From a big-money-making Airbnb cabin in the woods to a big-city townhouse with a secondary suite, these five homes are the perfect blend of aesthetics and investment potential.
Canadians continue to find creative ways to buy real estate.
Some look to alternative buying models, such as rent-to-own or fractional purchases. Others are purchasing homes with secondary suites that they can rent out.
If you’re not interested in being a full-time landlord, you could consider turning your home into a short-term rental via a platform such as Airbnb. It’s yet another approach to generating passive income while easing the burden of mortgage payments.
Airbnb has stated that a typical Airbnb host earned $7,700 in the summer of 2022.
If those numbers appeal to you, check out these five highly Instagramable Canadian homes on the market right now.
1. 62 Miles St, Milton, Ont.
Photo credit: Sotheby’s International Realty Canada
List price: $2,325,000
This vibrant, cherry-red, four-bedroom craftsman home pops with colour. Inside, there are plenty of highly ‘grammable touches. There’s a claw-foot soaker tub in the five-piece primary bath, and just off the kitchen on the main floor a stone fireplace is set in a shiplap accent wall.
The home should attract vacationers with a taste for the outdoors. It’s close to the Kelso Conservation Area, a nature preserve with a waterpark, challenge course with climbing obstacles, trail network, lakeside boardwalk and beach.
2. 476 King St. E., Toronto, Ont.
Photos courtesy of Oliver Krilic
List price: $1,629,900
“This isn’t just a home — it’s a lifestyle property,” says Oliver Krilic, sales representative with Real Broker Ontario, of this three-storey townhouse minutes from Toronto’s iconic St. Lawrence Market and Distillery District. “You’ve got the charm and warmth of classic Toronto architecture, paired with modern finishes and a fully turnkey Airbnb suite downstairs. It offers both elegance and versatility,” he continues.
3. 8 Main St., Toronto, Ont.
Photos courtesy of iPro Realty/listing
List price: $1,799,999
Steps from several major transit routes and walking distance from Toronto’s Beach neighbourhood, this fully remodeled detached home comes complete with a new secondary suite in the basement. “The location is quite ideal for anybody who is visiting,” says listing agent Farooq Rasool. “It’s a full apartment in the basement and it’s a walk-out so it doesn’t interfere with the day-to-day life of an owner,” he adds.