The West Island of Montreal has long been a desirable region for families, professionals, and retirees. However, in recent years, it has become increasingly attractive to real estate investors looking for lucrative opportunities. With a combination of strong economic growth, a range of property types, and emerging infrastructure projects, the West Island has positioned itself as one of the best areas to invest in real estate. Here’s why you should consider making a move to this part of Montreal’s metropolitan area.
1. Steady Growth in Property Values
The West Island has witnessed steady property value growth over the past decade. While some areas of Montreal have seen volatility, neighborhoods like Pointe-Claire, Beaconsfield, and Kirkland have consistently experienced strong demand. This upward trend is expected to continue, driven by factors such as a growing population, increasing desirability for suburban living, and infrastructure improvements. Real estate investors can expect their properties to appreciate in value, especially in neighborhoods where demand is expected to rise.
One of the main drivers of growth is families seeking suburban living with easy access to the city. West Island offers more space and a quieter environment compared to the more crowded downtown core, making it particularly attractive for those looking to relocate from the city. Additionally, the area has been home to established and growing businesses, offering more job opportunities for residents.
2. Diverse Range of Properties
Whether you’re interested in residential homes, condominiums, or rental properties, the West Island offers a diverse range of real estate options. West Island investors can choose from single-family homes, townhouses, duplexes, and apartment buildings, each catering to different target demographics.
For those looking to invest in single-family homes, there are many attractive neighborhoods with spacious properties that are ideal for families. Properties in Beaconsfield or Pierrefonds, for example, are highly sought after for their family-friendly environment, great schools, and abundant green spaces. These types of properties tend to appreciate in value and offer stable rental returns.
On the other hand, condominiums in areas like Pointe-Claire and Dorval cater to professionals and retirees looking for low-maintenance living. These properties have become particularly popular due to their proximity to public transport and amenities like shopping centers, making them highly attractive to renters. Investing in condos can provide steady cash flow, particularly with the high demand from people looking for easy-to-manage living spaces.
3. Proximity to the REM
One of the most exciting factors influencing estate is the ongoing development of the REM in the West Island (Réseau Express Métropolitain), an automated light rail system that will connect the West Island to downtown Montreal in under 30 minutes. This new transit line is expected to significantly increase the appeal of the West Island, making it even more accessible for those working in the city center.</p>
The REM will open up new opportunities for residents and West Island investors alike. Properties near the future REM stations are likely to see increased demand due to the convenience the transit system offers. Areas such as Kirkland, Pointe-Claire, and Dorval will be well-served by the REM. They will likely experience an increase in property values. West Island investors can look forward to both capital appreciation and strong rental demand as the infrastructure improves.
4. Appealing to Young Professionals and Families
West Island’s real estate market benefits from a wide range of potential buyers and renters. These range from young professionals to growing families. The region is known for its excellent schools, well-maintained parks, and safe neighborhoods, all of which are major selling points for families looking to settle down. In addition to these features, the West Island offers a wide selection of recreational activities, shopping centers, and dining options, making it an attractive place to live for people of all ages.</p>
For young professionals, West Island offers a quieter and more affordable alternative to downtown Montreal while still being close enough to enjoy city life. Many renters in the West Island are young professionals who prioritize access to the city but prefer a more suburban lifestyle with fewer distractions and more green space.</p>
5. Strong Rental Demand
For West Island investors looking to rent out properties, the area offers a robust rental market. The demand for rental properties in neighborhoods such as Dorval, Pointe-Claire, and Kirkland is high, particularly among families and professionals who prefer the area’s suburban feel but still need access to Montreal for work or leisure. The presence of key amenities, good schools, and excellent public transportation options makes the West Island a desirable place for renters.</p>
Moreover, with Montreal’s increasing population there is atrend of people leaving the city center in search of more affordable housing. With this the West Island stands out as an attractive option for renters. As such, landlords can expect consistent rental income from properties in these desirable areas.
Conclusion
The West Island is emerging as one of the best places to invest in real estate in Montreal. Not only because of its steady property value growth and diverse range of properties. But also the proximity to the upcoming REM transit line and strong rental demand. Whether you’re looking to invest in single-family homes, multi-unit buildings, or condos, the West Island offers a range of options to suit different investor goals. Contact Abbey & Olivier today to help with your investment process.
