Montréal rental property market
What the official assessment roll says about income properties in Montréal. Assessed values reflect market conditions on 2024-07-01 and usually lag current sale prices.
Assessed values by building size
| Building size | Buildings | Dwellings | Median assessed value | Median value per door |
|---|---|---|---|---|
| 12 units and more | 5,628 | 196,591 | $3,911,500 | $180,492 |
| 2 to 5 units (plexes) | 109,449 | 302,859 | $849,600 | $326,100 |
| 6 to 11 units | 12,176 | 85,018 | $1,256,050 | $183,725 |
Average rents, Montréal centre (October 2025) · vacancy 2.9%
| Studio (1½-2½) | 1 bedroom (3½) | 2 bedrooms (4½) | 3 bedrooms + (5½+) |
|---|---|---|---|
| $1,005 | $1,131 | $1,346 | $1,625 |
CMHC Rental Market Survey, row and apartment units, rent paid by sitting tenants (asking rents for vacant units are higher).
Buying a typical plex in Montréal
On a price of $850,000 (median assessed plex value), Quebec land transfer tax is about $12,349 with the provincial brackets and Montréal's own rates above 500 000 $ (see methodology). The posted 5-year conventional mortgage rate is 6.19 % (2026-10-14).
Analyze a listing · Transfer tax calculator · CMHC and MLI Select loan
Source: Montréal property assessment roll 2026 (Quebec open data, Ministère des Affaires municipales et de l'Habitation, Données Québec). Aggregates only; figures are assessed values, not sale prices, and are not an appraisal.