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Hospitality Properties for Sale in Montréal
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Hospitality Property For Sale in Montréal
Montreal, renowned for its bilingual charm and rich history, is the second largest city in Canada and an influential player in the country's economy. Strategically located, it lies 196 km east of the Canadian capital Ottawa and 258 km southwest of Quebec City. The city's educational prominence is marked by a high concentration of post-secondary students, with a significant presence of famed institutions like McGill University and Université de Montréal.
Learn about Hospitality Properties for sale in Montréal
Why should I buy a Hospitality Property in Montreal?
Purchasing a Hospitality Property in Montreal harnesses the prospect of owning a piece of the dynamism of this city, known for its diversified industries, large student population, and seismic cultural scene.
- Montreal has a robust presence of various industries including aerospace, finance, pharmaceuticals, and technology, attracting both domestic and foreign professionals contributing to a continual demand for hospitality establishments.
- The city is a major educational hub housing several universities and institutions such as McGill University and Université de Montréal, resulting in a high inflow of students who utilize hospitality properties for short to medium-term stays.
- Lastly, Montreal's worldwide recognized festivals including Montreal International Jazz Festival and Just for Laughs festival, draw in tourists year-round, providing considerable potential opportunities if you own a Hospitality Property with 1 listings on the market for this property type.
How much does it cost to buy a hospitality property in Montréal?
The cost of purchasing a hospitality property in Montréal varies due to a number of factors.
- The average price per square foot for a hospitality property in the area is $452 CAD.
- The sizes of these properties fluctuate, with the average size being 17,468 SF and the largest size we have listed is 17,468 SF.
- Hospitality properties are a prevalent option in Montréal, where there are 1 hospitality properties currently listed for sale, hence revealing a solid market for these types of properties.
What is the largest Hospitality Property available to buy in Montreal?
The largest Hospitality Property available to buy in Montreal is measured at 17,468 SF square feet.
What factors should I consider when searching for Hospitality Properties in Montréal?
There are several factors to consider when searching for hospitality properties in Montréal including market trends, property specifics, and location.
- Consider the market trends in Montréal. With 1 listings already present, there's a significant market for hospitality properties. This indicates a strong demand for these types of properties in the city.
- Look at the average and maximum size of properties listed for sale. The average size is 17,468 SF and the largest listed size is 17,468 SF, which gives you a good idea of what to expect in terms of property size.
- Given the cultural richness, high student population, and frequent international events in Montreal, hospitality properties stand as a promising investment. Proximity to universities and event locations can be favorable factors for such properties.
How many Hospitality Properties are available in Montreal?
Montreal currently hosts a diverse range of 1 Hospitality Properties available for sale or lease.
What other commercial properties are available in Montréal?
In Montréal, in addition to the available Hospitality Properties, there's also a substantial number of other commercial properties such as Restaurants, Apartment Buildings, and shopping centres.
- Restaurant properties provide a chance for entrepreneurs to cater to Montréal's rich culinary tradition, and Apartment Buildings address the housing needs of the city's populous student community.
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