Multiplexes are buildings that have been divided into two (duplex), three (triplex) or more separate units. They are typically purchased as rental investments.
We’ve ranked Montreal’s boroughs according to appreciation rates, to determine the safest areas for a duplex, triplex or multiplex purchase in 2018. Along with appreciation rates, “average selling time” is a good indicator of how hot a market it – a high appreciation rate combined with a low selling time points to the high demand / low supply conditions of a seller’s market.
All figures in this article are pulled from the latest Centris statistics over the last four quarters of 2017.
Montreal Island Averages – Revenue Properties
- Average appreciation rate: 7%
- Average price: $517,250
- Average selling time (days): 70
Lowest Appreciation Rate: Lasalle
Although Lasalle’s single family homes performed extremely well in 2017, with an average appreciation of 9%, the duplex and multiplex market showed very little growth.
Average Appreciation Rates: Verdun and Nun’s Island
Verdun and Nun’s Island showed an appreciation rate on par with Montreal’s average rates, with prices growing at by 7% year over year. The average selling time was well below average at 54 days on market.
Excellent Appreciation Rates: Lachine and Saint Leonard
Lachine and Saint Leonard are two residential neighbourhoods performing particularly well when it comes to their duplex and multiplex markets. Of the two, Lachine is significantly more affordable with an average price of $385,500.
Highest Appreciation Area: Plateau
Popular amongst families, students and tourists alike, Montreal’s Plateau is home to beautiful duplexes in the classic Montreal style- with sweeping staircases, colourful windows and vivid rooftops. In the Plateau, the average revenue property costs $775,000 and takes 76 days to sell.
|Area||Appreciation Rate||Average Price||Average Selling Time (Days)|
|Montreal Island Average||7%||$517,250||77|
|Verdun / Nun’s Island||7%||$547,500||54|
|RDP / PAT||5%||$390,000||95|
|Rosemont / Petite Patrie||5%||$568,000||62|
|Villeray / Park Ex||5%||$475,000||77|
|CDN / NDG||3%||$615,000||77|
|Ville Saint Laurent||3%||$555,000||96|
This article, Best And Worst Montreal Boroughs For Multiplex Investments, appeared first on Shupilov News.