Lachine Real Estate

Are you looking for an investment property? Where do you look? Have you thought of Lachine, Quebec

?
In the last 6 years quite a bit has happened. The Lachine Canal got an 100 million dollar face lift. The Lachine market is now a rival to the Atwater, and continuously growing. The East part of Lachine is quickly being bought up and renovated, so the “less actractive” part of town is getting a face lift. And on September 10, 2007, there was a position paper from Lachine requesting the return of streetcars.

“Now famous for the quality and diversity of its cultural activities, its wealth of historical heritage, the beauty of its parks, the cleanliness of its streets and its dynamic community life, Lachine has become a choice destination for entertainment and residence alike.”

“Rents and property prices are going up and now they are building a road to connect Victoria Street to Ville St-Pierre in which will allow an express bus to finally make things easier for people relying on public transport.
 

Facts about Lachine

  • Population 40,000
  • Lachine Canal opened in 1825 and closed again in 1970, only to reopen again in 2002
  • The borough is located in the southwest portion of the island of Montreal
  • 65% speak French, 25% English, and 10% other
    		•

    Real Estate Facts
    Between Sept 2006 – Sept 2007:

  • The average house price sold for $248, 641, there were 175 sold during that time
  • The average duplex price sold for $263, 645, there were 78 sold during that time
  • The average triplex price sold for $258, 642, there were 24 sold during that time
  • The average 4plex price sold for $305, 333, there were 9 sold during that time
  • The average 5plex price sold for $337, 250, there were 4 sold during that time


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    I wrote this article because I love real estate. If you would you like me to work for you, call me 514-402-8444 or EMAIL ME

    This entry was posted on Tuesday, September 25th, 2007 at 10:24 am and is filed under Home Buying, Real Estate Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

    1 Comment »

    Comment by Emre Agrasoy

    I definitely share the same opinion of Lachine. We just bought a cottage on the 40th avenue. We are now considering buying a duplex to rent out. It is like a heaven in Montreal with its marina, historical heritage, beautiful waterfront, trendy restaurants, market place and millions of parks.

    Posted on October 7, 2009 at 8:14 pm

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