Old Montreal Real Estate Market 2026: Heritage Condos and Luxury Prices

Old Montreal is a market unto itself. Composed mostly of converted heritage buildings turned luxury condos, it follows rules different from the rest of the city.

Market Profile: Buyers and Prices

$750–$1,400/sq ft. Professional and international clientele. Average 35–55 days on market. Under $500K: 10–15 days. Above $900K: 60–90 days. Very few transactions per month.

Heritage Co-ownership Specifics

Century-old masonry walls with variable infiltration risk. Well-organized syndicates with substantial contingency funds. Heritage restrictions limit modifications. Always verify contingency fund balance.

Rental Profitability: The Real Calculation

Example: $650,000 condo (700 sq ft), rent $2,800/month, fees $700/month, mortgage ~$2,900/month = negative cash flow of $800/month. Patrimonial market, not investor market. Suits long-term buyers.