According to QFREB’s latest report, Montreal’s ‘plex market performance has soared over the past twelve months. Duplexes and multiplexes are popular investment options, as they allow the homeowner to occupy one of the units while gaining passive income from the others.
The average price of a residential duplex in Montreal, $510,000, sits just above the average price of a single family home ($475,000). In certain neighbourhoods, duplexes can be found for less than average.
Here’s what a $500,000 budget will get you in Montreal’s duplex market.
The South West
Average duplex price: $481,000
What you can buy: $500,000 will get you a turn-key duplex in Saint-Paul/Émard, or a fixer-upper in St Henri / Pointe St Charles.
Recommended area: Pointe St Charles, because of its tree-lined streets and popularity amongst families and professionals alike.
Average duplex price: $427,500
What you can buy: $500,000 will get you a wide selection of duplexes in HOMA, or even a triplex.
Recommended area: Hochelaga, as close to Prefontaine or Joliette metro as possible.F
Average duplex price: $386,000
What you can buy: Lachine offers several duplexes in the $300,ooo-$400,000 range, although many of these will need renovating.
Recommended area: Canal-front, between 6th and 21st Avenue.
Average duplex price: $510,000
What you can buy: Duplexes under $500,000 in Lasalle are older constructions, but tend to come with spacious outdoor areas.
Recommended area: Canal-front, near Angrignon park.
Rosemont / Petite Patrie
Average duplex price: $557,500
What you can buy: $500,000 in will buy you a fixer-upper in Rosemont / Petite Patrie.
Recommended area: Angus Shops or Little Italy.
Other neighbourhoods to consider:
- Ahuntsic Cartierville
- Cote des Neiges / NDG
- Montreal Est
- Ville Saint Laurent