Lately, we have had an increasing number of clients asking about financing Airbnbs and what it takes to run them. After owning an Airbnb rental condo myself, we’ve decided to create a series of posts with the need-to-knows of buying, financing and running Airbnbs in Victoria, B.C.
Not all buildings can legally run an airbnb!
As part of my research into owning and running an Airbnb, I discovered that to get a license to run an Airbnb in Victoria, the building has to have a specific zoning: transient. There are very few buildings in Victoria that have transient zoning so it is important to purchase one of the buildings below if you are interested in buying an apartment to Airbnb in Victoria B.C.
When doing a search with your realtor, it is also important not only to look for buildings that have “unrestricted rentals” but also buildings that have transient zoning.
Below is a list as of October 2021 of the buildings that currently have transient zoning in Victoria B.C.
Era
728 Yates Street | 2014
Falls
707 Courtney/708 Burdett Ave | 2009
Astoria
751 Fairfield Road | 2006
Mermaid Wharf
409 Swift Street | 2000
Leiser
524 Yates Street | 2011 | Loft Style
Juliet
760 Johnson Street | 2008
595 Pandora Ave
2016
Union
528 Pandora Ave | 2014
Oriental
562 Yates Street | 2011
Corazon
732 Cormorant Street | 2005
Vogue
599 Pandora Ave | 2006
Cityzen
613 Herald Street | 2018
Legato
960 Yates Street | 2018
Palladian
1602 Quadra Street | 2008
Monaco
610 Johnson Street | 2007
The Soho
848 Mason Street | 2006
601 Herald
601 Herald Street
Photo credits: Era Falls Astoria Mermaid Wharf Leiser Juliet 595 Pandora Ave Union Oriental Corazon Vogue Cityzen Legato Palladian Monaco The Soho 601 Herald