“You can make tons of money from buying a property in Whistler and renting it on AirBnB!” …. This seems to be a common thing I hear, so is it true?

Well, yes and no.

You can certainly earn some great revenue with a Whistler airbnb property. But its pay to play i’m afraid.

I tell my clients that you typically need around 50% (or in many cases even more) downpayment in order to cover costs, if you require a management company to handle the operation of the rental. Those who can handle that personally can either do even better with their returns, or require less downpayment to enter the market.

It also greatly depends on how you view your investment.

For some, simply having a consistent place to use and call home when in Whistler, while covering some expenses with revenues is a great way at looking at their investment, and frankly a way that I’m a big advocate for.

Or, if you need to cover costs at the very least or even enter the realms of positive cash flow then you’ll need to delve into the numbers a lot more.

So, covering costs… how much do you need to put down?

Well, there are a huge number of variables which will impact this question, but if we take a very average approach to this, you might come up with the following:

  • Assume an average 2 bedroom that can be rented nightly, this is approximately $1.7M right now.
  • Average gross rental rates are approximately $80-90,000 per year.
  • Most management companies charge 28-30% of gross revenue.
  • That means that your adjusted gross revenue after management expense is more like $60-70,000/year.
  • subtract your strata fees, property taxes and tourism Whistler fees, which on average total approximately $15,000/year based on the sales stats for 2 bedroom sales in the last 6 months, which gives you a net result of between $45-55,000/year, or $3750-4600/mo.

So, how much mortgage can you cover with $3750-4600/mo? Right now at the time of writing this, mortgage costs are approximately $615 for every $100,000 borrowed based on Dominion Lending figures for a 5 year fixed mortgage.

That means that you can cover approximately $600,000-750,000 worth of mortgage payments with your net revenue.

So, your $1.7M purchase, with up to $750,000 worth of mortgage covered with revenues means you’re looking at needed a downpayment close to $1million. Or approximately 60%.

Now imagine you don’t need management fees because you do it yourself… now you’re in the money! But for the majority of people that’s just not feasible.

What about entry level stuff? Things like a Gondola Village unit?

These places are small, 400sq ft 1 bedroom units in Creekside and represent our most common entry level nightly rental product.

They currently sell between $750,000 (original, poor to average condition, poor location in complex) to $1million for renovated, good location, great condition units.

These places on average can generate upwards of $65,000/year. And if we do the analysis as above we get the following:

  • $45k adjusted gross after 30% management.
  • About $9k in strata fees, property taxes and tourism Whistler fees per year.
  • So about $35+k in net revenue, or about $3000/mo average’d out.
  • That enables approximately $480,000 worth of mortgage payment capacity based on the same $615/mo per $100,000 borrowed noted above.
  • So for a good condition unit (which is what you would need to obtain those revenues) you’re going to need around 50% down.

So there you have it for entry level 1 bedrooms, and average 2 bedroom units. 50-60% downpayment needed to cover costs of mortgage, strata fee and tourism Whistler fees.

Obviously there are outliers to these analyses, and there are many factors to consider. I will say however that most management companies suggest it makes more sense financially to go for a 3 or 4 bed over a 2 bed unit. The rental options are greater and the properties themselves are rarer.

But what about the equity and appreciation side of the investment argument?

Covering all costs and even having positive cash flow are obviously nice things to have! But don’t forget about the basics too; building equity and gaining appreciation.

The benefit to building equity through a place in Whistler is that you have a place to use in WHISTLER! I mean come on… who doesn’t want that?? We’re also exempt from any current Foreign Buyer ban, we represent close to 25% of all tourism dollars in BC and Whistler is now on the map for the ultra Buyers; people who used to spend their millions elsewhere are coming here in hoards. That speaks fairly highly for future property values in my mind.

Whistler condos and townhomes have appreciated 245% since January 2013. WOW.


See Whistler condo and townhome listings below!

655 4090  Whistler Way, Village

655 4090 Whistler Way 655, Whistler

#655 Westin Resort & Spa is 1 of a group of 14 suites being sold by a Canadian corporation that wisely purchased this portfolio of luxury suites for its investors. They have enjoy …more
RE/MAX Sea to Sky Real Estate
23 4700  Glacier Drive, Benchlands

23 4700 Glacier Drive 23, Whistler

Experience mountain living at its finest. This exceptional residence offers an enviable ski-in/ski-out location directly onto the slopes, allowing you to enjoy the ultimate ski exp …more
8398  Glen Abbey Lane, Green Lake Estates

8398 Glen Abbey Lane, Whistler

Goldenwood is a luxurious, gated community located in the distinguished Green Lake Estates neighbourhood. 8398 Glen Abbey Lane is a beautiful end unit that is ideally located on th …more
Engel and Volkers Whistler
29 4628  Blackcomb Way, Benchlands

29 4628 Blackcomb Way 29, Whistler

Calling all golfers who love to ski! Welcome to your dream Whistler retreat nestled within the prestigious Alpine Greens community. This exquisite town home boasts an enviable lo …more
RE/MAX Sea to Sky Real Estate
4653  Montebello Place, Village

4653 Montebello Place, Whistler

Montebello is a conveniently located complex that allows owners to be close to the vibrant action of both the Village & Blackcomb Benchlands, however within a quiet setting so you …more
Sutton West Coast Realty Ltd. Whistler
4877  Casabella, Village

4877 Casabella, Whistler

Immerse yourself in the Whistler lifestyle with this stunning Montebello townhome! This meticulously appointed property boasts everything you desire for mountain living at its fine …more
RE/MAX Sea to Sky Real Estate
25 2250  Nordic Drive, Nordic

25 2250 Nordic Drive 25, Whistler

Freshly updated and renovated unit #25 in sought after Taluswood is the Whistler retreat you have been looking for. Ski or bike home right to your front door, via the Dave Murray D …more
Stilhavn Real Estate Services – Whistler
29 2641  Whistler Road, Nordic

29 2641 Whistler Road 29, Whistler

Situated in the quiet Nordic neighbourhood, this townhome is in a desirable year-round location with a very private position within the Powderwood complex. The open living plan mak …more
34 4661  Blackcomb, Benchlands

34 4661 Blackcomb 34, Whistler

This ski in townhome at Treeline is located in one of the most desirable locations in the development! As an end unit on the front row, it has beautiful, treed privacy with large …more
Engel and Volkers Whistler
11 4661  Blackcomb Way, Benchlands

11 4661 Blackcomb Way 11, Whistler

Unlimited owner use & nightly rentals, including Airbnb, are permitted. This turn-key, beautifully renovated 3-bedroom townhome has no foreign buyer restrictions. Located in the co …more
Macdonald Realty Group Inc.
6 2221  Gondola Way, Whistler Creek

6 2221 Gondola Way 6, Whistler

Sundance is a fabulous complex that is conveniently located just a short stroll down Gondola Way and right into the Whistler Mountain gondola line – a wonderful perk for the wint …more
Engel and Volkers Whistler
506 4809  Spearhead Drive, Benchlands

506 4809 Spearhead Drive 506, Whistler

Welcome to unit 506 in the prestigious Marquise development. This open plan property features two main bedrooms each with their own well appointed private bathrooms and one featuri …more
Engel and Volkers Whistler
302 4749  Spearhead Drive, Benchlands

302 4749 Spearhead Drive 302, Whistler

Discover this bright, inviting 2-bedroom + loft suite in the Wildwood Lodge. Soaring ceilings fill the space with light, perfect for up to 7 guests. Enjoy a large dining table and …more
Macdonald Realty Group Inc.
219/220 4905  Spearhead Place, Benchlands

219/220 4905 Spearhead Place 219/220, Whistler

Located within a quiet cul-de-sac on the Benchlands; a fantastic ski-in/ski-out location you will find the lovely Greystone Lodge. #219/220 Greystone is a gorgeous renovated unit t …more
Engel and Volkers Whistler
13 2221  Gondola Way, Whistler Creek

13 2221 Gondola Way 13, Whistler

A rare gem! This home offers 396 sq. ft. of undeveloped space for additional living areas. Enjoy the sundeck with views of Alpha Lake and Sprout Mountain. Sundance is a fantastic c …more
Macdonald Realty Group Inc.
5 4201  Sunshine Place, Village

5 4201 Sunshine Place 5, Whistler

Discover this exceptionally rare two-bedroom tucked in the heart of the Whistler Village. A true hidden gem, this property has remained off the market for 36 years. Oversized windo …more
RE/MAX Sea to Sky Real Estate
13 4652  Blackcomb Way, Benchlands

13 4652 Blackcomb Way 13, Whistler

Nestled amidst the breathtaking scenery of Whistler, this charming 2-bedroom, 2-bathroom townhouse offers an idyllic retreat for outdoor enthusiasts and vacationers alike. Convenie …more
RE/MAX Sea to Sky Real Estate
18 4636  Blackcomb Way, Benchlands

18 4636 Blackcomb Way 18, Whistler

Overlooking the Fairmont Chateau golf course, this rarely available, immaculate 2 bedroom, 2 bathroom townhome boasts a spacious open layout updated with welcoming furnishings, new …more
222 3309  Ptarmigan Place, Blueberry

222 3309 Ptarmigan Place 222, Whistler

Discover luxury living at its finest in prestigious Blueberry Hill. This beautifully renovated 2-bedroom, 2-bathroom condo boasts an open floor plan, gas fireplace, and large rooms …more
Stilhavn Real Estate Services – Whistler
61 6127  Eagleridge Crescent, Whistler Cay Heights

61 6127 Eagleridge Crescent 61, Whistler

Imagine stepping out your door and strolling to Whistler Village’s vibrant shops and restaurants. This 3 bedroom, 2 bath end unit townhome offers the ultimate convenience being onl …more
RE/MAX Sea to Sky Real Estate
18 4725  Spearhead Drive, Benchlands

18 4725 Spearhead Drive 18, Whistler

Very spacious 2 bedroom/2 bath townhome in Wintergreen on Blackcomb. This immaculately maintained townhome is all on one level and features 2 large patios to enjoy the morning and …more
RE/MAX Sea to Sky Real Estate
74 6127  Eagleridge Crescent, Whistler Cay Heights

74 6127 Eagleridge Crescent 74, Whistler

Experience the ease and comfort of this updated 3 bedroom, 2 bathroom townhome in Whistler Cay Heights, just a stroll away from Whistler Village. Leave your cars in the private dou …more
RE/MAX Sea to Sky Real Estate
30 4335  Northlands Boulevard, Village

30 4335 Northlands Boulevard 30, Whistler

Prime real estate offering situated in the heart of Whistler Village. This top-level, 2-bedroom townhome boasts unparalleled access to a myriad of amenities mere steps from your do …more
Stilhavn Real Estate Services – Whistler
317 2222  Castle Drive, Nordic

317 2222 Castle Drive 317, Whistler

Bright and open townhome in the popular Castle Estates, ideally located between Whistler Village and Creekside. Quiet end unit in a cul de sac backing onto beautiful forest. Great …more
Engel and Volkers Whistler
4 3102  Panorama Ridge, Brio

4 3102 Panorama Ridge 4, Whistler

Discover the epitome of luxury mountain living in this exceptional 3-bedroom townhome, a true gem in the heart of Whistler’s Suncrest community. Unprecedented in its renovations, t …more
6 4211  Sunshine Place, Village

6 4211 Sunshine Place 6, Whistler

Hearthstone Lodge; an incredible, centrally located building, designed by renowned architect; Arthur Erikson, is absolutely the perfect spot for your Whistler getaway! #6 Hearthsto …more
Engel and Volkers Whistler
253 4573  Chateau Boulevard, Benchlands

253 4573 Chateau Boulevard 253, Whistler

Spacious 1 bedroom and den in the Glacier Lodge which is situated right at the base of Blackcomb Mountain, just steps from the Wizard Ski Lift and across from the Fairmont Chateau …more
Macdonald Realty Group Inc.
72 2400  Cavendish Way, Nordic

72 2400 Cavendish Way 72, Whistler

Located in the Nordic neighborhood of Whistler, this townhouse is a hidden gem waiting to be discovered. It’s a unique unit, never before available on the market, offering the quin …more
Stilhavn Real Estate Services – Whistler
7 8072  Timber Lane, Alpine Meadows

7 8072 Timber Lane 7, Whistler

Welcome to Alpine Meadows, one of Whistler’s premier neighbourhoods, this 3 bedroom / 2 bathroom townhouse is move in ready. The property has been well maintained and features high …more
RE/MAX Sea to Sky Real Estate
413 4800  Spearhead Drive, Benchlands

413 4800 Spearhead Drive 413, Whistler

Enjoy peaceful days and evenings on your private balcony from this top floor ski-in/ski-out 1 bedroom suite. This suite offers peaceful views of the forest with peek a boo views of …more
Engel and Volkers Whistler
307 4557  Blackcomb Way, Benchlands

307 4557 Blackcomb Way 307, Whistler

the ultimate ski-in/ski-out experience on Blackcomb Mountain. This west facing gem features floor-to-ceiling windows that bathe the interior in natural light while offering an a …more
Sothebys International Realty Canada
336 4800  Spearhead Drive, Benchlands

336 4800 Spearhead Drive 336, Whistler

Experience the ultimate slope-side living. This beautifully updated and fully furnished unit is ready for your personal enjoyment and is a fantastic nightly rental opportunity. Thi …more
Stilhavn Real Estate Services – Whistler
37 4355  Northlands Boulevard, Village

37 4355 Northlands Boulevard 37, Whistler

Escape to the heart of Whistler British Columbia, an enchanting one bedroom townhouse, offering the perfect blend of comfort convenience and boundless adventure, spanning 634 ft.² …more
RE/MAX Sea to Sky Real Estate
220 4809  Spearhead Drive, Benchlands

220 4809 Spearhead Drive 220, Whistler

Attractive and nicely furnished turn-key 1 bedroom, 1 bathroom condo at the sought-after Marquise complex! Situated in the Blackcomb Benchlands across the street from the slopes of …more
Sutton West Coast Realty Ltd. Whistler
207 2050  Lake Placid Road, Other

207 2050 Lake Placid Road 207, Whistler

SKY IN SKY OUT UNIT!! Gorgeous, renovated 1 bedroom with large balcony. Phase 1 allows for unlimited nightly rentals or owner usage 365 days of the year. Designer coloured laminat …more
Engel and Volkers Whistler
52 2400  Cavendish Way, Nordic

52 2400 Cavendish Way 52, Whistler

Located in the Nordic neighborhood of Whistler, this end-unit townhouse with a great floor plan and extra windows is a hidden gem waiting to be discovered. It’s a unique unit, neve …more
Stilhavn Real Estate Services – Whistler
11 6800  Crabapple Drive, Whistler Cay Estates

11 6800 Crabapple Drive 11, Whistler

Alta Lake Resort; a fabulous residential (no short term rentals) community within the ever popular Whistler Cay Estates that is located at the North end of Alta Lake. The ideal yea …more
Engel and Volkers Whistler
21 2050  Lake Placid Road, Whistler Creek

21 2050 Lake Placid Road 21, Whistler

A rare find! This ground floor 1 bedroom condo at the fantastic Lake Placid Lodge complex in creekside is in the coach house section of the complex, a very private setting with its …more
RE/MAX Sea to Sky Real Estate
4415 4299  Blackcomb Way, Village

4415 4299 Blackcomb Way 4415, Whistler

This luxurious suite at the Pan Pacific Whistler Village Centre is a perfect mountain getaway. A spacious open-concept living and dining area features a cozy gas fireplace and a fu …more
352 4340  Lorimer Road, Village

352 4340 Lorimer Road 352, Whistler

Welcome to Marketplace Lodge, centrally located in Whistler Village! Beautifully updated, this 1-bedroom condo features picturesque mountain views and a cozy atmosphere. Situated c …more
Engel and Volkers Whistler
221 2050  Lake Placid Road, Whistler Creek

221 2050 Lake Placid Road 221, Whistler

SKI-IN/SKI-OUT! Experience the ultimate Whistler getaway with this charming one-bedroom apartment in the highly sought-after Lake Placid Lodge. Perfectly situated at the base of th …more
Sothebys International Realty Canada
316 4314  Main Street, Village

316 4314 Main Street 316, Whistler

This condo in Town Plaza is situated on one of Whistler’s most convenient locations on the village stroll while still offering a serene retreat being on the quiet side of the build …more
Stilhavn Real Estate Services – Whistler
5 8100  Alpine Way, Alpine Meadows

5 8100 Alpine Way 5, Whistler

Located in the quiet local neighbourhood of Alpine Meadows, this townhome offers a functional floor plan over two floors. The large living room with a cozy wood-burning stove has a …more
RE/MAX Sea to Sky Real Estate
3 2101  Whistler Road, Nordic

3 2101 Whistler Road 3, Whistler

Highpointe is a low density, Tourism Accommodation zoned development located within a short walking distance to the Creekside Gondola at the base of Whistler Mountain. Whether you …more
Engel and Volkers Whistler
125 3070  Hillcrest Drive, Alta Vista

125 3070 Hillcrest Drive 125, Whistler

Whether you’re seeking a part-time retreat or a full-time residence, Alta Vista offers the ideal neighborhood for all lifestyles. This 2 bed/a bath townhouse offers an open living …more
Engel and Volkers Whistler
4 2101  Whistler Road, Whistler Creek

4 2101 Whistler Road 4, Whistler

SL 4 High Pointe is a spacious one bedroom on 2 levels within walking distance to Whistler’s Creekside, ski lifts and all the amenities Creekside has to offer. This townhome is p …more
RE/MAX Sea to Sky Real Estate
203 2129  Lake Placid Road, Whistler Creek

203 2129 Lake Placid Road 203, Whistler

TERRIFIC VALUE! Nightly rental condo in Creekside Village. Whistler charm at it’s best. Walk to ski lifts, trails, lakes, dining and shopping. The property is spacious, clean, and …more
Macdonald Realty Group Inc.
106 6850  Crabapple Drive, Whistler Cay Estates

106 6850 Crabapple Drive 106, Whistler

Enjoy your own private waterfront on Alta Lake with this ground level one bedroom one bathroom end unit at Adventure’s West. Perfect for a weekend getaway or full-time residence. …more
Engel and Volkers Whistler
121 2005  Nordic Place, Nordic

121 2005 Nordic Place 121, Whistler

This spacious top-floor condo features three bedrooms and is situated in a prime corner location. Enjoy the sun and stunning views of Sproatt and Rainbow mountains. It’s within wa …more
RE/MAX Sea to Sky Real Estate
529/531 4050  Whistler Way, Village

529/531 4050 Whistler Way 529/531, Whistler

1 bed, 2 bath, 1146 sqft – INVESTMENT PROPERTY! The Hilton Whistler Resort & Spa offers the perfect mix of personal usage and revenue. This “1 bed lock off suite” which is 2 sepa …more
Stilhavn Real Estate Services – Whistler
725-727 4050  Whistler Way, Village

725-727 4050 Whistler Way 725-727, Whistler

INVESTMENT PROPERTY! The Hilton Whistler Resort & Spa offers the perfect mix of personal usage and revenue. With 1146 sq. ft., these 2 lock off units (#725 and #727) can be used se …more
Stilhavn Real Estate Services – Whistler
515 4660  Blackcomb Way, Benchlands

515 4660 Blackcomb Way 515, Whistler

LOST LAKE LODGE – cozy and bright studio condo in the top floor corner location that is a wonderful first time Whistler home, holiday get-away property or (Phase 1) nightly rentals …more
340 4350  Lorimer Road, Village

340 4350 Lorimer Road 340, Whistler

Enjoy Whistler living in this top-floor, 1-bedroom condo nestled within the heart of Whistler Village. Unwind by the gas fireplace as you lose yourself in the views of Sproat Mount …more
RE/MAX Sea to Sky Real Estate
602/604 4050  Whistler Way, Village

602/604 4050 Whistler Way 602/604, Whistler

Arguably the best location for accessing the ski hill and everything Whistler has to offer! The Hilton Whistler Resort is an unrestricted owner-use hotel condo. Tastefully refurbi …more
RE/MAX Sea to Sky Real Estate
1 2150  Sarajevo Drive, Whistler Creek

1 2150 Sarajevo Drive 1, Whistler

Enjoy everything Whistler has to offer from this ideal perch in Gondola Village. Take in the west-facing views of Sproatt Mountain, as well as views up and down Whistler valley to …more
Stilhavn Real Estate Services – Whistler
A201 1400  Alta Lake, Whistler Creek

A201 1400 Alta Lake A201, Whistler

Lakeside living! Spacious 1 bed/1 bath condo in Tamarisk, a quiet residential complex on the shores of Alpha Lake with a dock and canoe/kayak storage. Easy access to Creekside Vil …more
Engel and Volkers Whistler
309/311 4050  Whistler Way, Village

309/311 4050 Whistler Way 309/311, Whistler

Hilton is perfectly located at the base of Whistler and Blackcomb Village gondolas and only steps away from all Whistler Village’s shops and restaurants. This one bedroom lock-off …more
265 4314  Main Street, Village

265 4314 Main Street 265, Whistler

Beautiful large studio unit showcases an optimal layout to sleep 4 with screen doors separating the bedroom and living quarters. Situated in Deer Lodge, Town Plaza at the ideal, qu …more
RE/MAX Sea to Sky Real Estate
340 4591  Blackcomb Way, Benchlands

340 4591 Blackcomb Way 340, Whistler

Perfectly positioned at the base of Blackcomb Mountain; a truly picturesque setting you will find The Four Seasons Resort – a one of a kind Whistler offering that is absolutely in …more
Engel and Volkers Whistler
673 4090  Whistler Way, Village

673 4090 Whistler Way 673, Whistler

Located in the award winning Westin Resort & Spa, this 6th floor studio offers a fantastic investment opportunity. Come and enjoy this luxurious studio with its own kitchen, gas …more
RE/MAX Sea to Sky Real Estate
411 4315  Northlands Boulevard, Village

411 4315 Northlands Boulevard 411, Whistler

Located in the heart of Whistler Village, The Cascade Lodge presents a great investment opportunity. Situated on the 4th floor, this studio offers a peaceful forest view, ideal for …more
RE/MAX Sea to Sky Real Estate
620 4899  Painted Cliff Road, Benchlands

620 4899 Painted Cliff Road 620, Whistler

BLACKCOMB SPRINGS SUITES – one of the great ski in/ski out complexes in Whistler’s Benchlands with slope-side hot tubs, heated pool, exercise facility, games room, ski & bike stora …more
Engel and Volkers Whistler
615 4899  Painted Cliff Road, Benchlands

615 4899 Painted Cliff Road 615, Whistler

Nestled in Blackcomb Springs Suites, discover a top-floor 432 sq ft studio, #615. It features a fully equipped kitchen, cozy dining/living area with a queen bed + sofa bed, and a m …more
RE/MAX Sea to Sky Real Estate
256 4429  Sundial Place, Village

256 4429 Sundial Place 256, Whistler

Enjoy beautiful Blackcomb views from this 2 level, 1.5 bath lofted corner suite at the Keg Lodge/Whistler Village Inn. Ideal central + quiet village location with just a short walk …more
Sutton West Coast Realty Ltd. Whistler
424 2036  London Lane, Whistler Creek

424 2036 London Lane 424, Whistler

Whistler’s Creekside ‘Legends’ ownership offers not just door step proximity to ski-in-out access but also the benefits of a vacation property without the full commitment of owni …more
Engel and Volkers Whistler
402C 2036  London Lane, Whistler Creek

402c 2036 London Lane 402c, Whistler

This highly sought-after quarter-share, one-bedroom, top-floor corner unit offers stunning views of Whistler Mountain. Vaulted ceilings and floor-to-ceiling windows create a spacio …more