It's located at the top of The Boulevard on Chemin de la Côte-des-Neiges, right across from the mountain and the Montreal General Hospital. If you've ever driven along Avenue Doctor Penfield or Rue Mcdougall, you'll surely recognize it because it looks a lot like a castle.
Both the exterior and interior of the unit are incredibly unique. The exterior features two terrasses that are probably bigger than your entire apartment — one is 1,619 square feet and the other is 1,315 square feet. The interior has ornate Versace-style frescoes painted by the Italian designer's own painter, according to the listing.
The terrasses and the condo's many large windows offer unobstructed panoramic views of Mount Royal, Outremont, Université de Montréal, Saint Joseph's Oratory, and the Olympic Stadium — along with amazing sunsets.
While the building has direct underground access to Midtown Le Sporting Club, you would have to pay extra for a membership — but, hey, if you're buying this place you clearly have a deep appreciation for the finer things in life so c'est la vie!
Description: This Versace penthouse is full of luxurious touches and extraordinary views. If you can't afford to buy it, maybe you can ask to move onto one of the terrasses because it's bound to be bigger than your whole apartment!
You Need An Income Over $100,000 To Afford An Average Montreal Home, ...
The Soviet Union was still a thing, Bob Gainey was captain of the Habs, and Michael Jackson was topping the charts the last time Montreal's real estate market was this out of control.
That's the message behind the National Bank of Canada's latest housing affordability report, released August 3, which says the city's home prices are climbing at their fastest pace in almost 40 years.
The report, "Housing affordability worsens by the most in 27 years in Q2 2021," found affordability decreased in all ten markets studied with Montreal home prices increasing 19.8% over the past year, a figure "surpassed only by Hamilton and Ottawa/Gatineau, and the highest annual growth since 1983 for the city."
The price of a representative non-condo home has reached $492,777 and one would need an annual household income of $100,489 to afford one (you'd also need to save for 42 months to come up with a down payment), according to National Bank.
Conversely, the price of a representative condo reached $356,443 and you'd need a household income of $72,688 for one of those.
The good news is Montreal remains more affordable than the average of the markets covered (especially compared to pricey Toronto and Vancouver), so there's that.