5149 Rue Marquette, Apt. 38, Montreal.
5149 RUE MARQUETTE, APT. 38, MONTREAL
LISTING PRICE: $698,000
SELLING PRICE: $675,000
PREVIOUS SELLING PRICE: $335,000 (2007)
DAYS ON THE MARKET: 47
TAXES: $4,684
CONDO FEES: $2,736
LISTING AGENT: Karen Karpman, Sotheby's International Realty Québec
The Action: The unit was put on the market just before Christmas of 2017. It received a few visits early on, real estate agent Karen Karpman said. The area is "very hot. That's why I got a tremendous amount of phone calls," she said. There were two offers.
Would-be buyers liked the location, the big windows letting in lots of light, the sense of spaciousness and the high ceilings, Ms. Karpman said. "It's very bright." Another big plus is the fact that the condo was completely renovated after it was bought in 2007 by the woman who just sold it.
What They Got: This 1,400-square-foot, two-storey loft penthouse condominium is in a former industrial building that once housed everything from a meat-packing company to makers of steel wool and greeting cards.
The 1920s era structure was repurposed as a 28-condo-unit complex in 1989. The two-bedroom corner unit features 14-foot-high ceilings, generously sized windows, a fireplace, a 10-foot custom-made island in the kitchen and heated ceramic flooring and clawfoot bath in the bathroom.
It's located in the trendy "Petit Laurier" neighbourhood of the Plateau Mont-Royal. There are lots of shops and restaurants and a supermarket steps away on Laurier Avenue, as well as a big public park close by. You also get bragging rights to living in one of Montreal's most desirable, coolest districts.
The Agent's Take: The Plateau continues to be one of Montreal's top boroughs for residential property purchases, Ms. Karpman said. "The whole Plateau area exploded in the last 10 years, for sure. The prices have increased tremendously. It's an excellent market." But she also acknowledges: "It has become expensive." The nearby borough of Rosemont-La Petite-Patrie, across the train tracks to the north, is growing in popularity as a lower-priced alternative to the Plateau, she said.