All you need to know about the Griffintown Real Estate Market

Demographique

Griffintown has been a rapidly and successfully developing area for new homeowners. Griffintown invested in a $219-million project to breathe new life into the city. Young professionals and families, in particular, have moved into the area, which helped the city form a lively and kind neighborhood. The population has increased by over 642% since 2011, and it’s no surprise since Griffintown continues to help its community strive.

 

Geography

It’s well-known that Montreal is one of the most active real estate markets, and Griffintown continues to flourish alongside Montreal as it remains in an attractive geographic location. Bonaventure Expressway and Notre Dame are nearby, and it’s even close to other neighborhoods such as St. Henri, Golden Square Mile, and Little Burgundy, which are highly sought after. You can head to Old Montreal in the east, Atwater market in the west, Downtown in the north, and Bassins du Havre and Lachine Canal in the south.

 

Top location

Those looking for real estate in Griffintown primarily search for condos because of how close other businesses are to them. You’re practically in arms reach to gather all your necessities. There are plenty of grocery stores, boutique stores, restaurants and bars, pharmacies, and gym and yoga studios. There’s no need for residents to drive to get what they need. Instead, they can enjoy scenic views of the city while running their errands.

However, there is no metro station in the area–Georges Vanier is the closest stop. As an alternative, you can ride the STM buses that run extensively around the neighborhood. The Lachine Canal is also available for those who prefer biking or walking to work.

 

Griffintown Real Estate

The average price of condos in Griffintown cost around $393,000 as of 2019. The list below includes more information on Griffintown’s real estate market:

  • 2,055 occupied private homes
  • 0 single-detached houses
  • 1,270 apartment buildings with five or more stories
  • 575 apartments with less than five stories
  • 16 movable dwellings and 785 other homes
  • 5 semi-detached houses
  • 200 row houses
  • 5 duplex apartments
  • 5 single-attached houses

If you have any questions or want to learn more about the real estate in Griffintown, let’s get in touch!

 

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