The Square Mile

Area Guide For The Square Mile

Peel Street is a major north-south street located in downtown Montreal, Quebec, Canada. The Street links Pine Avenue, near Mount Royal, in the north and Smith Street, in the Southwest borough, in the south. The street's southern end is at the Peel Basin of the Lachine Canal. The street runs through Montreal's shopping district. McGill University buildings line much of its uppermost section. Further south, Peel is home to McGill's Martlet House, the Montreal Amateur Athletic Association, Canada's oldest athletics association, and the Consulate General of Pakistan. The street borders the western side of Place du Canada and the adjacent Dorchester Square, the Chateau Champlain, Windsor Station and the Dow Planetarium. The Peel Metro station is named for the street. Opened in 1845, Peel Street was named after Sir Robert Peel, the former Prime Minister of the United Kingdom. Until 1959 Peel was known as Colborne Street south of Notre-Dame Street, and up until 1968, the street was known as Windsor Street near René-Lévesque Boulevard.
 
 

The Square Mile Map

Estimated Price: £786,877
Average Asking Price: £1,148,485
Price change in last one year: £93,398
Average Price Paid: £599,978
Average Rent Rates: £2,741

 
 

Property Prices Breakdown in The Square Mile

Average Price for property in The Square Mile is around £786,877 which varies based on type of property you are interested in and ranges from £1,797,046 for detached house to around £1,527,214 for semi-detached. Similarly terraced house is around £1,307,872 and a flat is worth £767,676. Values have been changing and have risen £905 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,412 in last 6 months, £93,398 in last 1 year, £146,812 in last 2 years, £221,305 in last 3 years, £189,443 in last 4 years and £217,467 in last 5 years.

Currently average asking price of a property in The Square Mile is around £1,148,485 based on approximately 466 properties for sale. Same is the case with rental options based on 1,183 properties up for rent, average asking rent is around £2,741 per month.

Estimated property value in The Square Mile is £786,877. Average asking price is £1,148,485 while average price paid is £762,279 which is up by £93,398 and Avg. asking rent £2,741.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in The Square Mile area. In last 1 year alone average price buyer paid is around £762,279 based on approximately 466 sales in The Square Mile area alone. If you compare it to last 3 years sales of 1,741 properties where buyers paid around £653,449. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £599,978 for 2,888 and average amount paid for purchase of approx. 3,812 properties sold in last 7 years comes to about £565,265 per sale.

 
 

Properties For Sale in The Square Mile

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £651,429, £1,315,000 for a 2 bedroom house, £1,743,119 for a 3 bedroom house, £3,291,667 for a 4 bedroom house and £3,087,500 for a 5 bedroom house. For a flat similarly the prices varies from £740,201 for a single bedroom to £1,161,899 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £2,101,147 and £6,950,000 for a 4 bedroom flat. To sum up the asking prices for properties in The Square Mile it comes to around average £737,389 for 1 bedroom property, £1,167,467 for 2 bedroom, £2,019,312 for 3 bedroom, £4,954,545 for 4 bedroom and £3,087,500 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £2,578 for 1 bedroom to £5,325 for 2 bedroom and £6,478 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £2,354. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,148, £6,004 for 3 bedroom and £3,553 for 4 bedroom. You should be generally be expecting around average £2,358 rent per month for single bedroom property, £3,214 for 2 bedroom, £6,004 for 3 bedroom, £3,554 for 4 bedroom and approximately £6,478 for a 5 bedroom property in The Square Mile area.

Popular Houses in The Square Mile

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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