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Buying a plex in Ville-Marie

Duplex, triplex or multi-family building: we go over the leases and the numbers with you before you make an offer to purchase.

Jasmin lived in the Village for 3 years and worked there for 10 years.

Annie Payant & Jasmin MorinReal estate brokers · RE/MAX du Cartier
5.0 · 113 Google reviews

The Montreal market, in numbers

Jasmin lived in the Village for 3 years and worked there for 10 years. RE/MAX du Cartier, our agency, has an office very close by, on the Plateau. We analyze rents in the area and sales of buildings in Ville-Marie before you make an offer.

The 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 glanceVille-Marie
Population (2021)104,944
Montrealright in the centre
TransportationOrange, Green and Yellow metro lines · Gare Centrale · Ville-Marie Highway and access to the Bonaventure Expressway
MRCAgglomération de Montréal
Investing in Ville-Marie

Rental potential in Ville-Marie

The concentration of universities, hospitals and offices supports varied rental demand: students, professionals passing through, downtown workers. The rental stock ranges from tower condos to the older plexes of the Centre-Sud, as well as commercial buildings. Before any short-term rental project, check the municipal and provincial regulations that apply. Each building requires a case-by-case analysis of income and expenses.

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 Ville-Marie 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 Ville-Marie

  • 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 Ville-Marie, the welcome tax is approximately $11,349. Calculate it for your price →

Centris® statistics

The real estate market in Ville-Marie

From January to September 2026, compared with the same period in 2025.

Single-family

Median price
$1,056,000 −14.2% vs. 2025
Sales
41 vs. 41 in 2025
Average time to sell
75 days vs. 90 days in 2025

Condo

Median price
$450,000 −4.7% vs. 2025
Sales
1,109 vs. 1,256 in 2025
Average time to sell
89 days vs. 84 days in 2025

Plex (2 to 5 units)

Average price
$1,006,073 +2.8% vs. 2025
Sales
52 vs. 72 in 2025
Average time to sell
69 days vs. 74 days in 2025

Source: Centris® — statistics by municipality and property type, revised on October 1, 2026. Average plex price: duplex to quintuplex.

Full statistics ·

Prices, sales and selling times by property type, compared with last year: Annie or Jasmin will send you the full Centris® report.

Our favourite spot in Ville-Marie

Pointe-à-Callière, Montréal Archaeology and History Complex

Museum

Built on the site where Montreal was founded, in Vieux-Montréal, the museum presents archaeological remains and exhibitions on the city’s history. It is the best gateway to understanding how downtown was built, layer by layer.

Discover Pointe-à-Callière, Montréal Archaeology and History Complex →

“Visiting Pointe-à-Callière is to literally see what lies beneath the feet of Vieux-Montréal property owners; it helps you understand why the heritage buildings in the area are so heavily regulated.”

Jasmin MorinResidential and commercial real estate broker
Free guide

Buying a property in Ville-Marie, step by step

Our free guide (in French) explains how to find the best opportunities in Ville-Marie 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

Get the buyer's guide

Buyer's guide: how to find the best opportunities in Ville-Marie, by the Équipe Annie Payant & Jasmin Morin
They trusted us

What our clients say

5.0 · 113 Google reviews (76 for Annie, 37 for Jasmin)
“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.”
— Marianne Ferland, Google review · Annie Payant
“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!”
— Dany Rondeau, Google review · Jasmin Morin
Frequently asked questions

Real estate in Ville-Marie

Who rents in Ville-Marie?

Demand comes in particular from students at the three universities, hospital staff such as at the CHUM, and downtown workers. The type of tenant varies greatly depending on the sector and the type of dwelling.

What is the average price of a plex in Ville-Marie?

Over January to September 2026, 52 plexes (from duplexes to quintuplexes) were sold in Ville-Marie, at an average price of $1,006,073 (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 Ville-Marie?

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 Ville-Marie?

A free, no-obligation comparative analysis based on recent sales in your area.