1. Condos

Condos are among the most popular options in central Montreal, especially for first-time buyers and professionals.

Pros

• Low maintenance, since exterior and common areas are handled by the building

• Great locations near transit, cafés, universities and services

• Amenities in many buildings such as gyms, pools or rooftops

• More affordable entry price compared to houses

Cons

• Monthly condo fees

• Building rules and restrictions

• Limited outdoor space

• Less privacy than a house

Best for: first-time buyers, students, professionals, downsizers.

2. Single-Family Homes (Cottages and Bungalows)

These properties offer more privacy and space, making them ideal for families.

Pros

• Full ownership and control of the property

• Larger interior layouts

• Private yard for children, pets and gatherings

• Often located in quiet, family-friendly neighbourhoods

Cons

• Higher maintenance costs

• Generally more expensive than condos

• Often farther from downtown and major transit hubs

Best for: families, long-term homeowners, buyers wanting more space.

3. Duplexes, Triplexes and Multiplexes (Plexes)

Montreal is well-known for its iconic plexes, which offer great investment potential.

Pros

• Rental income to offset mortgage payments

• Strong long-term appreciation

• Possibility to live in one unit and rent the others

• High demand from tenants

Cons

• Landlord responsibilities and tenant management

• Buildings may be older and require updates

• Tenant laws in Quebec limit rent increases

• Higher purchase price than condos

Best for: investors, owner-occupants, multi-generational families.

4. Townhouses

Townhouses combine elements of condo living with the space of a home.

Pros

• More space than a condo

• Lower maintenance than a detached home

• Many include garages or private terraces

• Often modern and energy-efficient

Cons

• May still have HOA fees

• Shared walls with neighbours

• Limited yard space

Best for: couples, growing families, professionals seeking more space without high maintenance.

5. New Construction Homes and Condos

Montreal continues to grow, with new developments in areas like Griffintown, Brossard, Laval and the West Island.

Pros

• Brand-new materials and systems

• Builder warranties for peace of mind

• Highly energy-efficient designs

• Customization options during pre-construction

Cons

• Possible construction delays

• Smaller layouts compared to older buildings

• Taxes such as GST and QST apply to new builds

• Higher prices in trendy locations

Best for: buyers wanting modern living with minimal short-term repairs.

6. Heritage and Century Homes

Montreal’s architectural history shines in neighbourhoods like Westmount, Outremont and the Plateau.

Pros

• Unique charm and architectural detail

• High ceilings, original woodwork and historic character

• Prestigious addresses

• Great resale appeal

Cons

• Higher maintenance costs

• Upgrades can be expensive

• Restrictions in heritage-designated zones

• Lower energy efficiency

Best for: buyers who value character, charm and one-of-a-kind homes.

Choosing the Right Property Type in Montreal

Each property type offers a different lifestyle and financial profile. To decide, consider:

• How much maintenance you’re comfortable with

• Whether you want rental income

• How important location is compared to space

• Your long-term financial and lifestyle goals

Montreal has something for every type of buyer. The key is understanding what aligns best with your needs.

Looking to Buy or Sell in Montreal?

If you want guidance tailored to your goals, I’d be happy to help you navigate the market and find the right property type for your lifestyle.

Contact:
bianca@musto.ca
514-659-0881