Villeray/Saint-Michel/Parc-Extension is a diverse and vibrant district of Montreal, offering a rich cultural mosaic and a welcoming community. Let’s find out what this neighborhood has to offer potential buyers

Profile

• 140 000 inhabitants
• 44% immigrant population
• 57% francophone
• 49% of buildings made before 1960

Service

Villeray/Saint-Michel/Parc-Extension is one of the best served municipalities on Montreal Island. With large parks such as Jarry Park, Villeray Park and Frederick-Back Park, the municipality deserves its reputation as a green district. On the other hand, moving around the neighborhoods by public transport is relatively easy thanks to the many buses in circulation. Hosting a wide variety of levels of study (CPE to post-secondary), the municipality offers many options for families who want to settle there.

Real Estate Market

With prices below the average of the island of Montreal, buying a condo, a plex or a house is relatively affordable. Given the very old age of the majority of properties, being accompanied by a good inspector is a necessity!

• Medium price House : 600 000$
• Medium price Condo : 434 500$
• Medium price Plex: 715 000$

The rental real estate market in Villeray/Saint-Michel/Parc-Extension is more interesting for families with a modest income with an average rental lower than the average of the island of Montreal.

• Average rental of a studio : 658$
• Average rental of an apartment with 1 bedroom : 741$
• Average rental of an apartment with 2 bedrooms : 817$

For whom?

Given the profile of the population, the services and the cost of the property, I think that Villeray/Saint-Michel/Parc-Extension is better suited for the young family as well as the investor looking to start into real estate.

To receive a full report on the real estate activity in your neighborhood, I invite you to contact me!