Developed in the 1940s for veterans returning from World War II, Montgomery Place is a mature and well-regarded Saskatoon neighbourhood found on the west side. Now recognized as a National Historic Site, it has flourished over the past number of decades into a vibrant community of about 3,100 people, with an average home price of just over $447,000.

Plans for a community on the current site of Montgomery Place date back to the May 1912 "Saskatoon and Environs Map" published by Commercial Map and Blue Printing, which sketched out proposed neighbourhoods far beyond the then-current boundaries of the young city. What is today's Montgomery Place carried the name River Heights then (a name given to another city neighbourhood decades later).

Most of this neighbourhood was built after World War II as a part of the Veterans' Land Act settlement plan; at the time, the land was still located outside Saskatoon's city limits. Ten years later in 1955, it became a neighbourhood of Saskatoon. It was named after Field Marshal Lord Montgomery - 'Monty' - and most street names honour notable people and places associated with the war.

The neighbourhood was considered to have reached full build-out in the early 1980s, however in the years since some additions have occurred. Development plans for the region call for an expansion of Montgomery Place to the west of Chappell Drive, with additional residential development.

Beginning in 2012, construction of residential development north of 11th Street and south of the 11th Street Bypass began, which has added the first apartment-style multi-family developments to the community. No time frame has been presented for the western expansion. With the completion of Circle Drive, there is also potential future development land available on the west side of Dundonald Avenue, which as of 2013 no longer connects to Valley Road or the City Landfill and has several lots that were left vacant for decades due to uncertainty over the eventual outcome of the Circle Drive alignment.

A new law has been put into place in this community that you can no longer subdivide lots. The community wants to keep large spacious yards a tradition for many years to come.