The Montreal market, in numbers
RE/MAX du Cartier, our agency, has an office very close by, in Villeray. We analyze rents in the area and building sales in Saint-Léonard before you make an offer.
Buying a plex in Saint-Léonard
Duplex, triplex or multi-family building: we go over the leases and the numbers with you before you make an offer to purchase.
Annie Payant & Jasmin MorinReal estate brokers · RE/MAX du Cartier
5.0 · 113 Google reviewsThe real income
Current leases, vacant units, actual expenses: we recalculate the income before talking about price.
The multiplier and comparables
Gross income multiplier, price per door and sales of comparable buildings: is the asking price justified?
A business perspective
Trained in finance and marketing at HEC Montréal, Jasmin helps you assess a building as a business project.
At a glanceSaint-Léonard
Population (2021)79,495
Montreal≈ 25 minutes from downtown by car
TransportationHighway 40 · Blue Line metro extension under construction along rue Jean-Talon Est · Saint-Léonard–Montréal-Nord station
MRCAgglomération de Montréal
Investing in Saint-Léonard
Rental potential in Saint-Léonard
The density of the district, the commercial artery of rue Jean-Talon Est and the planned metro extension are demand drivers worth following. The rental stock is dominated by duplexes, triplexes and apartment buildings, with commercial units on the main arteries. The arrival of the metro should not be taken for granted in a profitability calculation. A detailed analysis of income, expenses and the condition of the building remains essential.
How we analyze a plex
Gross income multiplier
The asking price compared with the building's income and with plexes sold in the area.
Net income
Actual rents minus taxes, insurance, energy, maintenance and vacancy: what you really keep.
Comparable sales
Plexes recently sold in Saint-Léonard and the surrounding area, and the price per door, adjusted for the condition of the building.
Municipal assessment
The relationship between the price and the municipal assessment, to help frame an offer.
Before buying a plex in Saint-Léonard
- The current leases and the renewal notices for each unit.
- Vacant units and market rents in the area.
- The condition of the building: roof, windows, plumbing, electrical and foundation.
- The number of dwellings allowed by the zoning.
- Municipal and school taxes, insurance and energy.
- Financing: the down payment varies depending on the number of units and whether you live in the building.
For an $800,000 plex in Saint-Léonard, the welcome tax is approximately $11,349. Calculate it for your price →
Centris® statistics
The real estate market in Saint-Léonard
From January to September 2026, compared with the same period in 2025.
Single-family
- Median price
- $765,000 +1.7% vs. 2025
- Sales
- 55 vs. 50 in 2025
- Average time to sell
- 44 days vs. 66 days in 2025
Condo
- Median price
- $430,000 +1.2% vs. 2025
- Sales
- 73 vs. 90 in 2025
- Average time to sell
- 60 days vs. 56 days in 2025
Plex (2 to 5 units)
- Average price
- $1,130,504 +4.8% vs. 2025
- Sales
- 99 vs. 98 in 2025
- Average time to sell
- 39 days vs. 45 days in 2025
Source: Centris® — statistics by municipality and property type, revised on October 1, 2026. Average plex price: duplex to quintuplex.
Our favourite spot in Saint-Léonard
Caverne de Saint-Léonard
Natural site
Beneath Parc Pie-XII lies a cavern formed more than 15,000 years ago in 450-million-year-old limestone; new galleries were discovered in 2017. Spéléo Québec runs guided tours in summer, an uncommon experience in the middle of the city.
Discover the Caverne de Saint-Léonard →“A cave beneath a neighbourhood park, right in the middle of the city: it's the kind of detail that shows Saint-Léonard has more to offer than you might think.”
Free guide
Buying a property in Saint-Léonard, step by step
Our free guide (in French) explains how to find the best opportunities in Saint-Léonard and buy with complete confidence.
Part 1
Before: how to prepare well
Part 2
During: interested in a property?
Part 3
Afterwards: the steps that follow the offer to purchase
“We had exceptional service from start to finish with Annie for the purchase of our first home. She was always available and answered all our questions quickly and with great clarity. Her support was impeccable: she guided us through every step with professionalism and made the process simple and reassuring.”
“I worked with Jasmin to sell one of my condos, and I have to say he is exemplary in his professionalism. His service is truly turnkey, which made the process much easier. He knew how to offer me valuable help at every step. I recommend him without hesitation!”
Frequently asked questions
Real estate in Saint-Léonard
Is the extension of the Blue Line a good investment argument?
It is a major infrastructure project worth following, but it should not be treated as a certainty in a profitability calculation. Base your decision on the building's current income and expenses.
What is the average price of a plex in Saint-Léonard?
From January to September 2026, 99 plexes (from duplexes to quintuplexes) were sold in Saint-Léonard, at an average price of $1,130,504 (source: Centris®). The right price for a building depends above all on its income: always compare the multiplier and the condition of the building.
How do you calculate the return on a revenue property?
Start with the gross income multiplier (price ÷ annual income), then calculate net income: rents minus taxes, insurance, energy, maintenance and vacancy. Then compare with similar buildings sold in the area. A good purchase is judged by actual income, not expected income.
What should you check in the leases before buying a building?
Ask for a copy of every current lease and renewal notice: rent, term, services included, special agreements. Compare the rents with the market in the area and check for vacant units. Leases stay with the building: the buyer takes them on as they are.
How much is the welcome tax on a plex in Saint-Léonard?
For an $800,000 plex, roughly $11,349 based on the City of Montreal's 2026 schedule. Plan for this amount on top of your down payment, which varies depending on the number of units and whether you live in the building.
How much is your property worth in Saint-Léonard?
A free, no-obligation comparative analysis based on recent sales in your area.
Neighbouring areas