10/01/2026
The best investment condos in Montreal aren’t always the ones with the
lowest asking price.
In Verdun, I look at the building—not just the unit.
A condo can be well located and still be a poor investment. The
co-ownership documents may show deferred maintenance, weak finances or
recurring special assessments.
Before writing a promise to purchase, review:
• The declaration of co-ownership
• Recent meeting minutes
• Financial statements
• Insurance
• The contingency fund
Then there are the monthly condo fees. Low fees may look attractive, but
sometimes they mean the syndicate isn’t putting enough aside for future
work.
Expected rent is only part of the calculation. Include the down payment,
mortgage, condo fees, municipal and school taxes, insurance, maintenance,
vacancy risk, notary fees and welcome tax.
And confirm the building’s rental rules.
The certificate of location matters too. Alterations, parking, storage or
compliance issues can affect financing and resale.
For sellers, clean documentation helps. So does being transparent about
upcoming work. It can prevent surprises during the buyer’s inspection and
document review.
My takeaway: compare buildings, not just listings. A condo with predictable
expenses and a well-managed syndicate is often the better choice.
When you’re evaluating a Verdun condo, what do you look at first: the unit,
the building finances or the location?
Charles La Haye
Real Estate Broker
Remax Action
Westmount
514 236 3879