It's now official that the Montreal's STM Blue Line is getting an extension that will serve huge parts of the northern and northeastern parts of the island. Of course, Pointe-aux-Trembles will have to keep waiting for their subway service, but residents in Saint-Leonard can get excited that they won't be schlepping on the 193 bus from now until eternity. We decided to take a look at the real estate situation in that Montreal area to find properties that are only going to appreciate in value as the Blue Line extension comes into fruition.
I was surprised to find that, unlike some areas in Montreal, this region is not entirely made up of "cheap" finds. In fact, there are a couple properties on this list that are dancing frighteningly close to the million-dollar mark.
Many of these seem to be beautifully renovated on the inside, which likely explains the steep price point.
Others are more reasonably priced and look like perfectly adorable starter homes or condos made for a couple.
So, if you're intrigued by Saint-Leonard, New Rosemont, Little Maghreb or any other little spots where the Blue Line will soon reach, take a look at these Montreal homes for sale right now that are only going to go up in price.
The STM's plan for the Blue Line extension is set to have a submitted business case by this year, where they will then hold a public consultation process to "obtain by-law urban planning rules."
By this spring, "preparatory work on certain sites" will begin. Below is a map from the STM that indicates the approximate locations where they plan to build the new Blue Line stations.