Old Montreal Real Estate

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Cobblestone streets in Old Montreal are a great place to take a walk as you enjoy the old-fashioned atmosphere from centuries-old buildings that still stand and are well-preserved. Despite its historical characteristics, Old Montreal is nowadays enjoying a great deal of renovation and this area has some of the most desirable locations for real estate developments. Commercial activities from new stores and restaurants are cramming the streets, and some old abandoned buildings are being transformed into condominiums. When old commercial structures are given new life as condominium buildings, people from other neighborhoods start pouring into the area. Within about the last 10 years, population has increased from 5,000 to 50,000; that is a thousand percent of increase in only a decade. Because real estate development is still an on-going process in Old Montreal, all those new residential areas will be such important parts to raise the old district’s profile. It will be no longer a neighborhood where everything is about history, because new residential areas also open great opportunities for new business. Property values in Old Montreal are rocketing now and this trend will not likely to change in the foreseeable future. Besides development of private buildings, new municipal projects are under way. The Old Port has transformed into an urban beach with many recreational areas and public facilities. Old warehouses are also turning into condominium buildings that offer excellent views across the neighborhood and waterfront. The future of Old Montreal is getting more promising with the reconstruction of Bonaventure Expressway as part of $175 millions Montreal major plan. When the project is completed in 2025, integration between Old Montreal, Downtown Montreal, and Griffintown will finally come true. One thing that truly separates Old Montreal from any other place in Canada or even the entire North America is the area’s characteristics that resembles old European atmosphere although new projects are invading. There is no other place in North America that brings you to the old world of Europe in the same way that Old Montreal does. Real estate in Old Montreal is now a major opportunity for property investor or any individual who yearns for the perfect combination between old and modern world. When you finally decide to engage in the market for a condo in Old Montreal, please don’t hesitate to call McGill Immobilier, one of the biggest real estate agencies in Quebec, Canada.