Owning a Le SE7T condo unit is a secure and profitable investment. Montreal has an extremely low vacancy rate at 2.8%. A study of the Griffintown rental market, particularly for dwellings that offer comfort and services, indicates a rental price of approximately $2.50 per square foot plus a premium ranging from $300 to $500 for units with balconies. Based on this study of a market that remains active in residential condo rentals, we believe that very attractive pre-capital appreciation returns on investment between 10% and 15% can achieved for Canadian residents and 7.5% to 9.5% for non-residents.
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