So you’ve probably noticed that Montreal is becoming quite the condo city. It seems like everywhere you look, a new development is going up on every corner. Each one offers a unique set of pros and cons, making choosing the right condo a difficult task. There’s no doubt, buying a condo is a big investment, so it’s important to carefully evaluate your options so you can make the right decision that not only offers you the perfect home, but also pays off down the road. If you're not ready to buy just yet, there are also rental options that provide all the same benefits of that condo life, without the long-term commitment. We decided to reached out to some of the city’s best developers to get the inside scoop on the top properties in Montreal on the market right now.
Strategically located right next to the Lachine Marina and LaSalle train station, Highlands offers all the conveniences of the city but with all the nature of the Canal. Consisting of two three-storey buildings with mezzanine, interior garage, elevator, gardening areas as well as a large common rooftop terrace, Highlands offers very competitive pricing for value as well as almost 100% of the units are admissible to Montreal’s first-time home buyer subsidies. Meaning first-time buyers receive a cheque from the city of 2,250$ to 6,250$, which can help pay for half or all of your down-payment.
This is a great opportunity if you're tired of giving away your money to a landlord, since monthly costs are equivalent to most rents, and LaSalle has got great potential for long-term investment. For example, a 1-bedroom condo starts 185,900$ including taxes and parking, but after everything is calculated with taxes, condo fees etc, that's $963 per month for a brand new condo. And when you decided to move on, you can then be your own landlord and rent out your condo for some additional income.
2. YUL Condominiums
One of the most impressive and largest developments in the city, YUL consists of two “shifted block” towers rising 38 storeys high, each counting 400 units. Located on René-Lévesque Boulevard, between Mackay and Bishop streets, you are within walking distance of pretty much everything the city has to offer including great restaurants, major shopping centers, universities, the Museum of Fine Arts and the Underground City. When you need to escape some of the hustle and bustle, YUL is the only project in downtown Montreal with its own 23,000 sq.ft. private garden, where residents can relax or take a walk away from the concrete jungle. Inside, Milanese designer Armani Casa has created intimate spaces, both comfortable and sophisticated throughout the main lobby, the Coffee Lounge, the common room, the pool area and the very special Sky Lounge.
3. Le Nuovo
Perfectly blending innovative design with the very best in urban luxury, Le Nuovo offers high-end condos for rent in one of Montreal`s most vibrant neighbourhoods. Located on the cusp of Villeray and Little Italy, developer "Bralexo" designed Le Nuovo to reflect the area`s character and history, using the finest materials to create a truly unique environment. Built over 7 floors, Le Nuovo features 4 distinct styles (Urban, Classic, Zen, Penthouse) and every unit is fully customizable so you can choose the vibe that suits you best. You`ll also find cutting-edge technology, with a focus on green living, eco-friendly design and even charging stations for electric or hybrid vehicles available in the building’s underground parking (a rarity in Montreal!). Le Nuovo gives people the chance to live in a brand new building without the financial strain and hassles of purchase. No need to deal with all the property taxes, condo fees & paying a real estate agent commission; live in your own luxury condo for a fraction of the cost and move out whenever you're ready.
Developed by the award-winning Magil-Laurentian firm, XACT Condos offers exceptional style and luxury with some of the most affordable prices in the city. With its ideal location on the corner of Rue Du Fort in Shaughnessy Village, XACT is walking distance to Concordia University, College LaSalle, Atwater and Guy-Concordia metro stations, and numerous services. But it's really what's inside that makes XACT truly remarkable. Units come fully-equipped with high-end kitchen appliances, incredible views of the city and impeccable attention to detail.
Premium building amenities include a 2,000 sq. ft. state-of-the-art gym over looking the bustling Sainte-Catherine Street below, a sleek 14-foot-high lobby, and an intimate, furnished rooftop terrace with stunning views of the Montreal skyline. Units range from 405 to 1,180 sq.ft., can be fully-furnished, and feature the best in high-tech convenience including "Control4" wireless home automation system to control sound, lighting, temperature, security access and more right from your personal device. XACT Condos are currently offering a great summer promotion too, if you just so happen to be looking to move in now.
5. The C-Lofts
The brand-new C-Lofts residence is the ideal spot for students and young professionals looking for that urban lifestyle, but that are not quite ready to buy. Located on the corner of de la Concorde and Bleury, C-Loft units are strictly for rent and put you mere steps from the bustling Quartier des spectacles as well as minutes away from McGill University, Concordia University and UQAM. Residents have exclusive access to the grand indoor pool and sauna, the fully-equipped gym, the library, and Cinema Room. Plus, unlike most buildings, central air conditioning, heating, electricity and hot water are all included, which is great news for your budget.
6. Opus V
Phase V of the inviting Opus project offers affordable and accessible condo living in Lasalle's dynamic Quartier Angrignon. With its clean, urban design, Opus condo units are completely customizable to suit your lifestyle and amazing building amenities including a state-of-the-art exercise room, a multi-purpose recreation room, an indoor swimming pool with spa and sauna make satisfying your active lifestyle easy. It's unique location puts you close to all the conveniences of the city with easy access to the Angrignon metro, STM bus terminal, and the very popular Carrefour Angrignon shopping mall for great shopping and entertainment, but also find yourself surrounded by nature with massive Angrignon park and the Lachine Canal at your doorstep. It's the best of both worlds!