Are you thinking of buying a duplex or triplex in Montreal? These multi-unit buildings are popular choices, especially in neighborhoods like Rosemont, Villeray, Verdun, and Plateau-Mont-Royal. They offer a mix of smart investment and practical living—especially if you plan to live in one unit and rent out the others.
But before you make a move, there are a few key things you should know.
Why People Love Duplexes and Triplexes
- You Can Earn Rental Income
One of the biggest benefits is that you can live in one unit and rent out the others. This can help cover your mortgage. For example, if you rent out two units at $1,500 each, that’s $3,000 a month toward your costs.
- Good Long-Term Investment
Montreal’s housing market continues to grow. Multi-unit properties in popular areas usually go up in value. If you decide to sell later, you may make a good profit.
- More Flexibility
These buildings are great if you want options. You can keep one unit for a family member, use it as a home office, or even join two units together in the future.
What to Think About Before Buying
- Check Zoning and Rules
Every part of Montreal has its own zoning rules. Some neighborhoods don’t allow short-term rentals like Airbnb. Others may have limits on how you can use your property. Check with the borough or ask a real estate expert before you buy.
- Building Condition Matters
Many duplexes and triplexes in Montreal are old. Some have issues like old plumbing or wiring. Always get a full home inspection. Repairs for these buildings can cost more than for a single-family home.
- Understand the Mortgage Process
Buying a multi-unit building is not the same as buying a house. If you live in one unit, you may qualify for better mortgage rates. Still, you’ll need to prove the rental income, and the rules for down payments may be different.
Living as a Landlord
- You’ll Manage Tenants
Being a live-in landlord has its ups and downs. You’ll collect rent, take care of repairs, and manage any problems. Living in the same building as your tenants can help. You’ll be close by if something goes wrong. But it also means you need to respect your tenants’ privacy and set clear boundaries.
- Know the Law
Quebec has strong laws to protect tenants. As a landlord, you need to follow rules about rent increases, lease renewals, and more. You may also need to register your rental units and use the government’s standard lease forms.
✅ Final Tips
Buying a duplex or triplex in Montreal can be a great decision. You can lower your living costs, earn extra income, and invest in a property that grows in value. But it also takes work and planning.
Here’s what to do:
- Get advice from a real estate agent who knows the local market
- Hire a home inspector to check the building
- Talk to your bank or mortgage broker
- Learn about Quebec’s landlord-tenant laws
With the right plan, owning a multi-unit home can be a smart step toward financial security.
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