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By Jennifer Lynn Walker<\/p>\n
I started to really take notice of Saint-Henri in 2003. In every real estate boom, there is always that one location in a particular neighbourhood that starts it all. From there, the market grows exponentially around it. By the time the Lachine Canal bike path was finally completed, and the rebirth of the Atwater market was well on its way, that year, 156 condos were sold in Saint-Henri, compared to 833 sold in just 10 months of 2018. This location became the center of the boom, that still continues to grow today.<\/span><\/p>\n The boundaries of Saint-Henri were established in 1879. It was bordered to the south by the Lachine Canal, to the east by Atwater Avenue, to the north by the escarpment behind Saint Antoine Street, and to the west by C\u00f4te-Saint-Paul Road.<\/span><\/p>\n Saint-Henri historically was a French-Canadian, Irish and black working class industrial neighbourhood, known as Les Tanneries, due to the leather tanning shops. Large industrial companies, back in the late 1800\u2019s and early 1900\u2019s, such as the Moseley and Ricker (rue St-Ambroise) and the Thomas Ecroyd industrial tanneries, <\/span>Dominion Textile Company (rue St-Ambroise, <\/span>RCA (rue Lenoir), William’s Sewing Machine (rue Saint-Jacques), and Canada Malting (<\/span>rue Saint-R\u00e9mi<\/span>), Imperial Tabaco (rue St-Antoine), have become today\u2019s condo.<\/span><\/p>\n Around 2008, when Le Plateau just got to be too expensive for new home buyers, I started to take notice of the influx of young people trying the Saint-Henri area out. At that time, a two bedroom condo, 2nd<\/span>\u00a0floor, with garage, would cost between $280-$330K.\u00a0 <\/span>Now the same condo would is a whopping $407-$435K. Is it still a great time to buy in this area?\u00a0 <\/span>Yes! Yes! Yes!\u00a0<\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row custom_padding=”0|0px|27px|0px|false|false” _builder_version=”3.19.18″ link_option_url=”https:\/\/www.montreal-realestate.ca\/english\/customized-property-search\/”][et_pb_column type=”4_4″ _builder_version=”3.0.47″][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2019\/03\/contact-me-for-properties-grey-red-1.jpg” _builder_version=”3.19.18″] Over the past three years, the town has grown more than ever. Trendy restaurants and boutiques are now stretched across all of Notre Dame, along with new bars and terraces. It wasn\u2019t that long ago that most were all tucked in and around Atwater. It\u2019s become quite a friendly neighbourhood town with young families playing at the twenty plus parks.<\/span><\/p>\n Over the last 8 years, whenever I started my meetings for my <\/span>Real Estate Investor\u2019s Group<\/a>,<\/span><\/strong> I would begin with a market update. On every occasion I would mention up and coming areas and would always refer to the niche areas of Saint-Henri that haven\u2019t quite developed yet.<\/span><\/p>\n <\/span><\/p>\n This is such a great investment strategy, especially in this area. Read more information about Turning Plexes Into Condos<\/a><\/strong>.<\/p>\n \n There are many different styles of buildings that are available. New and older condos, houses, multi-door buildings, such as duplexes and triplexes and of course if you are looking for a larger investment, there are commercial buildings. <\/span><\/p>\n The charm of Saint-Henri has been well kept. Exposed wood beam high ceilings, brick walls, vintage woodwork can all be found. The best thing about the area, is that you can walk everywhere, including to downtown. For quick transportation, there is also Lionel-Groulx and Place Saint-Henri metro stations, buses and in the summer, Bixi bikes to rent.<\/span><\/p>\n <\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.19.18″ custom_padding=”0|0px|8px|0px|false|false” link_option_url=”https:\/\/www.montreal-realestate.ca\/english\/customized-property-search\/”][et_pb_row custom_padding=”0|0px|27px|0px|false|false” _builder_version=”3.19.18″][et_pb_column type=”4_4″ _builder_version=”3.19.18″][et_pb_image src=”https:\/\/www.montreal-realestate.ca\/english\/wp-content\/uploads\/2019\/03\/contact-me-for-properties-grey-red-1.jpg” _builder_version=”3.19.18″][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.19.18″ custom_padding=”1px|0px|0|0px|false|false”][et_pb_row custom_padding=”0|0px|0|0px|false|false” _builder_version=”3.19.18″][et_pb_column type=”4_4″ _builder_version=”3.19.18″][et_pb_text _builder_version=”3.17″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]<\/p>\n Real estate experts all agree that the market is still on the upward turn. As well, I was at an event two weeks ago whereas Scott McGillivray from HGTV\u2019s Income Property, states that his experts are telling him that the market will continue to improve even up until 2024. I personally wouldn\u2019t hesitate to invest my money into that area.\u00a0 <\/span>I think it\u2019s one of the best investment areas in Montreal that still has plenty of room to grow.<\/span><\/p>\n As well, NDG is right next door. It’s an affluent area that has been growing and attracting investors for year. Being close to that type of neighbourhood is beneficial. The NDG Condo<\/a><\/strong> market is very strong, as well as housing and plexes.<\/span><\/p>\n That Saint-Henri, has its own song?\u00a0 <\/span><\/span>\u201cPlace St. Henri\u201d is the third track from the 1965 Oscar Peterson Trio album, \u201cCanadiana Suite\u201d from Polygram Records.<\/span><\/p>\n [\/et_pb_text][et_pb_text _builder_version=”3.19.18″][\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row custom_padding=”0|0px|27px|0px|false|false” _builder_version=”3.19.18″][et_pb_column type=”4_4″ _builder_version=”3.19.18″][et_pb_text _builder_version=”3.19.18″]<\/p>\nWhere is Saint-Henri?<\/b><\/span><\/h4>\n
Heritage buildings having a new life<\/b><\/span><\/h4>\n
\n[\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”3.17″][et_pb_column type=”4_4″ _builder_version=”3.0.47″][et_pb_text _builder_version=”3.19.18″]<\/p>\nShould I buy in Saint-Henri?<\/b><\/span><\/h4>\n
Turning plexes into condos<\/span><\/span><\/h3>\n
What is available now?<\/b><\/span><\/h4>\n
The market<\/b><\/span><\/h4>\n
Did you know:<\/b><\/span><\/h4>\n