December 2024 Radium Hot Springs Draft OCP Presentation - Flipbook - Page 54
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5.2 SHORT-TERM RENTALS
INTRODUCTION
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The Village has always been a tourist
destination and will continue to build and
maintain its status as a destination for tourists
from around the world. Short-Term Rentals have
a role to play in serving vacationers with unique
overnight accommodations.
However, Short-Term Rentals should not
take away the opportunity for housing for
permanent residents or contribute to dramatic
rises in housing prices and rents. Regulating
Short-Term Rentals is an opportunity for the
Village to:
a. Achieve its vision of being a community
with a high proportion of full-time
residents;
b. Reduce community con昀氀ict by
enabling Short-Term Rentals into more
appropriate areas (Downtown, Highway
93); and
c. Enhancing the prospect of new
Downtown and Highway 93
investment with inclusion of ShortTerm Rental provision as a product
diversi昀椀cation opportunity.
The Village understands Short-Term Rentals
as commercial enterprises and thus will direct
them towards commercially designated
and zoned land in the Village. Furthermore,
locating Short-Term Rentals into commercial
areas allows existing residential areas to return
to their normal neighbourhood feel, adding
certainty to the long-term housing market in
Radium Hot Springs.
manages the rental.
OBJECTIVES
Objective 58: To meet the Village’s
housing needs as
outlined in its Housing
Needs Report.
Objective 59: To direct Short-Term Rentals
to appropriate commercial
areas within the Village.
Objective 60: To deepen investment
attraction value proposition by
enabling Short-Term Rentals in
the development mix.
POLICIES
5.2.1.
Short-Term Rentals shall require a
Business License to be renewed
yearly in compliance with the Village’s
Business License Bylaw.
5.2.2.
The Village shall ensure the Business
License Bylaw is kept up-to-date and
aligns with the Village’s Zoning Bylaw
and Of昀椀cial Community Plan.
5.2.3.
STVR-Major will be permitted under the
following conditions:
a) The property is located in a permitted
area for STVR-Major as shown on
Map 4: Stand-Alone Short-Term
Rental Areas
b) The property has an approved and
current Business License for an STVR
major.
5.2.4.
This Plan de昀椀nes two types of
Short-Term Rentals:
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a. STVR-Major means stand-alone rentals,
where an owner/operator or long-term
tenant does not live on the property.
b. STVR-Minor means a resident-occupied
property, where an owner or longterm tenant lives on the property and
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VILLAGE OF RADIUM HOT SPRINGS Official Community Plan
STVR-Minor will be permitted
in residential areas under the
following conditions:
a) The STVR is located within a second
unit on the property (e.g. secondary
suite, detached garden suite or
garage suite);
b) An owner or long-term tenant resides
on the property the majority of
the time;
