Top Victoria Neighbourhoods for Airbnb

As the capital city of British Columbia, Victoria is a popular tourist destination with a variety of things to see and do. With its rich history, stunning natural scenery, and charming character, it’s no surprise that many people choose to visit Victoria every year. And as a result, there are many opportunities for homeowners to turn their properties into profitable Airbnb rentals. In this guide, we’ll take a look at some of the top Victoria neighbourhoods for Airbnb and what makes them so attractive to potential guests.

Learn more about Top Reasons Why Airbnb in Victoria is a Great Investment.

Downtown Victoria

Downtown Victoria is the heart of the city and the most popular area for tourists to stay. With its proximity to attractions like the Inner Harbour, the Royal BC Museum, and Beacon Hill Park, it’s no surprise that many visitors choose to stay in this area. And with a wide range of restaurants, bars, and shops within walking distance, it’s easy to see why this neighbourhood is so desirable for Airbnb guests.

Rate of Occupancy: The rate of occupancy for Airbnb rentals in Downtown Victoria typically ranges between 60% and 80%, with higher demand during peak tourist seasons. The area’s prime location and variety of accommodation options contribute to its consistently high occupancy rates.

Average Per-Day Rates: Downtown Victoria’s average per-day rate for Airbnb rentals varies between $80 and $200, depending on factors such as property size, amenities, and location. The central location and abundance of attractions contribute to these competitive rental rates. 

Average Monthly Income: Airbnb hosts in Downtown Victoria can expect to generate an average monthly income ranging from $1,200 to $5,000 or more. The potential income depends on factors like property type, occupancy rate, and per-day rate, as well as expenses, property maintenance, and taxes.

James Bay

Located just south of downtown, James Bay is a picturesque neighbourhood that is home to many historic homes and charming bed and breakfasts. This area is known for its beautiful scenery and peaceful atmosphere, making it a great choice for travellers who want to escape the hustle and bustle of the city. James Bay is also home to Fisherman’s Wharf, a popular destination for seafood lovers.

Rate of Occupancy: The rate of occupancy in James Bay typically ranges between 60% and 80%, with peak demand during the summer months. 

Average per-day rate: The average per-day rate for Airbnb rentals in the area varies between $80 and $160, depending on factors such as property size, amenities, and location.

Average monthly income: Airbnb hosts in James Bay can expect to generate an average monthly income ranging from $1,200 to $3,200 or more. However, potential income is contingent on factors like expenses, property maintenance, and taxes.

Fernwood

Fernwood is a trendy neighbourhood located just east of downtown. This area is known for its funky shops, colourful houses, and vibrant arts scene. With its unique character and friendly community, Fernwood is a great choice for Airbnb guests who want to experience a different side of Victoria.

Rate of Occupancy: The rate of occupancy for Airbnb rentals in Fernwood generally ranges between 50% and 70%, with higher demand during peak tourist seasons. The neighborhood is always full of people because it has its own charm and a wide range of places to stay.

Average Per-Day Rates: The average price per day for an Airbnb rental in Fernwood ranges from $70 to $150, based on things like property size, features, and location. The neighborhood’s charm and accessibility to downtown Victoria contribute to these attractive rental rates. 

Average Monthly Income: Airbnb hosts in Fernwood can expect to generate an average monthly income ranging from $1,000 to $3,500 or more. The potential income depends on factors like property type, occupancy rate, and per-day rate, as well as expenses, property maintenance, and taxes.

Fairfield

Fairfield is an upscale neighbourhood located just south of downtown. With its tree-lined streets, beautiful homes, and proximity to the ocean, this area is a popular choice for those looking for a more luxurious Airbnb experience. Fairfield is also home to the famous Dallas Road waterfront, a popular spot for walking, cycling, and enjoying the stunning views of the Juan de Fuca Strait.

Rate of Occupancy: The rate of occupancy for Airbnb rentals in Fairfield typically ranges between 55% and 75%, with higher demand during peak tourist seasons. The neighborhood’s captivating charm and range of accommodation options contribute to its steady occupancy rates.

Average Per-Day Rates: Fairfield’s average per-day rate for Airbnb rentals varies between $75 and $175, depending on factors such as property size, amenities, and location. These rent prices are attractive because the neighborhood is in a pretty place and is close to downtown Victoria. 

Average Monthly Income: Airbnb hosts in Fairfield can expect to generate an average monthly income ranging from $1,200 to $4,000 or more. The potential revenue is determined by elements such as property type, occupancy rate, and daily rate, as well as expenditures like as property upkeep and taxes.

Oak Bay

Located just east of Fairfield, Oak Bay is a picturesque neighbourhood that is known for its beautiful gardens, stunning beaches, and high-end shops and restaurants. With its charming character and peaceful atmosphere, Oak Bay is a popular choice for Airbnb guests who want to experience the more exclusive side of Victoria.

Occupancy Rates: The occupancy rate for Airbnb rentals in Oak Bay typically falls between 50% and 70%, experiencing higher demand during peak tourist seasons. The neighborhood’s captivating appeal and diverse accommodation options contribute to its stable occupancy rates.

Average Per-Day Rates: Depending on the size, amenities, and location of the property, the average per-day rate for Airbnb rentals in Oak Bay ranges from $85 to $200. The area’s beautiful setting and closeness to downtown Victoria play a role in shaping these attractive rental rates.

Average Monthly Income: Airbnb hosts in Oak Bay can anticipate generating an average monthly income of between $1,300 and $4,500 or more. The potential income depends on factors like property type, occupancy rate, and per-day rate, as well as expenses, property maintenance, and taxes.

Esquimalt

Located just west of downtown, Esquimalt is a diverse and growing neighbourhood that is becoming increasingly popular with Airbnb guests. With its beautiful parks, stunning waterfront views, and proximity to downtown, Esquimalt is a great choice for travellers who want to experience a different side of Victoria.

Rate of Occupancy: The rate of occupancy for Airbnb rentals in Esquimalt generally ranges between 50% and 70%, with higher demand during peak tourist seasons. The neighborhood has stable occupancy rates because it is attractive and has a lot of places to stay.

Average Per-Day Rates: Esquimalt’s average per-day rate for Airbnb rentals varies between $75 and $175. These rent prices are attractive because the neighborhood is in a beautiful area and is close to downtown Victoria. 

Average Monthly Income: Airbnb hosts in Esquimalt can expect to generate an average monthly income ranging from $1,200 to $4,000 or more. The prospective income is influenced by factors such as the type of property, occupancy rate, and daily rate, along with considerations like expenses, property upkeep, and tax obligations.

Rockland

Located just north of downtown Victoria, Rockland is a neighbourhood that is known for its stunning heritage homes, lush gardens, and beautiful parks. With its quiet streets and beautiful scenery, Rockland is a popular choice for Airbnb guests who are looking for a peaceful and relaxing stay in Victoria. This neighbourhood is also home to Craigdarroch Castle, a stunning mansion that is open for tours and is a popular attraction for visitors to the city.

Rate of Occupancy: The rate of occupancy for Airbnb rentals in Rockland typically ranges between 55% and 75%, with higher demand during peak tourist seasons. The neighborhood’s sophisticated charm and variety of accommodation options contribute to its consistent occupancy rates.

Average Per-Day Rates: Rockland’s average per-day rate for Airbnb rentals varies between $90 and $250, depending on factors such as property size, amenities, and location. These rent prices are attractive because the neighborhood is in a nice area and is close to downtown Victoria. 

Average Monthly Income: Airbnb hosts in Rockland can expect to generate an average monthly income ranging from $1,500 to $5,000 or more. The potential income is influenced by factors such as the type of property, occupancy rate, and daily rate, along with considerations like expenses, property upkeep, and tax obligations.

Quadra Village

Located just east of downtown Victoria, Quadra Village is a diverse and vibrant neighbourhood that is home to a variety of shops, restaurants, and community events. With its friendly community and unique character, Quadra Village is a great choice for Airbnb guests who are looking for an authentic and immersive experience in Victoria.

Occupancy in Quadra Village: The rate of occupancy for Airbnb rentals in Quadra Village generally ranges between 50% and 70%, with higher demand during peak tourist seasons. The neighborhood’s lively appeal and variety of accommodation options contribute to its stable occupancy rates.

Average Per-Day Rates: Quadra Village’s average per-day rate for Airbnb rentals varies between $65 and $150, depending on factors such as property size, amenities, and location. The neighborhood’s energetic vibe and proximity to downtown Victoria contribute to these attractive rental rates. 

Average Monthly Income: Airbnb hosts in Quadra Village can expect to generate an average monthly income ranging from $1,000 to $3,500 or more.

Chinatown

Victoria’s historic Chinatown is the oldest in Canada and is a popular destination for visitors to the city. With its beautiful architecture, unique shops, and delicious restaurants, Chinatown is a great choice for Airbnb guests who want to experience a different side of Victoria’s history and culture. This neighbourhood is also home to the famous Fan Tan Alley, a narrow laneway that is filled with quirky shops and hidden gems.

Rate of Occupancy: The rate of occupancy for Airbnb rentals in Chinatown typically ranges between 55% and 75%, with higher demand during peak tourist seasons. The area is always full of people because it has a lot of things to do and a variety of places to stay.

Average Per-Day Rates: Chinatown’s average per-day rate for Airbnb rentals varies between $80 and $200, depending on factors such as property size, amenities, and location. The lively feel of the neighborhood and the fact that it is in the middle of downtown Victoria are both reasons why the rental prices are so good. 

Monthly Income: Airbnb hosts in Chinatown can expect to generate an average monthly income ranging from $1,500 to $4,500 or more. The amount of money you could make depends on things like the type of property, how often it’s rented out, and the daily rate, as well as costs, maintenance, and tax obligations.

Gorge/Tillicum

Located just west of downtown Victoria, the Gorge/Tillicum neighbourhood is a diverse and growing area that is home to many parks, shops, and restaurants. With its beautiful waterfront views and easy access to downtown, Gorge/Tillicum is a popular choice for Airbnb guests who want to experience the best of both worlds in Victoria.

Occupancy Rates: The occupancy rate for Airbnb rentals in Gorge/Tillicum typically falls between 50% and 70%, experiencing higher demand during peak tourist seasons. The neighborhood’s captivating appeal and diverse accommodation options contribute to its steady occupancy rates.

Average Per-Day Rates: Depending on the size, amenities, and location of the property, the average per-day rate for Airbnb rentals in Gorge/Tillicum ranges from $70 to $150. The area’s scenic setting and closeness to downtown Victoria play a role in shaping these attractive rental rates. 

Average Monthly Income: Airbnb hosts in Gorge/Tillicum can anticipate generating an average monthly income between $1,200 and $3,500 or more. The potential income relies on factors like property type, occupancy rate, and per-day rate, as well as expenses, property maintenance, and taxes.

You can also read about neighbourhoods of Victoria on official website of the city of Victoria.

Check out How to start an Airbnb business in Victoria.

Conclusion

Victoria is a beautiful and diverse city with many different neighbourhoods to choose from. Whether you’re looking for a peaceful retreat, a vibrant and trendy area to explore, or a cultural experience, there is something for everyone in this amazing city. And with the growing popularity of Airbnb, there are many opportunities for homeowners to turn their properties into profitable rentals. So if you’re thinking of becoming an Airbnb host in Victoria, be sure to consider these top neighbourhoods for your next investment.

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