Pricing and Market Analysis
Background
The property at 120 Ballantyne South represents a unique opportunity for the informed buyer and it is offered below market prices by a motivated seller to facilitate a quick sale.
The owner and his family lived in this charming home since 2009 and moved to USA in 2023 for personal reasons. Before deciding to move, the owner was planning to proceed with a major refresh and add an extension to the house. The architecture phase of the project was completed and submitted to the city which approved the project. This project shows the tremendous potential of this property and all the detailed plans will be provided to the lucky buyer free of charge.
Comparative Analysis
The 120 Ballantyne South offers above average living area size and a large lot that’s almost the double of a typical Montreal West lot size and that can accommodate a nicely-sized pool.
It is currently offered at 499 $ / sq. ft. well below the average for detached single family homes sold so far in 2024 (See tables below).
Combined with the property features and great potential, this represents a unique opportunity for the informed buyer. This price allows a smart buyer to spend additional funds to refresh or remodel and increase the value of the property and still have a total cost that compares very favorably to properties in the area. As the saying goes, you make money when you buy real estate, not when you sell and this is a unique opportunity for the savvy !
The table below shows the property pricing metrics:
| Address | Living Area (sq. ft.) | Lot Size (sq. ft.) | City Eval | Asking Price | Price / Eval | Price / sq. ft. |
|---|---|---|---|---|---|---|
| 120 Ballantyne S | 2894 | 7960 | 1,388,000 $ | 1,444,000 $ | 104 % | 499 $ |
The table below shows pricing metrics of properties sold in 2024 in Montreal West:
| Address | Living Area (sq. ft.) | Lot Size (sq. ft.) | City Eval | Selling Price | Price / Eval | Price / sq. ft. | Property Type |
|---|---|---|---|---|---|---|---|
| 137 Ballantyne S. | 2099 | 5500 | 1,213,000 $ | 1,335,000 $ | 107 % | 636 $ | Detached, no garage |
| 124 Percival | 1658 | 3330 | 941,000 $ | 1,008,200 $ | 107 % | 608 $ | Semi-detached |
| 117 Brock S. | 2174 | 5500 | 1,226,100 $ | 1,250,000 | 102 % | 575 $ | Semi-detached |
| 220 Ballantyne N. | 2390 | 4400 | 1,072,100 $ | 1,215,000 $ | 113 % | 508 $ | Detached |
| 63 Banstead Rd. | 2292 | 4592 | 1,010,600 $ | 980,000 $ | 97 % | 428 $ | Split Level |
| Averages | 2122 | 4664 | 1,092,560 $ | 1,157,640 $ | 105 % | 545 $ |