Solstice Montreal Condos
1020 Rue de la Montagne, Montreal, QC, Canada
Solstice Montreal Condos is a new pre-construction Condo project located next to the Bell Centre in downtown Montreal, located at 1020 de la Montaigne, The development By Investissement SM Immobilier and Les Entreprises QMD. The Project Including condos units, Step Bell Centre. Near Concordia University, McGill University and Universite de Montreal. Solstice Montreal Condos have 44 Stories and 330 Units.
Within Montreal’s $2 Billion Quad Windsor neighborhood sits Montreal’s most successful condominium development situated right across from Bell Centre –Solstice Montreal Condos
SUPERB DOWNTOWN LOCATION
Home to hockey’s greatest franchise, the Montreal Canadiens, the Bell Centre is located in the heart of the city, surrounded by the best shopping, dining, galleries, boutiques and nightlife. Several highways and bridges converge on the Bell Centre, including Highways 10, 20, 40; Champlain, Victoria, Jacques-Cartier and Mercier bridges and the pont-tunnel Louis-Hippolyte-La Fontaine. _e Bell Centre and now Tour Des Canadiens has a direct connection to Montreal’s Underground City which means the Metro, VIA Rail, Eaton Centre, McGill and the entire city are at your finger-tips within minutes! The Underground City (officially RÉSO or La Ville Souterraine) is one of the world’s largest underground pedestrian networks. It has more than 30 km of passageways linking to transit, 1,600 boutiques, 200 restaurants. 34 cinemas as well as numerous hotels, museums, galleries and more – with access to the Bell Centre and your new home at Tour Des Canadiens!
A STRONG FOUNDATION OF STABILITY AND GROWTH IN MONTREAL
Desjardins Group Economic Studies prepared a report in spring this year, suggested that Real Estate in the major Census Metropolitan Areas of Montreal Quebec and Gatineau reflects a strong and stable condominium market, statistically a ratio of 8 to 10 for every buyer. Dated back in May, the numbers of condos being sold have been significantly high. As demands in Quebec steadily grow, and meet existing supply of for sale condos; it is being projected that prices will more than likely continue to climb. Resale market has also reflected an increase in demand, especially single-family homes, semi-detached and townhouses. Quebec successful home sales for condo are 10% higher than Gatineau, which is equivalent to 25% of total condo home sales.
A TIGHT RENTAL CONDO MARKET IN MONTREAL
Another option aside from the resale market is the rental market. One of the reason why condos have gained a huge popularity as a sound investment, is due to having a peace of mind that it may generate a positive monthly cash flow via rentals according to the Canada Mortgage and Housing Corporation (CMHC). The condos available for rent in the Montreal CMA is a relatively low number (9.3%) in comparison to Toronto (22.2%) and Vancouver (25.7%). The downtown Montreal and Nuns’ Island shows otherwise, more than 20% condominiums are rentals. However, other areas of Montreal and Quebec shows below 10%. With such low vacancy rate within the CMA’s, points to the indication of how tight the rental market is.
Solstice Montreal Condos has near prefect a Walk Score of 98 out of 100. This location is in the Ville-Marie neighborhood in Montréal. Nearby parks include Place du Canada, Square Dorchester and Parc Campbell-Centre.