M E G A N M A RT I NS P E C I A L T O T H E M O N T R E A L G A Z E T T E

Over the last decade, Montreal has developed an impressive stock of new condo projects, particularly in the luxury market. But the avail-ability of new, high-end rental units hasn’t truly kept pace with its for-sale counterparts. In fact, it’s only recently that developers have started building luxury properties exclusively for rent. Among them is the C Lofts, located strategically in the core of Montreal’s business and entertainment centre.

Since it’s only a few steps away from the Quartier des Spectacles, universities, downtown shopping,

restaurants, and the city’s business sector, chances are students and young professionals will seek out units in the C Lofts.

“The developer was thinking long-term with this project,” said Tristan Pungartnik, director of operations with Summit Proper-ty Management. “He has opted to build and retain versus build and sell.”

Construction on the project started in 2012 and delivery is expected as of June 1, 2015. The 23-storey building will feature 156 units once it’s completed, includ-ing two penthouse floors.

Rental rates start at $1,190 and go up to $3,070 per month. The units range in size from 542 to 1,136 square feet. “Rent includes heating, hot water, electricity, cen-tral air conditioning, and all appli-ances,” Pungartnik said.

“The units all have high-end finishings and touches that are similar to the condos we’re used to seeing for sale on the market.”

These are a far cry from some Montreal rentals, many of which are in buildings almost a century old. Apartments in the C Lofts will contain granite countertops and backsplashes in the kitchens, contemporary style bathrooms, and wood composite floors.

“The units are beautiful,” Pun-gartnik said. “They’re really some-thing new on the rental market.”

In addition to the apartments themselves, the building has plenty of other features to offer its ten-ants. With a gym, pool, sauna, li-brary space, lounge, and available parking, the perks offered by the C Lofts rival those of any high-end condo property.

“There’s also a cinema room, basement storage lockers avail-able, an advanced security system, and two elevators.

M O N T R E A L G A Z E T T E S A T U R D A Y , M A R C H 2 1 , 2 0 1 5

NEW

HOMESCONDOS

A D V E R T I S I N G S U P P L E M E N T

COMMUNITY SNAPSHOTMontreal’s Golden Square Mile  G6

REAL ESTATE PROFILEA Q&A with Marc-André Roy G5

The C Lofts highrise includes two penthouse floors.

C Lofts amenities include a gym, pool and sauna. The 23-storey building, being built near the Quartier des Spectacles, and featuring 156 high-end rental units, is scheduled for delivery in June.   A RT I S T ’ S R E N D E R I NG S

C O U RT E SY O F G RO U P E C A N VA R

C LOFTS NEARING COMPLETIONHigh-end rental units designed with students, young professionals in mind

S E E C L O F T S O N G2

The units are ... really something new on the rental market.

MON01065193_1_1