Re: NEST Condos - Downtown Montreal

From
Anthony Coletti <acoletti@mmontreal.com>
To
Timothy Thomas <tt@homecareassistance.com>
Date
Wed, 30 Oct 2019 16:40:26 -0400
Folder
INBOX
--Apple-Mail=_531304B8-B8D4-47AD-840E-94BD7BE51A98 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=utf-8 No worries!=20 So far enforcement has been more strict in areas where there are = =E2=80=9Ctourist residences=E2=80=9D (basically small bed & breakfast = style hotels) that have been registered and given a permit by the city. = I=E2=80=99ve seen this mainly in areas like the Gay Village and the Old = Port but it=E2=80=99s not guaranteed that there aren=E2=80=99t any close = by to where this building will eventually stand.=20 That said, if you=E2=80=99re only planning to operate AirBnB during peak = times (i.e. Grand Prix weekend, OSHEAGA, Jazz Fest, or other major = festival times for example) I wouldn=E2=80=99t be overly concerned. = There also might be the option of indicating in your AirBnB listing that = they can contact you directly to discuss alternate stay times (at least = this way you can open dialogue with them that isn=E2=80=99t necessarily = publicly out there).=20 Let me know if this helps!=20 Best, ANTHONY COLETTI Vice-President & Certified Real Estate Broker, AEO M IMMOBILIER Agence Immobili=C3=A8re | Real Estate Agency C. 514.867.6956 T. 514.545.2545 W. mrealestate.com = = > On Oct 30, 2019, at 4:35 PM, Timothy Thomas = wrote: >=20 > ok thanks for the clarification. Any idea how strict enforcement is = now? This wouldn't be a pure Airbnb model but perhaps during peak times. >=20 > On Wed, Oct 30, 2019 at 4:26 PM Anthony Coletti = > wrote: > Hey,=20 >=20 > Yes, that=E2=80=99s what will be =E2=80=9Clegally=E2=80=9D allowed in = the declaration of co-ownership. If you=E2=80=99re looking for a pure = AirBnB option, we=E2=80=99d have to move the search into surrounding = areas like Le Plateau, or Griffintown. =20 >=20 >=20 >=20 > ANTHONY COLETTI > Vice-President & Certified Real Estate Broker, AEO >=20 > M IMMOBILIER > Agence Immobili=C3=A8re | Real Estate Agency > C. 514.867.6956 T. 514.545.2545 W. mrealestate.com = >=20 > = >=20 >=20 >=20 >=20 >> On Oct 30, 2019, at 4:01 PM, Timothy Thomas = > wrote: >>=20 >> Hi Tony, >>=20 >> So 30 days is the minimum length of stay?=20 >>=20 >> Thanks! >> Tim >>=20 >> On Wed, Oct 30, 2019 at 3:46 PM Anthony Coletti = > wrote: >> Hey Tim!=20 >>=20 >> Hope all is well! Here=E2=80=99s the information for the NEST condo = development I was speaking with you about in the city.=20 >>=20 >> The building is set to deliver in Spring 2020 (approximately 6 months = from now) and they=E2=80=99re currently allowing purchase with 5% down = along with some other promotions that normally alternate weekly (eg. = Condo fees paid for 1 year, free locker, notary fees paid, etc.). If the = project is of interest, and depending on when we go, we=E2=80=99ll be = able to get a better idea as to what the situation is!=20 >>=20 >> This building will allow short term rental as a possibility for = investors (will be included in their declaration of co-ownership), = however new Ville Marie laws