Discover Griffintown in downtown Montreal, a prime destination for homeowners or those looking for a condo for sale!
Prepared by Dania Fawaz, Real Estate Broker
Griffintown, once an industrial hub, has blossomed into a vibrant urban community, making it one of the most dynamic neighborhoods in downtown Montreal. Its rapid development has turned it into a sought-after destination, offering many opportunities for homeowners, first-time real estate investors, and sellers alike.
Why choose Griffintown?
- Griffintown is within walking distance of the Lachine Canal, Old Montreal, the Quartier des Spectacles, McGill and Concordia universities, and Montreal's financial district.
- Griffintown is easily accessible thanks to the Bonaventure station, the REM, and bike paths, which are steps away.
- If you buy a condo for sale in Griffintown, what awaits you: living just minutes from your workplace and enjoying the vibrant life of downtown Montreal.
- If you have a penthouse for sale in Montreal Griffintown, rest assured that the demand is high, and the real estate market is dynamic, providing you with a great opportunity to sell your property.
- Griffintown is known for its luxury condos for sale, trendy lofts, and apartments with rooftop terraces.
- Griffintown's ideal location for professionals who can live close to their workplace without crossing bridges will excite and motivate potential buyers. It's also suitable for investors looking to buy a condo to rent out, adding to its appeal.
- If you're looking to invest in a condo in Griffintown and are a parent of university students, this is also the ideal location for a wise investment.
- What buyers are looking for: An urban lifestyle within walking distance of all amenities, a neighborhood atmosphere, and modern apartments.
- What sellers gain: Profitable rental properties, such as apartments in downtown Montreal, are always in demand.
- A condo for sale in Griffintown is also ideal for those seeking short-term rentals when permitted.
I’m Dania
Your residential real estate broker for buying or selling a condo in Griffintown
Whether you’re buying or selling a condo in Griffintown, I’m Dania, your trusted real estate broker.
Take action with confidence!
Griffintown Real Estate Market Trends
Median Prices and Selling Times (2020-2025)
| Year | Median Price | Selling time (days) |
|---|---|---|
| 2020 | 419 000 $ | 33 |
| 2021 | 421 000 $ | 37 |
| 2022 | 440 500 $ | 27 |
| 2023 | 435 000 $ | 31 |
| 2024 | 462 000 $ | 36 |
| 2025 | 475 000 $ | 40 |
Sources: Données Centris pour les condos à Griffintown (Le Sud-Ouest)
Number of Sales (2020–2025)
| Year | Number of Sales | Sale Price vs Asking Price (ratio) |
|---|---|---|
| 2020 | 720 | 98% |
| 2021 | 1 279 | 98% |
| 2022 | 1 207 | 98% |
| 2023 | 1 051 | 98% |
| 2024 | 1 139 | 98% |
| 2025 | 423 | 98% |
Sources: Données Centris pour les condos à Griffintown (Le Sud-Ouest)
Number of Active Listings
| Month | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Jan. | 225 | 607 | 390 | 374 | 432 | 599 |
| Feb. | 250 | 617 | 404 | 379 | 463 | 649 |
| Mar. | 250 | 613 | 417 | 425 | 571 | 774 |
| Apr. | 285 | 592 | 402 | 434 | 622 | 808 |
| May | 347 | 580 | 385 | 392 | 640 | |
| Jun. | 417 | 442 | 395 | 389 | 673 | |
| Jul. | 462 | 420 | 425 | 397 | 620 | |
| Aug. | 467 | 396 | 406 | 371 | 643 | |
| Sep. | 526 | 402 | 411 | 399 | 616 | |
| Oct. | 555 | 400 | 412 | 435 | 628 | |
| Nov. | 574 | 387 | 418 | 443 | 649 | |
| Dec. | 612 | 359 | 378 | 422 | 548 |
Sources: Données Centris pour les condos à Griffintown (Le Sud-Ouest)
Statistics Demonstrating Steady Growth
- The median price of a condo for sale in Griffintown on the resale market has been on a steady upward trajectory over the past five years. This consistent growth, especially as new construction is declining, instills confidence in the investment potential of Griffintown.
- The selling price/asking price ratio has remained stable at around 98% since 2020. This stability indicates that owners who list their condos for sale in Griffintown are consistently achieving their desired price, reassuring potential buyers and investors about the market’s reliability and encouraging them to consider Griffintown.
Number of Active Listings (2020-2025)
The number of condos for sale in downtown Griffintown is increasing significantly. This demonstrates that the neighborhood is booming and that buyers are still there.
- Early 2020: Approximately 225 to 250 monthly registrations
- 2021-2023: Between 370 and 620 monthly registrations
- 2024-2025: Significant increase with 599 to 808 registrations by early 2025
The Griffintown Experience: Art of Living, Culture, and Services
A Favorite Place for Foodies
- Popular Griffintown restaurants: Grinder, Foxy, Le Richmond, Makro, and Moretti.
- Cafés, fitness centers, beauty salons, and downtown boutiques await you.
- Atwater Market is just minutes away.
An Active Lifestyle
- Some Griffintown apartments offer a direct view of the Lachine Canal. Others are just minutes away, where you can jog, kayak, or cycle along the riverbanks.
- Urban parks offer peaceful havens: Peel Basin and Faubourg Sainte-Anne Park.
- All infrastructure is conducive to cycling and walking.
Griffintown: Resident Profile
Demographics and Lifestyle
- Griffintown is the ideal neighborhood for students, entrepreneurs, and urban professionals.
- Buyers include many young couples attracted by the modern condos for sale.
- More and more retirees, singles, and couples are selling their suburban homes and moving to Griffintown to live in downtown Montreal and enjoy the cultural scene. Condo living allows you to travel several months a year without worrying about property maintenance.
Investors: Non-resident owners looking for short- and long-term rentals
- Apartments for rent in downtown Montreal are in high demand.
- The profitability and steadily rising prices of condos in Griffintown make it an attractive choice for investors.
Advice for Buyers and Sellers
For Buyers:
- Carefully prepare your finances and prioritize the space and features essential to you. After viewing the condo, you’ll quickly be impressed by the condo’s appeal.
For Sellers:
- Highlight your condo for sale and target your marketing to attract the right buyers.
- You must carefully consider the asking price for your condo, and its features must be highlighted, given the large number of condos for sale in Griffintown.
Need a real estate broker in Griffintown?
Whether you’re looking to buy, sell, or invest in this dynamic neighborhood, I’m your real estate broker in Griffintown:
- Personalized consultation tailored to your real estate project
- In-depth knowledge of Griffintown and its unique features
- Personalized support to maximize your investment