Why You Should Invest in a Mile-Ex Condo

Every month a new and exciting venture finds success in Mile-Ex. The ever-evolving Montreal neighbourhood is now home to the trendiest bars, restaurants, art galleries and music venues. Street artists have adorned the quirky architecture of old factories and warehouses giving colour to the streets. Over the past two years, droves of major players in the artificial intelligence and technology industry have been welcomed to the borough. Simply put, purchasing an Ateliers Castelnau Condo in this hot spot is a sound financial investment.

Mile-Ex: Montreal’s Mini Silicon Valley

In the fall of 2018, Microsoft Research revealed plans to move into a newly renovated factory building in 2019 located just blocks away from the Ateliers Castelnau Condos. “Microsoft’s decision to expand its Montreal research lab in the heart of the new AI hub in the Mile-Ex reaffirms the city’s emerging position as a global leader in artificial intelligence,” said Valerie Plante, Mayor of Montreal. “I am proud to see Montreal’s research and academic community support each other and boast complementary strengths.”

Cirque du Soleil’s multimedia company 4U2C, video game studio Behaviour, AI software provider Element AI and neuroscience research lab Rogue Research have already set up shop in the neighbourhood. More companies will no doubt follow, attracting younger and wealthier residents to the area.

Quebec Government Promises $100 Million in Funding for MILA

Another significant opening within Mile-Ex was by the University of Montreal Institute for Learning Algorithms (MILA). In January 2019, the school opened their 90,000 square foot building that will facilitate researchers, students and professors, corporate labs and startups. With Quebec’s commitment to fund MILA $100 million in the next five years, owners within the area can look forward to a prolific market. Located just 11 minutes by foot from Ateliers Castelneau, workers and students alike will always be looking to buy property, and condo values will continue to increase.

Ever Growing Cultural Hub

The hustle and bustle of the community is a major plus for this area. For decades artists and restaurateurs have developed Mile-Ex into the vibrant community it is today. With the area’s proximity to Little Italy, the Plateau, Parc-Ex, and Rosemont, the mixture of cultures is ever present. Like the tech industry, we are seeing many new restaurants and art galleries continue to thrive within the area. New shops and boutiques are looking to cater to the diversifying community. Better yet, Ateliers Castelnau is located a stone’s throw away from the beautiful Jarry Park which has a huge tennis centre, free Wi-Fi, picnic areas, a winter skating rink and sliding area, as well as a public swimming pool open during the summer months.

Ateliers Castelnau: Innovative Modern Housing That’s Centrally Located

With the tech industry embracing the area, a freshly built school and a community rich in culture, the real estate frenzy for property in Mile-Ex will continue to rise. To get in on the action and to find the right condo for you, visit Ateliers Castelnau or call one of our agents at 514-900-2290.