. Most strata bylaws in the city have voted against the use of short term rentals, so it’s important to be sure that if you’re looking to make extra income from your property, that it adheres to the City’s rules and that it’s permitted by your strata corporation. It’s important to be aware that even if your building allows for short term rentals, strata bylaws can be voted on and can change in the future.
Another important note is that the property you are renting out must be your primary residence, meaning that you must live in it for at least half of the year. You can either rent the entire property or a room, but an approval from the strata council is required. In order to supplement your income doing short term rentals, you must apply for a short-term rental business license as well.
In an attempt to make the housing market more affordable for residents of Vancouver, a number of taxes have been set in place in order to try and resupply the market with unused or vacant properties. Listed below are some buildings to consider that are Airbnb friendly. Please note that for every building, the bylaws are subject to change at any given moment, so it is best to do your own research before committing to a property.
Yaletown Airbnb friendly buildings:Search for airbnb listings in Yaletown here: Live Yaletown
Due to its previous industrialized surroundings, Yaletown acquired its name when the Canadian Pacific Railway moved its construction equipment to the area. Though we know it today for its modern surroundings, its history is still embedded within the neighbourhood. One of the focal points to visit in Yaletown is Engine 374 Pavilion and The Roundhouse Turntable Plaza which pays homage to the history of the district. Yaletown Brewing Company is a staple to the area, decorated in a modernized yet rustic style. Lastly, the Vancouver Seawall wraps along the area and is the perfect place to bike or walk along, especially during the summer.
Take a look at available Airbnb listings in Yaletown in one place:
Electra – 989 Nelson Street; Available listings here:
- Built: 1995
- Developer: Prime Tower Ltd.
- Features: gym, billiards lounge and outside patio
Ellison – 1228 Homer Street; Available listings here:
- Built: 1928
- Developer: Holborn Developments
- Features: in-suite laundry, stainless steel appliances and minutes away from False Creek
- Coral Court – 907 Beach Ave
- Built: 1995
- Features: fitness centre, squash courts, indoor pool
The Arc – 87 and 89 Nelson Street
- Built: 2019
- Developer: Concord Pacific
- Features: hardwood floors, high end appliances, spa like amenities, glass bottom pool and minutes away from David Lam Park
The Mark – 1372 Seymour Street
- Built: 2013
- Developer: Onni Group of Companies
- Features: panoramic views, concierge, outdoor pool and stainless steel appliances
The Savoy – 928 Richards Street
- Built: 2000
- Developer: De Cotiis Group
- Features: indoor pool, sauna and fitness centre
The Spot – 933 Seymour Street
- Built: 1998
- Developer: Shato Holdings Inc.
- Features: bright and spacious floor plan, high ceilings, and close to Skytrain
Downtown Airbnb friendly buildings:
The heart of the city, home to shopping centres, and some of the best restaurants; if you’re planning to make your property into an Airbnb home, this location will perfect for visiting guests.
890 Broughton – 890 Broughton Street
- Built: 1988
- Features: steps away from English Bay and Stanley Park, oak floors, gas fireplace
Altadena – 1238 Burrard Street
- Built: 2003
- Developer: Concord Pacific
- Features: well-equipped gym, yoga room, lounge with outdoor area, short walk to Skytrain
Chilco Park – 1010 Chilco Street
- Built: 1986
- Features: in-suite laundry, fireplace, steps away from Stanley Park and English Bay
Fortune House – 1010 Howe Street
- Built: 1982
- Developer: Howe Street Developments Ltd
- Features: large windows, balcony with city views, pet friendly, concierge and gym
Orca Place – 1166 Melville Street
- Built: 1997
- Developer: Stantec Architecture Ltd
- Features: gym, hot tub and sauna, steps away from Coal Harbour Waterfront
The Milano – 1003 Burnaby Street
- Built: 1999
- Developer: Cressey Development Group
- Features: fully equipped exercise room, landscaped garden, and moments away from the seawall, Stanley Park, and the Skytrain
The Wall Centre – 1050 Burrard Street
- Built: 1995
- Developer: Wall Financial Corporation
- Features: concierge, fitness centre, indoor pool, (amenities of the Sheraton Wall Centre Hotel), steps away from Robson Square, Art Gallery and shopping centres
Chinatown Airbnb friendly buildings:
Vancouver’s Chinatown is one of the most historic, vibrant and largest Chinatowns in North America. Over the years, Chinatown has continued to create and expand the amount of businesses and restaurants that make the area distinctive to locals and visitors alike. Some notable places to visit include Dr. Sun Yat Sen Classical Chinese Gardens for a zen stroll, DD Mau Chinatown for some casual Vietnamese inspired food, Bao Bei for a late night bite, and the infamous Keefer Bar, known for their cocktails and cool atmosphere.
33 Living – 33 West Pender Street
- Built: 2009
- Developer: Georgia Laine Developments
- Features: high ceilings and windows and deep bathroom tub
Espana – 633 Abbott Street, 689 Abbott Street and 188 Keefer Place (same development)
- Built: 2009
- Developer: Henderson Development Ltd
- Features: rooftop garden, gym, indoor pool, hot tub and sauna, steps away from seawall and stadiums
Firenze – 618 Abbott Street, 688 Abbott Street, and 58 Keefer Place (same development)
- Built: 2007
- Developer: Henderson Development Ltd
- Features: smart home technology, unobstructed views, steps away from supermarkets
Ginger – 718 Main Street
- Built: 2009
- Developer: Porte Development Corp.
- Features: beautiful views of the North Shore and False Creek, in-suite laundry
Paris Place – 183 Keefer Place
- Built: 1995
- Developer: Henderson Development Ltd
- Features: indoor pool, sauna and hot tub, steps away from Skytrain
Strathcona Village – 933, 955, and 983 East Hastings Street
- Built: 2014
- Developer: Wall Financial and The Wall Group of Companies
- Features: fitness centre, electric car chargers, patio
- Built: 2014
- Developer: Wall Financial and The Wall Group of Companies
- Features: fitness centre, electric car chargers, patio
To learn more about short term rental properties from a licensed Realtor, or to schedule a showing for one of these properties please feel free to contact me by email or phone at yuliya@yuliyalys.com/604.500.5838.
Look forward to speaking with you!
Yuliya
0 comments on “Airbnb Friendly Buildings in Vancouver”