buttpirate
Well-known member
Well to be honest Griffintown 15 years ago was a collection of run down industrial buildings and some residential. Anyone who had forward vision had already bought something in PSC/ St Henri/ Little Burgundy as those areas had already inhabited forever. I do recall in the early 90s someone offered my father 2 lofts in that project next to Redpath which was one of the first conversions in Montreal (which was rundown and collapsed) as payment for a job. He refused.. He regrets it to this day but made out like a bandit in Plateau. Today you need some real deep pockets to pull off the same stuff vs the late 70s and 80s
My parents bought a triplex in gtown in 1999. 4 floors, top 2 floors one unit with roof terrace, separate building as garage in the backyard for a whopping 250k.
FFs you cant even get a 1 1/2 for 250k in gtown now.
As you said gtown was a wasteland back then, two hot dog spots and a couple antique shops on ndame and that was it. Hindsight is 20/20 but the growth seems so obvious now... since then psc, sthenri, little burgs, verdun already benefited from tremendous growth(cousin sold in verdun a month ago, listed 320k open house 5 days later, 18 offers same day, sold for 405k!!!, purchased for 150k 9 years prior and barely renovated)). I think there is still room to grown in hochelaga but the deep and systematic welfare, whoring and crackheads are stopping guys like me with a young family to make the move.
I think Lachine is next, logically low income will get priced out from Montreal gradually and they will all end up in st-jerome and lachute
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