QUEBEC CITY — A $150-million condo development in Quebec City will be the first property in Canada to allow its units to be used specifically for short-term Airbnb-style rentals.
The three building Groupe Bolduc development, Condos LB9, will have a condominium agreement allowing tenants of its 250-unit tower to offer legal short-term rentals.
Dany Papineau, founder of the airbnbsecrets.com training platform, was brought in by Groupe Bolduc as a consultant for the project. Papineau’s website provides insight and advice for homeowners looking to maximize their profits through short-term rental ventures. Tenants will also be able to take on-site training courses free of charge.
“The groundbreaking Condos LB9 project will be located near the Videotron Centre — a potential NHL arena — perfectly demonstrating the global home-sharing revolution,” says Papineau. “This visually stunning development in Quebec’s capital city is specially designed so homeowners can rent with support from specialized concierge and maintenance services. All investors who are fans of the Airbnb model should keep an eye on the private presale on condosLB9.ca.”
Amenities throughout the property will include a deli, café, restaurants, convenience store, salon, pharmacy and a medical clinic. There will also be an indoor pool and a gym, a lounge area, a greenhouse for residents, an outdoor fire pit and a barbeque.
Quebec City has been attempting to adapt to the emerging short-term rental property market. The Condos LB9 development received approval because future owners of the units will pay the necessary taxes in compliance with municipal laws.