In recent years, multiplex properties — buildings with around five residential units — have gained popularity among both new and seasoned real estate investors in Montreal. As the housing market continues to evolve, investors are increasingly drawn to these mid-sized rental properties for their income-generating potential and relatively manageable scale.

But with rising interest rates, changing rental laws, and growing competition, is a multiplex still a smart investment property to buy in Montreal in 2025? The short answer: yes — but it depends on your strategy and timing. Let’s break down why multiplexes continue to be a valuable asset for those real estate investing in Montreal.

1. Strong Rental Demand in Montreal

Montreal continues to experience steady population growth, particularly among students, immigrants, and young professionals. Many of these groups are looking for affordable, well-located rental housing — and that’s where multiplexes shine.

Unlike single-family homes, a multiplex provides multiple streams of rental income. This means you’re less vulnerable to vacancy losses, and your cash flow is typically more stable. In high-demand neighborhoods like Rosemont, Verdun, and Villeray, finding tenants isn’t the challenge — it’s finding a good deal on a building.

2. Owner-Occupant Strategy Still Works

One of the best ways to get into the Montreal market is by buying a multiplex and living in one of the units. This strategy allows you to qualify for a lower down payment (as low as 5% in some cases) and benefit from owner-occupant mortgage rates.

While your tenants help pay down your mortgage, you’re also building equity and gaining valuable landlord experience. In many cases, this approach significantly reduces your monthly housing costs — a major win, especially in today’s high-cost environment.

3. Rising Property Values in Key Neighborhoods

Despite market fluctuations, Montreal’s real estate market has remained resilient, especially in areas close to public transit, universities, and new development projects. Multiplex properties in boroughs like Plateau-Mont-Royal, Griffintown, and Hochelaga-Maisonneuve have seen strong appreciation over the past five to ten years.

In 2025, several infrastructure and transit projects are continuing to drive demand in emerging neighborhoods, which could mean even more upside for investors who get in early.

4. Leverage and Financing Opportunities

Multiplexes allow you to leverage other people’s money more effectively than many other types of properties. Since rental income is considered in your financing application, banks are often willing to approve larger loans compared to buying a single-family home.

And although interest rates remain higher than they were a few years ago, investors who can lock in competitive fixed rates and structure their finances wisely can still achieve healthy returns — especially with good tenant management and long-term appreciation.

5. Things to Watch Out For

Like any real estate investment, multiplex ownership comes with its challenges. Here are a few key things to keep in mind in the Montreal context:

• Rent control laws: Quebec has strict regulations when it comes to rent increases and evictions. Know your rights — and those of your tenants.

• Building maintenance: More units mean more upkeep. Regular maintenance and a reserve fund are essential.

• Tenant relations: Montreal tenants are well-protected by law, so communication, transparency, and clear lease agreements are critical.

• Zoning and permits: Renovations or conversions may require special approvals. Always check with your borough before starting a project.

Final Thoughts: Still a Smart Investment

So, is investing in a multiplex in Montreal worth it in 2025? For many investors, absolutely.

Multiplexes continue to offer a powerful balance of income, stability, and long-term growth — especially in a city where demand for rental housing remains high. Whether you’re looking to generate cash flow, build equity, or simply offset your housing costs, a multiplex can be a smart, flexible way to grow your real estate portfolio.

Just make sure you do your homework, budget for the unexpected, and get advice from local experts who know the Montreal market inside and out.

Thinking of buying your first multiplex in Montreal? Contact Estate Montreal today for personalized advice and property listings.