Same Building. Same Size. $75,000 Difference. What Really Determines a Griffintown Condo's Value?
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| Two units. Same Griffintown building. Same square footage. Same number of bedrooms. One sold for $75,000 more than the other. That's not luck, and it's not a pricing mistake either. It comes down to a handful of details most buyers never think to compare. |
| Two condos in the same Griffintown building, with the same size and layout, can sell $75,000 apart. The gap usually comes down to floor, view, orientation, condo fees, and upcoming special assessments, not just square footage. Natalia Belyaev, residential real estate broker at RE/MAX Action Montreal, walks Griffintown buyers and sellers through exactly what drives that gap. Call 514-947-8863. |
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| Why do two condos in the same building sell for different prices? |
| Same building doesn't mean same value. A corner unit gets light from two directions, an interior unit doesn't. A unit with a real balcony or terrace beats one with a small Juliet balcony every time. Garage parking, an EV charger, and a storage locker all add real dollars, especially in a building where those things are limited. Layout matters too. A well laid out 700 square feet can feel bigger and sell better than a poorly laid out 750. None of this shows up in a basic listing search filtered by bedrooms and square footage, but it shows up in the price. |
| Does floor level really change a Griffintown condo's value? |
| Usually, yes. Higher floors mean less street noise and a better view, and buyers pay for both. But higher isn't automatically better. A unit facing a construction site or a busy street can lose value even a few floors up, while a lower unit with protected views over the canal or a quiet courtyard can outperform a higher one that faces a wall. Which side of the building you're on can matter as much as which floor you're on. |
| What condo fees and hidden costs can quietly change a unit's value? |
| This is the part buyers skip and shouldn't. Two identical units can carry very different condo fees depending on when the building was built and how well the syndicate manages its reserve fund. A building with a healthy reserve fund and no special assessments coming is worth more than one where owners are about to get a bill for a new roof or a garage repair. Rental restrictions matter too if you're an investor, since a building that allows short term rentals can carry a different value than one that doesn't. Ask for the syndicate's documents before you fall in love with a unit. |
| Why does more inventory in Griffintown make this comparison matter even more right now? |
| Buyers have more to choose from than they've had in years. That changes how they shop. In a tighter market, buyers compare your condo to the building next door. In a market like this one, they compare it to the unit three floors below yours, in the same building, with the same layout. If you're selling, you need to know exactly what sets your unit apart before you price it. If you're buying, don't assume two similar listings are worth the same, because they usually aren't. |
| By the Numbers |
| 19,790 |
active listings across Greater Montreal in July 2026, up 17 percent from a year earlier |
| +20% |
increase in condo listings year over year across Greater Montreal |
| $431,500 |
median condo price in Montreal in July 2026, up 1.5 percent from last year |
| 55 days |
average time a Montreal condo now takes to sell, up from 46 days last year |
| Central first |
QPAREB reporting shows condo supply increases first concentrated in central Montreal neighbourhoods like Griffintown before spreading outward |
| $75,000 |
the kind of price gap two similar units in the same building can show once floor, view, fees, and assessments are factored in |
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The Bottom Line
With more inventory in Griffintown, buyers aren't comparing your condo to the building next door anymore. They're comparing it to the unit three floors below yours. Sellers need to know exactly what sets their unit apart before they price it. Buyers should never assume two similar listings are worth the same, because they usually aren't. |
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| FAQ |
Q: Why would two condos in the same building sell for different prices?
A: Same building doesn't mean same value. Floor, view, orientation, layout, condo fees, and upcoming special assessments all change what a unit is actually worth. |
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Q: What's a special assessment and why does it matter?
A: It's a one time bill the condo syndicate charges owners for a major repair, like a roof or a garage, when the reserve fund can't cover it. A building with one coming is usually worth less than one that doesn't have one on the horizon. |
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Q: Does a higher floor always mean a higher price in Griffintown?
A: Usually, but not always. A higher unit facing a wall or a construction site can be worth less than a lower unit with a protected view or a quiet exposure. |
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Q: How do I find out about a building's reserve fund before buying?
A: Ask for the syndicate's documents, including the reserve fund study and recent meeting minutes. Your broker can help you request and read through these before you make an offer. |
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Q: Is now a good time to sell a condo in Griffintown with this much inventory?
A: It can be, if your unit is priced and presented correctly. With more buyer choice, standing out on the details that actually drive value matters more than ever. |
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