Investing in Montreal: What is the next trendy district ?

Another good video blog-post by McGill Real Estate Blog. Patrice Groleau explains the main differences between the East and West areas of Montreal, and why it is better to consider investing on the west side. Here is the video. Enjoy!

Condos for less than 100K?

Recently one of my readers asked me if there was still condos available for less than $100,000.
I don’t often come across properties within this price range, but for the sake of knowing what you can get for that price, I did a quick search and found that:

• Homes for less than 100k are often mobile homes.
• Condos are still available, but they are quite small and in need of major renovations.

The condos found under this criteria were mostly found on the east end (R.D.P/ P.A.T), some others in Ahuntsic and one in Côte-des-Neiges. Here is a compiled list of the properties available (PDF file), these properties are listed with different brokers.
Not all the properties have many images, but it gives you an idea of what you can get for that amount of money in today’s market.

Our team in the News: McGill Immobilier and the Montreal Condo Market

Échos Montréal, Old Montreal local paper, issued an article last month about new construction condos and the McGill Real Estate Team. The article discusses the Condo market in Montreal, and the facts that makes the condo market still a favorable choice for buyers.

If you don’t know about McGill Immobilier, we are a boutique agency that specializes in Marketing and Selling New Condo Projects. The first one of its kind in Montreal.

You can find a copy of the article in here. It’s written in French.

We had also a group shot that came out fabulous! Although not all of the agents were present, in this picture you can get to know then team a little.? The names are given at the bottom of the image. And they misspelled mine.

Can you guess where I am in the picture?

Old Montreal building: now for sale by the City of montreal

I’ve been following the progress on the new look of this building. First it was this abandoned front, then the make-up crew came into action, with a beautiful new cover .
Before I even got the chance to write about the airbrush design on the new cover of 22-26 Notre Dame ouest, there was a new sign on it.

“A vendre par appel d’offres publiques”

So now the city is taking offers for this building, or whatever is left of it.
I made a call to see what the starting bid was at, and what I got is the following info: Read more >>

Friday Morning Market News

photo: Deya Bautista

• Home building across Canada is expected to fall back this year by 25%. [Globe and Mail]
• In Montreal, resale home prices are not expected to drop as much as the rest of the country. [CEP News]
• Housing Projects in Montreal had a fantastic “Open house weekend” with 6682 visits in total. [La Presse]

East End Chronicles: Homes for sale by the Golf Course (Pointe-aux-Trembles)

The construction stopped but still there is a chance to get your hands on a property by the Golf Course. That’s right, there are two homes left for sale at the Pointe-aux-Trembles Golf Course Project.

You didn’t know there was a Golf Course up there? Well there is. The East end its not just about refineries and industrial space, you know. They have detached homes (and semi detached in the case), backyards facing parks and golf courses!!

The specs:

Asking Price: $219,900 + GST/QST
Property Type : Two or more storey semi detached
Bedrooms : 2
Bathrooms : 1
Interior Floor Space : 1200 sqft
Built in : 2007
Location : Pointe-aux-Trembles (East Montréal)
Available: Immediately
Listing Agent: Sheila Iacono!

Want a property by the Golf Course. You know what to do now folks, contact Sheila for more info.
And if it’s already sold by then, don’t worry, they still have another one just like it.

For more articles on homes for sale, join the Montreal Real Estate Blog

Seven Years Later, Still For Sale

As long as I can remember the area around Notre Dame Street and de la Montagne has been continually changing.
Fields were cleared up, condos were developed on the west, then on the east side, . Many years have gone by since all the construction began, and amazingly enough this guy still has his for sale sign.

If I am not mistaken, it has been about seven years, maybe even more, that this property has had that same old sign: FOR SALE OR FOR RENT.

Previously, they had tenants on the main floor. Now, they don’t even have that. The building looks empty, run down and abandoned.
Trying to get the scoop on the situation here, I made a few calls to the number posted. No luck. If it’s not busy, the answering machine picks up. So, what’s the deal here? Is it for sale or not? Is it available for rent?
Are they selling out to the next developer? I think that’s just it.

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