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 →