A long-time magnet for culture enthusiasts, Montréal has all the markings of a world-class city, including an exceptional dining scene, a growing tech scene, beautiful historic neighbourhoods, a glittering canal, and a unique cultural heritage. Throw in great private schools and McGill University and you’ve got an exceptionally liveable Canadian metropolis.
And it’s only getting better. New condos and beautifully sleek loft spaces add sophisticated abodes for city-dwellers, while huge lots, waterfront houses, natural surroundings, and new transportation infrastructure makes luxury living a breeze just outside the city centre.
Experts have been quietly betting on this area for years, and the south-side jewel of Montréal is finally filling out its promise, with plenty of room to grow. In 2016, the price of a single-family home in the Sud-Ouest bureau saw a market increase of 18%, among the highest in the Greater Montréal Area. This once industrial working class neighbourhood along the Lachine Canal is now a magnet for condo developers, restaurateurs, and young urbanites looking to capitalize on its centrally-located waterfront properties.
Still cheaper than the neighbouring Old Port and Downtown, the Sud-Ouest borough offers amenities such as local parks (like the new Parc du Bassin-à-Gravier), the Atwater Market with its farm-fresh offerings and gourmet cheeses, and plenty of the city’s hippest restaurants, like Joe Beef, which landed a place on the World’s 100 Best Restaurants list in 2015.
Its location can’t be beat. Downtown Montréal is within walking distance to the north-east, and the Old Port is just down the waterfront. The new crop of condos offer contemporary design, LEED certifications, high-end amenities, and more.
The grown-up cousin just steps from Mile End, the art-industrial stretch of hopping Blvd. St-Laurent, Mile-Ex has undergone a quick and dramatic transformation over a few years. Once a no-man’s land of empty lots, factory buildings, and modest houses, the area has sprung up with large luxury lofts, tech offices (Hopper, Ubisoft, and Lightspeed are in the area), and new modern condos. And for good reason: it’s a world-class restaurant district, with the likes of the New York Times and Vogue singing the praises of such local eateries as Manitoba, le Ballpark, and Dinette Triple Crown.
As well, Little Italy and the resplendent Jean Talon Market are a short walk to the east, and the sprawling Jarry Park to the northwest. A perfect new home for upwardly mobile millennials and artistically minded gourmands, Mile Ex is positioned to be the centre of the Montréal scene in upcoming years.
While prospective homebuyers might not consider L’Île Perrot, the island just west of Montréal, a hot destination, it certainly appears that this quiet residential sprawl is on the up and up.
With huge lots, including some by the waterfront, at a fraction of what one might find even a few miles east, Notre-Dame-de-L’Île-Perrot is positioned to be a real draw for families moving out of the city. That’s why it topped the Montréal Neighbourhood Rankings from Moneysense, which factored in area, average price, value, and momentum in its rankings. And with plenty of quality French and English schools nearby, convenient transit to the downtown core, golf courses, unique natural surroundings, and a town council intent on boosting commercial potential along the area’s major thoroughfares, Île-Perrot is definitely one to watch in the coming years.
Located along the western edge of the Island of Montréal, Senneville is known for its gorgeous waterfront properties, large lots, and palatial heritage homes. For families seeking serious luxury with a village feel, Senneville boasts golf clubs, yachting, organic farms, and the Morgan Arboretum.
And while it has long established itself as a suburb of affluence, full of mansions and plenty of privacy, it’s about to open up. An 83-home real-estate development is already underway, which will boost its population by around 20%. Moreover, new projects such as a new town hall, extended residential streets, and a new light rail project with a terminus in nearby Sainte-Anne-de-Bellevue will find this quietly resplendent neighbourhood ripe for fresh new homeowners.
Ready to find your perfect Montréal home? Browse listings in these neighbourhoods and more.