Are you on a tight budget, but still want to move into a new property? Here are the most affordable boroughs and neighborhoods in Montreal and their respective attractions.
1. Montreal-North
The positive points: its parks, its quietness, its proximity to Ahuntsic, its beautiful streets.
Why it's less expensive: its location less close to the central districts, far from the metro lines, its old reputation as a "less safe" neighborhood.
The broker's opinion: "The neighborhood has had a bad reputation in the past because of repeated violence. That's in the past. There are nice quiet streets, nice lots and nice parks. A good choice, much less expensive than its neighboring neighborhood, Ahuntsic." - Geneviève Langevin, real estate broker, Royal LePage Altitude.
Preferred areas:
Between Audoin and Saint-Vital (east-west) and between Gouin and Fleury (north-south), it's like living in Ahuntsic without paying Ahuntsic prices. It's really close and public transportation is accessible, as are the shops.
Also between Saint-Vital and Balzac (east-west) and Henri-Bourassa and Gouin (north-south), it's quiet and really close to the waterfront and bike paths, as well as being very close to the future BRT on Pie-IX.
Median price (last 12 months)
- Single family: $415,000
- Condominium: $285,000
2. East of the island
The positives: its country feel (even though it's in the city), its serene atmosphere, its proximity to the water, its very family-oriented homes, its affordability, its new waterfront developments.
Why it's cheap: its proximity to the eastern refineries and the fact that this area is less well served by public transportation.
The broker's opinion: "People will turn to this place with the rise in prices in other areas, but again, it's mostly by compromise," Geneviève Langevin, real estate broker at Royal Lepage Altitude. "It is still a nice family area that should not be neglected" - Nicolas Montmorency, real estate broker, Via Capitale Distinction.
The preferred sector: near Vieux-Pointe-aux-Trembles, more precisely near Saint-Jean-Baptiste Boulevard; a revitalization project and real estate projects are underway.
Median price (last 12 months)
- Single-family home: $445,000
- Condominium: $272,500
3. Anjou-Saint-Léonard
The positives: access to highways 25 and 40, quiet streets, numerous parks, proximity to the Galeries d'Anjou, abundance of single-family homes, good public transportation.
Why it's cheap: Its distance from downtown and lack of awareness of the area keep demand down.
The broker's opinion: "It's a family neighborhood, but rather lacking in small stores. It will suit a family that prioritizes having space, a lot in particular, and that plans to travel. It's a more Laval [or suburban] life, let's say." - Geneviève Langevin, real estate broker, Royal LePage.
Preferred areas:
Jarry Street, between Viau Boulevard and Langelier Boulevard. New condo projects are proliferating there. The extension of the blue line will make the sector even more attractive.
Boulevard des Galeries d'Anjou, from Beaubien going north, to Highway 40 and Langelier. The extension of the blue line into this area will provide greater accessibility to the central neighbourhoods. And new metro stations will bring new businesses to the area, which will revitalize the area and boost property prices.
Median price (last 12 months)
- Single family: $610,000
- Condominium: $338,870
4. Mercier-Hochelaga-Maisonneuve
The positive points: its rather central location, the historical character of the buildings, its diversity of properties (lofts, condos, plexes), its commercial streets (Promenade Ontario), its small boutiques, its bistros.
Why it's not expensive: some corners are more disadvantaged, which makes some buyers hesitate.
The broker's opinion: "It is a sector that will continue to develop, and where there is transportation. It gains to be known. You either like it or you don't." Geneviève Langevin, real estate broker, Royal LePage Altitude.
"There is really a buzz about this area" - Nicolas Montmorency, real estate broker, Via Capitale Dinstinction.
The sector of choice: Tétreaultville, south of Sherbrooke. For its affordable prices and its proximity to downtown. There are beautiful commercial arteries, small businesses, many resident cooperatives and a new building complex under construction.
Median price (last 12 months)
- Single family: $520,000
- Condominium: $355,000
5. Villeray-Saint-Michel-Parc-Extension
The positive points: its green spaces, its accessibility, its interesting commercial streets, its proximity to the metro, its small terraces, its restaurants and its lively neighbourhood life.
Why it's less expensive: its proximity to more disadvantaged or residential areas (without neighborhood life).
Broker's Opinion: "This is a neighbourhood that will increase in value" - Geneviève Langevin, real estate broker, Royal LePage Altitude.
The area of choice: Parc-Extension, west of de l'Acadie Boulevard. There are many local businesses, including small neighborhood restaurants.
Median price (last 12 months)
- Single-family home: $617,000
- Condominium: $388,870
Source : Article by Gabrielle Morin-Lefebvre on the website journalmetro.com on the 28th January of 2022
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