Looking to explore the pinnacle of luxury living in Montreal? The Residences at Ritz-Carlton Montreal set a new standard for high-end real estate in Quebec. Recently, this iconic address witnessed the record-breaking sale of an extraordinary 6,600-square-foot penthouse, sold by Royal LePage Heritage brokers Marie-Yvonne Paint and Samuel Demers. Occupying over half of the top floor, this elite residence offers a unique blend of elegance, privacy, and access to the heart of downtown Montreal.
Discover Unmatched Luxury and Unparalleled Views
With 17 meticulously designed rooms, including four bedrooms, four bathrooms, and two powder rooms, this penthouse redefines Montreal’s luxury real estate. Expansive windows provide breathtaking, panoramic views of Mount Royal and the St. Lawrence River, best enjoyed from the 1,200-square-foot private terrace. Additionally, residents enjoy access to Ritz-Carlton’s exclusive hotel amenities: a rooftop pool, spa, fine dining, and event spaces—creating a seamless blend of private luxury and world-class services.
Montreal’s Luxury Market: Resilient and Flourishing
As the Montreal luxury real estate market continues to grow, this sale highlights both the resilience and allure of this sector. “This transaction underscores the exclusivity of Montreal’s luxury market, where discerning buyers seek not only prestige but a property that mirrors their exceptional lifestyle,” says Paint. Despite economic shifts, Montreal’s high-end real estate remains vibrant, driven by buyers who prioritize prime locations, refined design, and top-tier amenities.
An Iconic Penthouse in a City of Luxury
Inside, the penthouse showcases luxury at every turn. The lower floor boasts two bedrooms with en-suite bathrooms and walk-in closets, a laundry room, and a spacious open kitchen and dining area. Entertain in the double living room, complete with a gas fireplace and a stylishly appointed bar area. A grand master suite overlooking the river completes the lower level.
On the upper level, residents can unwind in the family room, with multiple terrace access points, a fully equipped kitchen, a fitness area with a sauna, and a complete bathroom.
Market Insights and Montreal Luxury Trends for 2024
According to the 2024 Royal LePage Prestige Homes Report, Montreal’s luxury market has seen an 8.3% increase in sales in the first eight months of the year, even as the median price for luxury properties dipped 2.8% year-over-year to $3,150,000. Buyers and sellers in Montreal’s high-end real estate market have taken a cautious approach, reflecting the broader economic climate. However, with interest rates gradually declining, confidence among buyers is on the rise, spurring more decisive purchasing.
Today’s luxury buyers seek turn-key properties that require minimal renovation due to rising material costs and a labor shortage. Meanwhile, sellers are maintaining firm prices, contributing to increased inventory in Montreal’s high-end housing market. As inflation stabilizes and interest rates continue to decrease, Montreal’s luxury real estate market is poised for sustained growth into late 2024 and spring 2025.
Why Montreal’s Ritz-Carlton Residences Lead the Luxury Real Estate Market
The Ritz-Carlton Montreal Residences exemplify the height of luxury living in Quebec, attracting elite buyers from across Canada and beyond. This record-setting sale not only places the Ritz-Carlton penthouse among the top three condo sales in Canada but also reinforces Montreal’s growing status as a premier luxury real estate destination.
For those seeking an exceptional lifestyle in Montreal, properties like the Ritz-Carlton penthouse represent the ultimate in sophistication and exclusivity, perfectly blending urban vibrancy with serene luxury.
