Archive for November, 2009

The Montreal Condo for Rent Market

Monday, November 30th, 2009

Montreal condo rentals are a very large part of the Montreal real estate market. This makes buying a Montreal condo as an investment a great way to make money. A centrally located Montreal condo that is in good condition can be very easily rented out. A furnished Montreal condo in one of the centrally located luxury building projects can be rented out for short or long term and can fetch top dollar. Buyers are wise to look at these Montreal condo projects as serious investment opportunities. The rent that an investor can get on his Montreal condo can normally easily cover the mortgage payments as well as any extra costs. Since the value of a Montreal condo can go up by about three percent any given year, one can see that it makes a great investment.

A downtown condo or an Old Montreal condo make the best investments because of their high demand. Rentals are very sought out in downtown Old Montreal so it is not difficult for an investor to rent out his unit. There are currently four hundred and fifty one Montreal condo units for sale in this area. The boroughs in which these centrally located Montreal condo for sale are located include Le Plateau Mont royal, Le Sud Ouest, and Ville Marie.

The centrally located section of Le Plateau Mont Royal currently has fifty seven Montreal condo for sale. The prices start at $215000 and go to $1550000. The average price of these centrally located Plateau Mont Royal Montreal condo is $447925.

The centrally located section of Le Sud Ouest borough currently has twenty eight Montreal condo for sale on the market. The prices for these Montreal condo currently start at $189900 and go to $775000 at the top of the price range. The average price for these Sud Ouest Montreal condo is $346896.

The section of the Ville Marie borough that is centrally located, which included most of downtown as well as Old Montreal, currently has three hundred and sixty six Montreal condo for sale. The prices for these centrally located Montreal condo start at $129000 and go to $4250000. The current average price for one of these Montreal condo units is $525786.

If you need more information about any of theses great investment opportunities in the Montreal Condo market, please contact me and it will be my pleasure to help you out.

Outremont Homes for Sale in the Montreal Real Estate Market

Thursday, November 26th, 2009

Outremont is a beautiful and very sought after borough of the Montreal real estate market. It has a population of 22933 and its area of 3.86 km² makes it the smallest of Montreal’s boroughs within the Montreal real estate market. Outremont is home to a mostly Francophone and Hasidic Jew population.

From January to October of 2009, there were seventy Outremont homes for sale sold in the Montreal real estate market. These single family Outremont homes sold for an average price of $1104853. They stayed an average of eighty six days on the Montreal real estate market before they were sold.

Currently there are are total of seventeen single family Outremont homes for sale on the Montreal real estate market. The prices these Montreal real estate homes start at $729000 and go to $2999000 at the top of the price range. The average price for these single family Outremont homes for sale in the Montreal real estate market is $1416465.

The Outremont condo for sale is also an important part of the Montreal real estate market. From January to October of 2009, there were one hundred and fifty one Outremont condo sold in the Montreal real estate market. The average sale price of these Outremont condos was $369737 and they stayed an average of eighty days on the Montreal real estate market before selling.

There are currently fifty two Outremont condo for sale in the Montreal real estate market. The prices of theses Outremont condo for sale range from $159000 to $1169000. The average price of an Outremont condo for sale in the Montreal real estate market is currently $410315.

The Outremont borough of the Montreal real estate market also has a strong revenue property market. From January to October of 2009, there were eighteen Outremont revenue properties sold in the Montreal real estate market. These sales included six Outremont duplex, eight Outremont triplex, and one Outremont quadruplex. The average price of an Outremont duplex in the Montreal real estate market was $951833 while the average prices for a triplex and quadruplex were $666813 and $448000 respectively.

There are currently seven Outremont revenue properties for sale in the Montreal real estate market. There are four Outremont duplex for sale and their average price is $1014500.

The Outremont homes for sale in the Montreal real estate market are constantly changing. If you want to stay current with what is available, please contact me I will ensure that you are kept informed of new arrivals to the Montreal real estate market.

Downtown Montreal Condo Market

Monday, November 23rd, 2009

Downtown Montreal is the central business district of the city. The Downtown Montreal condo market is therefore extremely important and sought out by locals as well as business professionals from abroad.

There are currently thirty downtown Montreal condo up for sale. The prices for a downtown Montreal condo currently on the market start at $190000 and go to $808000. The current average price for a downtown Montreal condo is $372100.

In terms of rentals, there are currently thirty downtown Montreal condo up for rent. The rental prices for a downtown Montreal condo currently on the market start at $1100 per month and go to $4800 at the top of the price range. The current average rental price of a downtown Montreal condo for rent is $2342.

There are many great downtown Montreal condo buildings in this bustling section of the Montreal real estate market. However, a great downtown Montreal condo for sale does not usually stay on the market for very long. A nice downtown Montreal condo for rent does not stay on the market very long either. In order to be on top of the game and to buy or rent a really amazing downtown Montreal condo, one has to stay current with the new listings that arrive on the market. The best way to do this is to work with a knowledgeable real estate professional who has access to the new listings for downtown Montreal condo as they come on the market.

I can help you find that great downtown Montreal condo for sale. Just contact me with information about your price range and other specifics like the approximate size of the downtown Montreal condo you seek. Once you do, just sit back and let me do the rest. You will start receiving listings via e-mail very shortly and before you know it we will find you the perfect downtown Montreal condo. It is that easy. Contact me today.

NDG Homes for Sale in the Montreal Real Estate Market

Thursday, November 19th, 2009

Notre-Dame-de-Grâce or NDG homes for sale is a very important residential area of the Montreal real estate market. The NDG homes for sale area is a beautiful neighborhood with tree lined streets, great parks, and all the commercial services residents require. The NDG homes for sale section of the Montreal real estate market is a great option for families who want to remain relatively close to the city center.

From January to October 2009 there were one hundred and thirty seven single family NDG homes for sale sold in the Montreal real estate market. The average selling price was $471781 and on average, these NDG homes for sale sold in fifty one days.

In the current Montreal real estate market, there are thirty three NDG homes for sale. The price in this section of the Montreal real estate market currently starts at $319000 and goes to $1579000 at the top of the price range. The average price of these NDG homes for sale is $598236.

There are also often NDG homes for rent in the Montreal real estate market. Currently four NDG homes are available for rent. The prices go from $1800 per month to $5300 per month. The current average rental price of an NDG home in the Montreal real estate market is $3603.

NDG condos are also important in the NDG homes for sale market. From January to October 2009 there were two hundred and fifty eight NDG condos sold in the Montreal real estate market. The average selling price of these NDG condos was $304104 and on average, these NDG homes for sale sold in eighty eight days.

In the current Montreal real estate market, there are one hundred and six NDG condos for sale. The price range for these NDG condos for sale in the Montreal real estate market is from $119000 to $1299000. The average price of these NDG condos for sale is $340962.

Revenue properties make up an important part of the NDG homes for sale market. From January to October 2009 there were ninety seven NDG revenue properties sold in the Montreal real estate market. These include duplex, triplex, quadruplex, quintuplex, and even larger buildings. The NDG duplex, which is the largest segment, saw a total of eighty one sales for this period in the Montreal real estate market. The average NDG duplex sold for $422667 and was on the Montreal real estate market for sixty four days.

In the current Montreal real estate market, there are thirty NDG duplex for sale. The price range for these NDG duplex for sale in the Montreal real estate market is from $299000 at the bottom to $765000 at the top of the range. The average price of these NDG duplex for sale in the Montreal real estate market is $481609.

There are currently many possibilities for buyers in the NDG homes for sale market. If you are interested in obtaining more information about the NDG homes for sale sector of the Montreal real estate market, please do not hesitate to contact me.

Montreal Loft for Sale in the Montreal Condo Market

Monday, November 16th, 2009

A Montreal loft by definition is an adaptable open space either created or converted for residential use. There are many Montreal loft for sale in the current Montreal condo market. The Montreal loft was originally a large warehouse type space converted into residential space and popular amongst artists. However in today’s Montreal condo market, the term Montreal loft is loosely applied to include Montreal condo apartments that are built in former industrial buildings, regardless of the size of the unit. The term Montreal loft is also used to describe Montreal condo units in new building projects that have the usual loft features such as high ceilings, large widows, and open concept living spaces.

Old Montreal is practically synonymous with the Montreal loft when one looks at the Montreal condo market. In the current Montreal condo market, there are numerous Old Montreal loft for sale. The price for these Montreal condo go from $210000 and up. The average price for a Montreal loft for sale on the Montreal condo market about half a million dollars..

Pointe Saint Charles also has some Montreal loft for sale along the Lachine canal. The Redpath lofts building is a prime example of great Montreal loft for sale in the Montreal condo market. The Redpath Lofts are an amazing Montreal condo conversion project which include numerous residential lofts and a few commercial space. The buildings which make up the Redpath Lofts were once the site of the old Redpath sugar mill and city of Montreal has since designated the historic Redpath buildings as heritage buildings.These are truly some of the most beautiful Montreal loft for sale in the Montreal condo market. There are currently three Redpath lofts for sale in the Montreal loft for sale segment of the Montreal condo market. The prices start at $265000 and go to $750000 at the top of the price range.

The Montreal condo market has many other great Montreal loft for sale available. I will touch on others in future posts. If you want information on what is currently up for sale on the Montreal condo market just contact me and I will forward you the listings.

Montreal Condo Projects and New Montreal Condos for Sale

Friday, November 13th, 2009

There are are number of new Montreal condo projects currently underway in the central areas of the city. Starting west, there is currently a very nice Montreal condo project being constructed by the reputable Développements McGill. Square Benny brings you a green or eco-friendly Montreal condo project featuring “hybrid” living spaces.

The south west of the city also has a few new Montreal condo projects that are underway. In Saint Henri, there is a very affordable Montreal condo project on Ste-Marguerite which is situated near the Lachine Canal and the Atwater Market. South of there, in Pointe Saint Charles, there are also a few Montreal condo projects going up, namely one on Centre street and one on Shearer. As with other Montreal condo projects in Pointe Saint Charles, they remain very affordable options, especially considering their central location.

Old Montreal also has a new Montreal condo project going up, this time close to the water at the very start of rue Berri. There are 4 units in this Montreal condo project and all occupy entire floors of a 5 storey building. Old Montreal also has phase two of the contemporary M9 project for sale located on Prince street.

St-Alexandre street, steps from the downtown core and Old Montreal also has a Montreal condo project. The historic Wislon building is being revamped into gorgeous lofts. The 11 storey building will feature 94 units.

Slightly further east on St-Antoine but still very centrally located there is another Montreal condo project under construction. This SAMCON building project will feature 59 units starting at very affordable prices.

At the heart of the Quartier Latin is another wonderful Montreal condo project. Les Condos de L’Olympia on Ste-Catherine east feature high ceilings and panoramic windows.
The Plateau section of Montreal also has a few Montreal condo developments going up. An affordable project is underway on Saint Laurent near Pine featuring 10 units on 3 floors.
If you need more information on these or any other Montreal condo projects, please do not hesitate to contact me.

Montreal Homes For Sale in Westmount

Thursday, November 12th, 2009

In the Montreal homes for sale market, Westmount currently has a lot to offer. There are currently ninety two homes for sale in Westmount. The prices of these current Montreal homes for sale start at $595000 and go to $5975000 at the top of the price range. The average price of these Westmount homes for sale in the Montreal homes for sale market is $1799598.

There are not only homes for sale in the Westmount real estate market but rentals as well. Amongst the current Montreal homes for sale in Westmount there are eleven rentals available. The rental prices of these current Montreal homes for sale start at $2900 per month and go to $8500 per month at the top of the price range. The average rental price of these Westmount homes for rent in the Montreal homes for sale market is $4952.

Currently on the Montreal homes for sale market there are also a number of Westmount condos available. Amongst the current Montreal homes for sale market there are forty seven Westmount condos for sale. The prices of these Westmount condos for sale in the Montreal homes for sale market start at $189000 and go to $2500000. The average price of these Westmount condos for sale in the Montreal homes for sale market is $761191.

The Montreal homes for sale market also has Westmount condos for rent. There are currently sixty four Westmount condos for rent in the Montreal homes for sale market. The rental prices of these Westmount condos for rent available on the Montreal homes for sale market start at $800 per month and go to $5000 per month at the top of the price range. The average price of these Westmount condos for rent in the Montreal homes for sale market is $2123.

If you would like to receive a list of the current Montreal homes for sale in Westmount please do not hesitate to contact me. It will be my pleasure to help you out.

Old Montreal Lofts and Old Montreal Condos

Tuesday, November 10th, 2009

No area of Montreal is richer in architectural history than the neighbourhood called Old Montreal. It It is there stands the oldest building in the city, the Sulpician Seminary, built in 1684. Aside from its historical importance within Quebec and even Canada, Old Montreal is also an important part of the Montreal real estate market.

Old Montreal lofts for sale and Old Montreal condos for sale are very much sought after by the local population as well as people from abroad. There are older as well as new Old Montreal Condo projects being developed in the Montreal real estate market. In the current Montreal real estate market, there are one hundred and thirty seven Old Montreal condos for sale and Old Montreal lofts for sale. The prices range form $210000 to $6900000 for these Old Montreal properties currently available in the Montreal real estate market. These gives us an average price of $673893 for the Old Montreal Condos and Old Montreal lofts available in the Montreal real estate market.

There are also many Old Montreal lofts for rent and Old Montreal condos for rent in the Montreal real estate market. In total there are one hundred and twenty one Old Montreal condos for rent and Old Montreal lofts for rent in the Montreal real estate market. The prices range from $700 per month to $7000 per month for these Old Montreal rentals currently available in the Montreal real estate market. These give us an average rental price of $2646 for the Old Montreal Condos and Old Montreal lofts available in the Montreal real estate market.

Since January of 2009 there have been one hundred and twenty six Old Montreal condos and Old Montreal lofts sold in the Montreal real estate market. The average price has been $407505 and on average they have sold in 107 days.

The list of units for sale or rent that are Old Montreal condos and Old Montreal lofts is constantly changing. If you are interested in this section of the Montreal real estate market, please do not hesitate to contact me. It will be my pleasure to send you an updated Old Montreal real estate list and to help you find the perfect Old Montreal lofts or Old Montreal condos.

The Redpath Lofts

Friday, November 6th, 2009

Pointe Saint Charles, although typically being a working class neighborhood, has some important high end Montreal condo developments. These high end Montreal condo developments lie along rue Saint Patrick, which runs along the beautiful Lachine Canal. Amongst these Montreal condo developments are the Redpath Lofts.

The Redpath Lofts are a beautiful Montreal condo conversion project which include residential lofts and commercial space. The group of buildings which now comprise the Redpath Lofts were once home of the old Redpath sugar mill. The city of Montreal has designated the historic Redpath complex a building ensemble with heritage value. This Montreal condo project has allowed the former industrial Redpath mill to rise from the grave due to this impressive restoration. These Redpath Lofts are stunning, contemporary, open concept living spaces and a prime example of a first class Montreal condo development.

The Redpath Lofts offer all the amenities that you would expect from a luxury Montreal condo project. The Redpath Lofts include a heated swimming pool, fully equipped gymnasium, boat docks on the canal, and indoor parking. The amazing Redpaths Lofts Montreal condo development also has an interior heated parking garage. The Redpath Lofts also feature stunning items such as designer kitchens and bathrooms, 11 feet ceilings and large windows with incredible views of the city of Montreal.

In the Redpath Lofts, there are often opportunities to rent or purchase units. These Montreal condo units are in high demand so potential tenants or owners must be vigilant if they want to own a unit in the Redpath Lofts. Currently there are three Montreal condo units for sale in the Redpath Lofts. The prices range from $265000 to $559000. There are also two Redpath Lofts rental units available priced at $3000 and $5900 per month.

The list of Montreal condo opportunities in the Redpath Lofts is constantly changing. If you are interested please contact me directly and I will send you the latest list.

Inspection of Montreal Homes for Sale

Thursday, November 5th, 2009

OK. You looked at dozens of Montreal homes for sale and you finally made an offer. Your offer was accepted and now you must inspect your Montreal homes for sale. The first thing to do is to find a good Montreal homes for sale inspector. In doing so you must make sure that whoever you chose is insured. A Montreal homes for sale inspector without insurance is never a good choice since an inspector without insurance will often find faults in a home that has nothing wrong with it in order to protect himself. It may also a good idea, but not mandatory, that your Montreal homes for sale inspector be a member of the AIBQ. (a Quebec association of building inspectors)

Once you have chosen your Montreal homes for sale building inspector it is important to understand what he or she will look at. One of the things your Montreal homes for sale inspector will look at is the exterior of your house. He will look at the exterior walls for signs of structural or surface damage such as cracks. He will also want to inspect the roof of your Montreal homes for sale. A roof is very expensive to repair and therefore it is important that any Montreal homes for sale you purchase has a roof in good condition. If your inspection reveals an old roof that needs to be changed, you should negotiate it off the sale price. Your Montreal homes for sale inspector may also observe trees that grow close to the house in question. Root systems can often affect foundations for the worse.

A good Montreal homes for sale inspector will always pay special attention to the basement of a building. There he can see the condition of the foundation of the Montreal homes for sale as well as inspect plumbing and electrical work. In terms of electrical work, your Montreal homes for sale inspector will inspect the electrical panel as well as the wires that are connected to it. He or she will want to verify, in the case of older Montreal homes for sale, the type of electrical wiring that is connected to the panel. He will also check that switches throughout the Montreal homes for sale are working as they should and that electrical outlets are properly grounded.

In terms of plumbing, your Montreal homes for sale inspector will make sure there is adequate water pressure coming out of the taps and that the toilets are flushing properly. If you are looking at older Montreal homes for sale, it might also be a good idea to have the sewage pipe that runs from the house in question to the city checked out. This is done with the use of a remote camera system and usually will require that you hire a plumber and not a Montreal homes for sale inspector.

Your Montreal homes for sale inspector will also check many other things such as venting, doors, windows, and safety features of the house such as handrails and wired smoke alarms. You can be sure that at the end of the day, once the inspection is finally done, you will be confident about your purchase. Therein lies the importance of having all Montreal homes for sale properly inspected.