Best Place to Invest in Vacation Rental Property: Victoria Airbnb Guide

​If you're considering investing in a vacation rental property in Victoria, it's crucial to understand the city's regulations and identify properties that permit such rentals. Victoria has specific bylaws governing short-term rentals, and compliance is essential to operate legally and successfully.​

Airbnb-Friendly Condo Buildings in Victoria

Several condo buildings in Victoria are known to be Airbnb-friendly, offering amenities and locations attractive to short-term renters. Here are some notable examples:​

• The Falls – A luxury condo building boasting stunning views of the city and harbor, as well as a fitness center, indoor pool, and hot tub.​

• Juliet – A modern, stylish condo located in the vibrant Old Town neighborhood, allowing short-term rentals.​

• Monaco – Situated in the historic James Bay neighborhood, this building features a rooftop terrace with views of the city and harbor.​

• Leiser – A newer condo with a rooftop patio and BBQ area, perfect for relaxing and enjoying city views.​

• Oriental – A beautiful heritage building in Victoria’s Chinatown neighborhood, popular among visitors.​

• The Union – A modern, eco-friendly condo featuring a rooftop terrace, fitness center, and underground parking.​

• The Janion – Located in the heart of downtown Victoria, offering stylish, compact units ideal for travelers.​

• The Vogue – A modern, luxurious condo in the city center with a rooftop terrace and fitness center.​

• The Mermaid Wharf – Located in the trendy Chinatown neighborhood, featuring loft-style units with exposed brick and wood beams.​

• The Cityzen – A newer condo with modern, stylish units in a central location.​

• 601 Herald – A luxury condo with stunning views of the city and harbor, fitness center, and underground parking.

  
  

These buildings are located in neighborhoods like Old Town, James Bay, and Chinatown, which are popular among visitors for their vibrant communities and proximity to downtown. 

Regulatory Considerations

While these buildings are known to be Airbnb-friendly, it's crucial to verify the current bylaws and regulations, as they can change. The City of Victoria requires hosts to obtain a short-term rental business license, and for condominiums, it's necessary to review the property's bylaws for any restrictions and inform the property management association of your new license. ​

Key Takeaways

• Victoria's short-term rental regulations require hosts to obtain a business license and comply with both municipal and provincial laws.​

• Only principal residences are eligible for short-term rentals, with specific limitations on rental duration and occupancy.​

• Several condo buildings in Victoria are known to permit short-term rentals, but it's essential to verify current bylaws and obtain necessary approvals.​

  
  

Investing in an Airbnb-friendly property in Victoria can be a lucrative opportunity, given the city's appeal to tourists and business travelers. However, it's essential to stay informed about the latest regulations and ensure compliance with both city bylaws and condominium rules. Reach out today and we will connect you with a local real estate professional that can provide valuable guidance in selecting the right property for short-term rental investment.​